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On average, awning costs range from $1,400 to $4,400. The low end of the cost range can be around $100 up to $7,500 on the high end. Cost factors include the type of awning, size, and location. Portable awnings are the most affordable and DIY-friendly to install, costing $100 to $400. Larger, motorized awnings tend to be more solidly built, ranging in price from $2,000 to $3,500.

Besides the type of awning, you’ll need to choose the type of cover. Your awning installation professional will review your options with you, including availability and costs. The types of covers you can choose from include:

• Wood, which is durable but can be damaged easily by rainwater and fire

• Cotton offers flexibility, weatherproofing, and easy cleaning

• Canvas is highly durable and is a good choice for retractable awnings 

• Metal is sturdy but is prone to rust

• Polyester is easy to clean and is a more breathable option

• Polycarbonate is highly resistant to UV rays and is difficult to damage

Stainless steel and copper are the most durable and will probably last the longest, especially when you compare them to fabric awnings. Steel is the most popular if your budget isn’t a top priority, but some people prefer copper awnings over steel because they are lighter, which makes them easier to install. Aluminum offers a more budget-friendly metal awning option that is still attractive and offers some durability, especially compared to fabric.

Yes, awnings can add value to a home, primarily by boosting its curb appeal and providing more usable outdoor space. While the exact monetary return on investment depends on the awning's size, style, and quality, they offer an excellent appeal factor to potential buyers. For example, an awning with a trendy metal roof can be particularly attractive. Even if the direct increase in resale value is modest, a well-chosen awning enhances the home's functionality and aesthetic.