How Much Does A Shed Add To Property Value
Date Published: January 10th, 2021
Garden sheds have a multitude of purposes. You might use yours as your work from home space, a workshop shed, a place to entertain or even as a playroom for your kids. While these are all great ideas, could having the extra space in your garden actually improve the value of your property?
It’s entirely possible, especially if you’re thinking of selling your home soon and are asking yourself: “How much does a shed add to property value?”. One way to find out is to first make sure that your garden shed or log cabin is installed to the correct standards and doesn’t break any planning permission laws. As a rule, outbuildings including sheds and summerhouses can mostly be built without obtaining planning permission from your local authority. However, size, placement, intended use, and if anyone is living in the outbuilding can change if you will or won’t need planning permission. If you’re unsure, check with your local authority who will be able to advise you further on this issue.
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How much does a shed add to property value?
Not all buildings can be extended to add space. For example, not all houses can have their attics converted or extensions added to the side. However, adding a garden shed is an easy and cost-effective way to add extra space to your property without breaking the bank. They’re versatile, meaning you can turn the space into whatever you want (a cinema room, a home-pub etc), and can add value to your house that you might not see on first inspection.
Many people who view your house may see just a garden shed for storage, but if you stage it in a way that highlights its potential, you may unwittingly add more value to the space than before.
If your garden shed has its own electricity supply, you’ll add more value as well. This is an advantage that future buyers will be on the lookout for. A shed with electricity can be used all year round and various appliances such as computers, TVs and heaters can be hooked up easily.
In terms of money, the exact amount that your shed can add on to your property will vary depending on its size and purpose. However, it’s generally thought that adding a garden shed to your home can boost the value of your home by around 5-10%. So, if your property is worth £150,000, you could potentially be adding £7,500 to its value.