Holy moly, $46k? We replaced our existing wooden deck (that was part of the original build of the house in 2006) with a Trex deck this summer for ~$30k and it took 4 weeks to finish. We used a local contractor that came recommended to us from other contractors we’ve used for projects on our house.
I think real estate is wildly overpriced here but its all driven by demand of the lake, Wisp, and four season activities. As long as rental demand continues to be high, prices won’t budge much. This is a pendulum so I do think eventually the market will saturate and/or a recession will hit that cuts back on second home/investment property activity and vacations. Even with the improvements we’ve made, we’d still make a hefty profit from what we bought at in 2016 with how high prices have ballooned.
And its not just here - even Canaan has seen prices rise dramatically since covid.