This summer millions of home owners across the country will be looking to make it big on the rejuvenated British housing market. From converted garages and attics through to new wallpaper and the smell of home cooked bread, home owners will try every trick in the book to squeeze the maximum value from their house. However many will overlook their house’s most critical asset, the garden.
Many housing experts swear that a well presented garden will add between 5 and 10% to the overall value of a house. To put that in terms of cold hard cash, the average home owner in England and Wales could be sitting on whopping £20,000 extra in revenue, not a bad return from a little landscaping! Investing in your garden is therefore a relatively low risk path to maximizing the value of your property. Here we explore how even modest investments can yield serious gains on the housing market.
How to get more for less
According to Lloyds TSB the average British garden has an insurance value of around £2,000. When you consider this could add 10 times that value to the overall property, a couple of grand might seem like a reasonable investment!
For those with that kind of excess capital, consider large changes to the garden’s landscape and ‘infrastructure’. If you have the space, carve it up into different sections. For instance, a decked platform with a table instantly becomes an al fresco dining area, a custom built brick BBQ an outdoor kitchen. Or how about in place of a shed invest in a stylish summer house? Watch big kids’ eyes light up as they contemplate having their very own games room at the bottom of the garden. Or, why not join over 10% of all families in Britain and install your very own hot-tub? A sunken Jacuzzi will make your garden look more luxurious, and after all you can always take it with you when you leave!
For those who can’t afford or do not want to make massive changes to the landscape, the value of a garden can still be raised with low cost, traditional methods. Maintaining trees and hedges and planting blooming flowers will help to foster a natural and welcoming atmosphere. A well-kept patch filled with seasonal vegetables will tug on your buyer’s nostalgia for a more rustic life, even in people with no intention of self-sufficiency. Better yet nothing makes a garden look more pristine than topiary art which, when chosen carefully, adds an effortless class to your lawn that is sure to get buyers’ aspirational senses tingling.
Much more than a garden
Remember, your prospective buyer is seeing so much more than trees and grass. They are seeing a place for their children to play and grow, somewhere they will spend long summer evenings or host barbeques and garden parties with loved ones. With a bit of thought, anyone can turn their garden from a patch of grass into a real money spinning opportunity.