How a shed can increase your property’s value
Real estate agents agree – a shed can increase the value of your property… if you choose the right shed.
Properties that have a separate workshop space, shed or garage have an advantage over properties without. It allows property owners to demand higher sale prices, additional rent and increases the chance of a sale or rental.
It is estimated that by adding a large shed to a rural property, large backyard home or family home – or a garage to any property – it will add an approximate increase of $20,000 to the sale price and an extra $20 per week in rent.
But don’t just listen to what we have to say about the value of a well-constructed shed, architects, real estate agents and property renovators agree:
“Storage and well-designed storage is increasingly becoming a major issue and concern for clients (homeowners/builders), wanting to find a place for everything, and everything in its place. To many buyers, storage does matter, but it also needs to be in keeping with the overall design aesthetic of the house, and be secure, weatherproof and in a convenient location.”
– David McCrae, architect from Manfredini McCrae Architects
“I definitely believe that buyers seek homes that have plenty of storage. Women may be looking at the kitchen and bathroom but the man of the house is only interested in space for his boy toys. Having a sizeable shed or garage is quite often high on the list of must have for prospective purchasers when making a buying decision.”
– Charyn Youngson, a property renovator, home stager, and home selling strategist at ‘House to impress’
“When you invest in a large structure such as a carport or garage, it can often add considerable value to your property. As most families nowadays have more than two cars (and if they don’t, everyone has a boat, caravan, trailer etc.) a home with extra undercover garaging is always going to be a winner. When selling your property, success is achieved when you can make your property stand out from the rest and offer features that other homes in the area are missing. There are no guarantees, but if the right buyer is drawn to your home through the extra garaging space, you could see a premium price achieved for your property.”
– Tim Zampech, Real Estate Agent at ‘Harcourts Coastal’
It’s the consensus among real estate professionals that the right shed or garage can increase your property’s value. If you’re interested in potentially increasing your property’s value, check out our extensive range of sheds and garages here.