Homeowners in the UK who have invested in garden improvements are experiencing more substantial increases in property values than those from extensions or new kitchens, according to industry experts.
A study by the Post Office Money Survey reveals that landscaping your garden could enhance your property’s value by up to 77 per cent, a greater return than that from extensions or swimming pools. The study also found that among home improvements, garden landscaping and kitchen renovations are likely to yield the greatest return on investment, increasing property value by 25% to 75% for investments ranging from £2,750 to £7,500.
The initial research, conducted six years ago, focused on the mid-range market price of a three-bedroom semi-detached home throughout the UK, identifying garden landscaping as the most valuable addition. It proved to be the most economical upgrade for sellers, offering the highest return on investment compared to other home improvement options. A new kitchen could lead to a 25 per cent increase in property value, an extension could add 37 per cent, and a wet room only seven per cent.
Other research supporting the financial rewards from improving your garden comes from Foxtons estate agents, which reveals that simply having a garden will generally increase a property’s value by 20 per cent. Moreover, 72 per cent of house buyers were prepared to pay more for a property with a garden, according to Foxtons. Similarly, data by Rightmove revealed that access to a garden was a priority for over 60 per cent of buyers searching for a new home.
