UK homeowners who set out to improve their gardens during pandemic lockdowns have been investing wisely as they see property values rise more than building an extension or installing a new kitchen, the researchers reveal. experts.
According to the 2019 Post Office Money Survey, landscaping your garden could potentially increase your property value by 77%. This means that garden landscaping offers a better return on investment than building an extension, adding a swimming pool or installing a new kitchen.
The study, which was conducted over five years, was based on the average asking price of a three-bed semi-detached house across the UK. He found that landscaping properties added the most value to a home. Yard landscaping has proven to be the most profitable form of home improvement when selling while offering the best return on investment (ROI) compared to other types of improvement projects. of habitat. A home improvement such as a new kitchen was found to add only a 25% increase in property value, with a building extension seeing a 37% increase and a small 7% increase after adding a wet room.
Nexus Pro Systems are a leading UK manufacturer of paving joint compounds for the landscaping and construction industry. Their Chief Operating Officer, Tom Hamilton, said: “Our consumer trend data certainly confirms that backyard landscaping has been a significant growth area for homeowners, particularly during the pandemic period. In particular, during the lockdown period, we saw increased consumer demand for our Pro Joint Fusion “all-weather” paving grout product, which I can only assume meant that landscapers and do-it-yourselfers were actively rejuvenating their outdoor spaces, rain or shine.
“Indeed, many of our UK based dealers have reported a significant increase in consumer demand for all manner of landscaping supplies. I believe it is important for homeowners to know that investing in their gardens not only increases the curb appeal of their property, but also its market value.
Foxtons Estate Agents have conducted research revealing that simply having a garden will typically increase the value of a property by 20%. A high 72% of buyers were willing to pay more for a property with a garden, according to Foxtons research.
Data from Rightmove revealed that access to a garden was a priority for over 60% of buyers looking for a new home. On the other hand, the Royal Chartered Institute of Surveyors found that 80% of property professionals believe that the demand for a garden will continue to increase.
“Any improvement that increases the value of a property can be significant. If you need quick access to funds, borrowing against your property, whether with a new advance, refinancing on better terms, or a second charge bridge can be one of the quickest and cheapest methods. dear. At the same time, if you are investing in a rental property, and you are going to borrow to buy and renovate, do not neglect the garden, as its improvement will certainly increase the overall Gross Development Value (GDV) and, therefore, improve the amount and potentially the rate at which you will borrow,” said Alastair Hoyne, CEO of “Finanze,” an FCA-regulated specialist property finance firm.
In their recent study, ‘MyToolshed’ analyzed house prices in ten areas of London and found that well-maintained green space could raise the average house price in Islington North London by £848,710 from £141,451. Similarly, homes in Ealing priced at £786,507 could gain an extra £132,806 by sprucing up their garden spaces. Properties could see profitable gains of £131,084.50 on a house priced at £796,834.00 in Wandsworth.
Sourced from a variety of UK industries, the research above proves that many UK homeowners who have invested in landscape garden improvements during times of lockdown have enjoyed a quantifiable increase in the market value of their property.
Nexus Pro Systems Ltd is a national manufacturer specializing in supplying innovative products to the paving, landscaping and driveway industries. The manufacturer has a UK dealer network of over 250 stone builders and dealers. It has a product portfolio that includes a line of paving auxiliary products and a line of sealers and cleaners. There are also unique resin joint systems for pointing between paving slabs and pavers
Media Contact: Jon Hollywood – Public Relations Manager
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Finanze – Brokerage specializing in real estate investment
Founded by Alastair Hoyne, Finanze specializes in bespoke solutions for relay, buy-to-let, development finance and commercial mortgages. Finanze launched in 2021, with Hoyne drawing on its experience in investment banking, hedge fund management and strategic advisory to provide an institutional quality service to sophisticated private and corporate real estate investors. Hoyne has issued conditions on a £75million property, representing a gross loan value of £45million, after receiving FCA approval at the end of September 2021. Alastair Hoyne T/A Finanze is an appointed representative of Connect IFA Limited 441505, which is authorized and regulated by the Financial Conduct Authority and listed on the Financial Services Register under reference 958726.
Contact: Alastair Hoyne
Email: [email protected]