Does a garden office add value to a house?

Is working at the dining room table starting to get you down? We take a look at whether adding a garden office can boost the value of your home.

The content of this article was relevant at the time of publishing. Circumstances change continuously and caution should therefore be exercised when relying upon any content contained within this article.

Streets of terraced houses from above

Image source: Getty Images

Has the coronavirus pandemic changed the way you work? It may be that you now dream of the perfect garden office space. But before you go look at specs for the latest models, let’s take a look at whether adding a garden office will actually improve the value of your property.

Do garden offices add value?

The simple answer is yes. Adding a garden office to your property will increase its value – but it may not be by as much as you think. It often depends on how well you market your new addition when it comes time to sell up.

5 Stocks For Trying To Build Wealth After 50

One notable billionaire made 99% of his current wealth after his 50th birthday. And here at The Motley Fool, we believe it is NEVER too late to start trying to build your fortune in the stock market. Our expert Motley Fool analyst team have shortlisted 5 companies that they believe could be a great fit for investors aged 50+ trying to build long-term, diversified portfolios.

Click here to claim your free copy now!

As with anything, when it comes to property value, it depends on the market at the time and what buyers want. Generally speaking, adding to the footprint of a home will increase its value. Garden offices are a relatively hassle-free way to do this. They are quick to put up and usually cheaper than a full-on extension.

According to Housebuilder and Developer, most garden rooms add around 5% to the value of a property. Robert Ellis of Nutbrook Property estimates that the value-added would be around 1.5x the cost of installing the building.

Assuming that the garden office you choose is high quality and that your estate agent markets it as more than just a ‘posh shed’, then the value it adds to your home will cover the cost of installing it in the first place. A garden office can add a ‘wow’ factor, and in the current climate, that could be a real selling point.

How much do they cost?

How long is a piece of string? Prices vary hugely when it comes to garden offices. Some say they start from around £10k, while others claim average prices range from £13k to £20k. Some big spenders splash out as much as £90k!

So here are some basics to be aware of. Firstly, pre-made is cheaper. As soon as you go bespoke, you’ll see the price climb rapidly. So unless you have a very strange shaped garden, taking a look at pre-made models is the most sensible option.

Secondly, watch out for hidden costs. You may get a quote for the structure that you are happy with. But when you look at delivery costs or the cost of connecting electrics to the mains supply, it could quickly become too expensive.

Finally, keep in mind that adding extras like air conditioning and underfloor heating will push the price even higher.

Are they worth it?

That is a very personal question. The fact is that in the current market, adding a home office to your property is likely to boost its value. Just increasing your square footage, even if the garden office ultimately becomes your crafting studio, can help push its price higher.

Garden offices can be constructed in as little as two weeks, with very little disruption. And often they don’t require planning permission (although you should always check the rules for your area).

However, if you have the finances available, you may find that a small extension (like an additional room, conservatory or loft conversion) may have more impact on the value of your home. According to Hiscox, such an extension could boost your property price by an average of 8.4%.

How can I finance one?

If you are interested in adding a garden office, then there are lots of different ways to fund your new addition.

Obviously, the cheapest way is to pay for it from savings. If you do need to borrow money, then look for the best possible deal.

You could potentially use a 0% purchases credit card. This type of card gives you an interest-free period in which to pay off your balance. Which means you can avoid costly interest charges.

Alternatively, you could look to get a personal loan. It’s best to compare products to find the rate and fixed term that works for you.

Finally, you could potentially remortgage in order to release some of the value of your home and put that money towards making improvements. This may not be the most cost-effective way of adding a home office, so it is always worth doing your research beforehand.

Is this little-known company the next ‘Monster’ IPO?

Right now, this ‘screaming BUY’ stock is trading at a steep discount from its IPO price, but it looks like the sky is the limit in the years ahead.

Because this North American company is the clear leader in its field which is estimated to be worth US$261 BILLION by 2025.

The Motley Fool UK analyst team has just published a comprehensive report that shows you exactly why we believe it has so much upside potential.

But I warn you, you’ll need to act quickly, given how fast this ‘Monster IPO’ is already moving.

Click here to see how you can get a copy of this report for yourself today

More on Personal Finance

Note paper with question mark on orange background
Personal Finance

Should you invest your ISA in a model portfolio?

Which model ISA portfolios offer both high performance and low fees? Hargreaves Lansdown, Interactive Investor and AJ Bell go under…

Read more »

Economic Uncertainty Ahead Sign With Stormy Background
Personal Finance

Is it time to exit emerging markets investments?

Investors may well be sitting on losses from emerging markets funds. Is it worth keeping the faith for a sustained…

Read more »

Personal Finance

Share trading? Three shares with turnaround potential

Share trading has been difficult in 2022, but which companies have turnaround potential? Jo Groves takes a closer look at…

Read more »

Man using credit card and smartphone for purchasing goods online.
Personal Finance

Revealed! Why Gen Z may be the savviest generation when it comes to credit cards

New research reveals that Gen Z may be the most astute when it comes to credit cards. But why? And…

Read more »

Environmental technology concept.
Personal Finance

The 10 best-performing sectors for ISA investors

The best-performing sectors over the past year invested in real assets such as infrastructure, but is this trend set to…

Read more »

Road sign warning of a risk ahead
Personal Finance

Recession risk ‘on the rise’: is it time for investors to worry?

A major global bank has suggested the risk of a recession in the UK is 'on the rise'. So, should…

Read more »

pensive bearded business man sitting on chair looking out of the window
Personal Finance

1 in 4 cutting back on investments amid cost of living crisis

New research shows one in four investors have cut back on their investing contributions to cope with the rising cost…

Read more »

Image of person checking their shares portfolio on mobile phone and computer
Personal Finance

The 10 most popular stocks among UK investors so far this year

As the new tax year kicks off, here's a look at some of the most popular stocks among UK investors…

Read more »