How Much is Your Outside Space Worth?
How much is your outside space worth?
It seems we’re mad about gardens. As an agent the addition of a garden to a two bedroom flat usually gets the phones ringing off the hook. And the difference a buyer will pay for a landscaped and ‘pretty’ garden over an unkempt one is HUGE.
Did you know?
- ‘Garden’ was the second most popular search term for prospective purchasers across the UK in 2019 according to research by Zoopla, with other amenities such as ‘garage’ and ‘parking’ also among the top three.
- It is estimated around 90% of UK households have access to a garden and spring is the time to start investing in our outdoor space.
- The presence of a well-maintained garden may well add a premium of between 5% and 20% on a sales price. Real grass, sheds and outdoor seating areas are all popular features among home buyers. Having an outside office with electricity and heating (the type where someone could work from) makes a huge difference to specific buyers.
- Brits spend 114 hours per year on gardening tasks on average. Whether it’s vegetables, flowers or easy-to-maintain pot-plants, our open and greenspace is often associated with health and wellbeing. Check the infographic library for single jpegs of this week’s infographics.
If you are thinking of selling your property and have the capital to do so, some investment in your garden can make a huge difference in making your property stand out from others on the market, especially if you are located in a popular location.
If you want a virtual desktop valuation of your property while we’re in lockdown, get in touch.