Many people do not realize the investment potential that a summer house has. It’s a common misconception and I want to dispel it so you can realize the full potential these amazing garden structures have.
A quality summer house works as a great long-term investment and in the right circumstances can add a decent value to your property. I explain how below, together with the advantages these superb garden buildings provide.
Summer House ROI – The Low Down
You may not know, but a summer house can add between 5-15% value to your property. Where else can you get that kind of boost without spending a fortune?
Let’s look at a theoretical example. You build a summer house in the UK for £8,000 and your property is worth £250,000 (which is around the average house price in the UK). At the low end of the value boost that would be 5% which still results in a return of £12,500. At the higher end with a 15% value increase that would be a return of £37,500!
Obviously, there are factors that can affect this such as the quality of the cabin, and how you look after it, but the 5-15% estimated value increase is pretty sound. Considering the initial investment cost and you have a viable long-term solution to boost your property value.
Maintenance is important though, and you must be willing to look after your summer house and keep it in good condition. You can’t expect this structure to add value to your property if it’s dilapidated and in need to major repairs.
Advantages of Adding a Summer House to Your Property
That sounds pretty amazing right? Who would have thought that adding a summer house to your property could potentially boost its value by 15%? While that’s fantastic, it’s not the only benefit and I show you other advantages below:
Increased Living Space
Consider this – what options do you have to add an additional room to your property? You can build an extension which can be highly expensive, or… move house! These aren’t exactly great choices, but this is where a summer house is the perfect solution.
You get additional living space for a fraction of the cost and effort that would otherwise be difficult to obtain!
Added Property Value
As we have touched on, a summer house can indeed add value to your property which is always a plus. If you want to sell your house eventually then any advantage you can gain to make your property more desirable helps too and a summer house certainly does this.
The added value should easily cover the initial cost of the summer house, even if you get your property appraised and it transpires that it only adds 5% value. It can be difficult to add that much value to your house and even things like a new kitchen or bathroom rarely have that potential.
Enhanced Quality of Life
Whenever I make a decision such as this, I consider the QOL impact too as this is something that is often overlooked. The fact is, a summer house in the UK can greatly enhance your quality of life in various ways.
Imagine what you could do with a summer house or the different purposes it could be used for. Maybe you’ve always wanted a home gym. Or to stop working from your kitchen table and have a dedicated home office? The possibilities are endless and a summer house just makes your home life that much more enjoyable.
Another fantastic thing about a summer house in the UK is that it should last for decades. Providing the timber is treated and it is maintained, these structures can last for 20 years easily, and many last over 40 years.
This makes it a great potential long-term investment and something that doesn’t really depreciate over time. So yes, there is an initial cost but you won’t lose out on that initial investment and due to the increased value summer houses can add to your property there are few downsides.
Final Verdict: Does a Summer House Add Value to Your House?
I hope you are now feeling positive about the prospect of getting a summer house in your garden due to the ROI potential and the fact that it can add value to your property. Who can ignore a potential 5-15% property value increase, especially in times when the housing market is looking increasingly uncertain?
Not only that but aside from the investment potential, summer houses are just incredible and give you an enhanced quality of life which is something we can all benefit from. You can do whatever you want with the extra space and it can become a true haven in your home.