Thursday, Mar 13, 2008
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timesonline: How to refresh your garden and add £50,000 to your home
As house prices wobble, how can you add value to yours?
George Franks, the head of estate agents Douglas and Gordon in Clapham, South London, says: “A cracking south-facing garden can increase a property's value by between 2 and 10 per cent. If you have two houses worth £800,000, the one with a garden will cost £50,000 more.”
.........................flobba lob a lob, little weed: said Gordon
.........................flobba lob a lob, replied Darling
Posted by bystander @ 04:35 PM (848 views) Add Comment
12 Comments
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1. Landedgentry said...
No way!
Times must be living in 2005. They probably think the credit crunch is a lowfat cereal bar.
2. paul said...
Add a full length mirror and some magnolia paint and it'll absolutely double in value ...
3. 51ck-6-51x said...
This reminded me of an (awful) article in yesterday's London Lite (free newspaper) about how it's a good investment to buy houses near London parks as this will add £20K onto the price of the house. This is as pointless as saying "Why not spend an extra £20K on your house purchase as it will increase your future profit?"
£(X+20) * r > £X * r
BUT r is not changed by the +20!
Who buys this tripe?
If you are going to sell your home spend a little making it look well kept, clean and clutter free - that is good marketing. (of course if the garden is covered in rubble put your back into it, the same applies)
"There are people out there, and I am one, who will buy a house for its garden." - This comes from a keen gardener?! Surely he would buy a house with A garden, and would look at the quality of the land rather than the current presentation? That would be like a builder or plumber saying "When I buy a house I look for well fitted kitchens & bathrooms" (this would only be the case if he is going to have no time to do the work himself - which is probably not right now for builders or gardeners!!)
4. Db82 said...
maybe the garden is needed for grow your own veg, since people buying now wont be able to afford food anymore.
5. jack c said...
South facing and sheltered - good opportunity to currently grow your own wheat crop - must add another £25K to the selling price?
6. harold said...
jack c, lol.
London Lite:
"Why no wait for your neighbour's house to become derelict, buy it for 100K, knock it down and turn it into a park. Hey presto! You now live in the vicinity of a desirable open space and have added an extra 20K to the value of your property".
7. crash bandicoot said...
I notice that this is in the "life & style" section. So it seems that you can have a life without style these days. That should save a few quid here and there. These folks are only employed becase of public demand, expect them to be replaced with money saving types in the coming months.
8. Crutchley said...
"If you have two houses worth £800,000, the one with a garden will cost £50,000 more.”
If this is true, then surely one of them isn't worth £800,000
9. Fed Up said...
more property porn
10. Fwb said...
Dear 51ck-6-51x, I couldn't work it out either. So I've got an 800K house with no garden, so while no one is watching I'll move my neighbours fence back, steal his garden and add 50K to my property!
flobba lob a lob Brick Chicks flobba lob a lob,,
11. crash bandicoot said...
Perhaps we should tell them that adding value to your property is sooooo last year dahling.
12. Landedgentry said...
£50k extra for a garden you can only enjoy for 3 months of the year!