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Tuesday, May 28, 2024

Landscaping Your Garden Could Yield Higher Property Value Increases Than Extensions, Study Finds

Improving gardens has proven a wise investment for UK homeowners, yielding higher property value increases than either extensions or new kitchens, experts report.

Data from the Post Office Money Survey suggests that landscaping could raise a property’s value by as much as 77 per cent, outperforming the returns from more traditional investments like extensions or swimming pools. The research further identifies garden landscaping and kitchen updates as the top home improvements for return on investment, potentially increasing property values by 25% to 75% for projects costing between £2,750 and £7,500.

A study conducted six years prior focused on the median asking price of a three-bedroom semi-detached house across the UK, establishing garden landscaping as the top value-adding feature. It emerged as the most cost-effective home improvement option, providing the highest return on investment. By comparison, a new kitchen could boost property values by 25 per cent, an extension by 37 per cent, and adding a wet room by merely seven per cent.

Trudi Lovell, Marketing Manager at Bannister Hall Plants Nurseries and Landscaping Supplies in Higher Walton, Preston, said: “Our consumer trends data supports that garden landscaping continues to be a significant growth area with homeowners, especially with the increase in property demand and the prolific housebuilding we have seen over the last few years. Bannister Hall has seen a sales surge in both natural stone and porcelain paving, as well as sales growth in other areas such as plants, turf, topsoil, aggregates and even in garden-lighting products.”

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.

Bannister Hall CEO, Jon C Hollywood says: “As the North West’s largest single source supplier of plants and landscaping materials, these research findings are clearly a win-win for landscaping suppliers, landscaping professionals and homeowners alike. In fact, in March we were thrilled to win another commercial contract to supply plants and landscaping materials to one of the UK’s best-known major property developers who are actively building sites across the region.”
“Sourced from a variety of UK industries, the above research clearly indicates that many UK homeowners who have invested in landscaping garden improvements have benefitted from a quantifiable increase in the saleable value of their property.”
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