Home Enhancement: Garden Elements That Could Bolster Your Property's Value Significantly
Sun's Shining and Your Wallet's Growing: How to Boost Your Property Value with a Garden Makeover
Feeling the gardening itch? With the glorious weather and the upcoming RHS Chelsea Flower Show, it's time to roll up your sleeves and get to work! But aside from fulfilling your green thumb desires, a garden transformation could add a hefty chunk to your property's value.
The property experts at Regency Living have crunched the numbers from various reliable sources like Home Logic, Checkatrade, myjobquote, and more to give you a clear picture of what features to focus on. While this analysis might not be foolproof, it's a valuable guide for prioritizing your garden investments.
First Up: The Office or Garden RoomIf you've got the space, a swanky garden room or office could boost your property value by a whopping 7.5%! That translates to a substantial £20,141 for the average UK home price of £268,548. With more rooms usually equating to a higher value, it's not surprising that this feature is a clear winner.
Second on the List: The Victorian ConservatoryWhile the conservatory may nibble into your garden space, it pays off with a 7% increase in property value – that's £18,798 for the average UK home price! Plus, you gain another precious room to utilize.
Third: The Outdoor KitchenCraving for grilled burgers or smoky BBQ ribs? A fully-equipped outdoor kitchen complete with a grill, smoker, refrigeration, storage, dining table, lighting, heating, and fancy landscaping could add 5.6% to your property value – that's £15,039, and that's before you even hint at a Big Green Egg!
Other Features Worth Considering:
- Prefab Timber Summer House: A sturdy summer house could add an estimated £13,427 to your property value.
- Landscaping: A well-designed and appealing landscape can contribute around £12,085 to your property value.
- Patio or Decking: A well-maintained patio or decking can add approximately £11,548 to your property value.
- Hot Tub: While a hot tub can add a relatively modest 3% to your property value – around £8,056 – it might not be the best investment, given that it's not everybody's cup of tea.
According to Tim Simmons, the sales and marketing director, "When it comes to property value, a home is worth exactly what someone is willing to pay for it. So, if you're creating something unusual and a step above the competition, even in modest ways, you're going to capture buyer attention and invariably increase the price they're willing to pay."
So, whether you're planning to sell or simply wish to have a stunning garden that adds character to your life, now you know which elements to focus on. Happy gardening, people!
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Incorporating a home-and-garden concept for your garden makeover could potentially enhance the lifestyle aspect of your property, as elements such as an office or garden room, Victorian conservatory, outdoor kitchen, prefab timber summer house, landscaping, patio or decking, and even a hot tub, are noted to have a positive impact on property value.
Moreover, focusing on aesthetically pleasing and unique features could boost a property's appeal, potentially attracting buyers willing to pay more, as suggested by Tim Simmons, the sales and marketing director.
