How Much Value Does a Shed Add to a House?
Outdoor living is highly valued in Australia, so if you’re thinking about selling your property you may want to consider adding value by improving the outdoor space.
In the current property market, many homeowners are choosing to renovate and improve their homes rather than buy new. If you’re planning on selling, it may seem like a poor investment to spend money on improvements; however, this can increase the value of your property and make it easier to sell.
With the increased popularity of backyard workshops, man caves and storage spaces, a shed is an excellent investment for adding value to your property. Perth sheds not only benefit you during the time you live at the property, but also in the future if you decide to sell.
Is a Shed a Good Investment?
Real estate agents tend to agree that adding the right shed can definitely increase the value of your property. Properties that have the added bonus of a separate workshop space, garage, or shed has a much better advantage over properties that don’t have this. This allows a higher sales price, more rent and greatly increases your chances of a faster sale or rental.
Adding a large shed to a backyard or rural property is estimated to add approximately $20,000 to the sale price, or an extra $20 per week in rent. Many buyers value storage space, and are looking for a safe, weatherproof and secure space to keep their valuables that is convenient and stays within the overall aesthetics of the home.
Storage space is not the only option for adding value to your home. Investing in a carport or garage can add considerable value as most families these days have more than one car. Buyers like the idea of an enclosed garage for increased storage capabilities. Many people may also be looking for a storage space for their caravan, boat or trailer. Homes that have extra weatherproof areas will stand out above the rest.
Why is a Shed a Good Investment?
Even if you’re not planning on selling your property anytime in the near future, Perth sheds are still a valuable investment for many homeowners. A new shed can bring many benefits to you and your family. Some of these include:
- Extra storage space – Sheds and garages can be the perfect solution to a lack of storage space. Even a small shed can provide some extra space for items that take up room in your home, while still being convenient when needed.
- Additional living area – Sheds are very versatile and can serve a number of purposes. Sheds can be a solution to many space problems and make excellent games rooms, man caves or even teenage retreats.
- Added security – A garage provides that extra peace of mind to keep your vehicles safe and secure. A lockable garage is a great way to reduce the risk of theft.
- Weather protection – Perth sheds and garages provide protection from the elements. A garage can provide cars, boats and other valuables protection from the harsh weather.