Sellig?
We too have 25 year old PT decking. ISS painted it and it looks like new. Granted, the life expectancy of a painted surface is low, but I'd talk to a realtor about how much to spend where for most bang for the buck.
Your neighbor in the cove has a huge dock/deck complex, all trex, several years old, still looks great. No maintenance except cleaning up spills, no snow removal is done.
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