Does a shed add value to your home?
If you’ve been thinking about building a shed, you may be wondering whether it’s worth the investment. Does a shed really add value to your property? The short answer is yes, but it’s about more than a simple dollar figure. A quality backyard shed can boost your sale price, make your home more attractive to buyers and improve your quality of life while you still own it.
Sale Price
If we’re considering only monetary value when you sell your property, the good news is a shed does improve your property value. Real estate agents consistently report that homes with a quality shed sell for more than comparable homes without one. The exact value depends on factors like the size, condition and quality of the shed, as well as how well it suits the local market, but in most cases, a shed is one of the more cost-effective additions you can make relative to the value it returns.
Unlike some niche renovations that only appeal to certain buyers, a shed tends to have broad appeal, which means it’s less likely to be a wasted investment when it comes time to sell.
Buyer Appeal
Many buyers are looking for a backyard shed when they’re searching for a new home. Whether they’re looking for caravan or boat storage, want to build a gym, a home workshop, or store the tools of their trade, having a shed already on the property makes it an attractive option. When buying a home, most people want a property that ticks all of the boxes and is ready to move in. Have a shed already on the property removes one more item from their to-do list including the stress of applying for permits and wait times on trades and materials.
This is especially true for buyers with hobbies or side businesses that need dedicated space: Tradespeople, mechanics and landscapers often specifically search for properties with existing sheds rather than plan to build one themselves. For these buyers, a shed isn’t just a nice extra, it can be a deciding factor between your property and a similar one.
In addition to the practical benefits, a shed can look great in your backyard! A modern, well-maintained shed that complements the style of your home adds to your property’s overall appeal and can leave a strong first impression during inspections and open homes.
Lifestyle Value
While your new shed will add monetary value to your home and make it more appealing to buyers, it’s also important to consider the value it brings to you while you’re living in the property. Practical general storage can keep your home and garage clutter-free, a home gym can improve your physical and mental wellbeing and having a place to store your vehicles reduces the risk of theft and damage.
Beyond storage, a shed can improve everyday life:
- More usable garage space: Storage for seasonal items, tools, and equipment to keep your garage clear of clutter.
- A dedicated hobby or work zone: A shed gives you a space to work on hobbies and projects without disrupting the rest of the household.
- Better protection for valuables: Bikes, kayaks, mowers, garden equipment and vehicles are protected from weather damage and theft when they’re locked away and undercover.
- A tidier backyard: Storage outdoor clutter into one purpose-built space makes the rest of your yard more enjoyable to use.
Choosing the Right Shed
Not all sheds are created equal, and the choices you make can significantly affect how much value your shed adds. Here’s what you should consider:
- Size and layout: Bigger isn’t always better. The right size depends on your block and intended use. A shed that’s proportionate to the property tends to be more appealing than one that takes over too much of your backyard.
- Material and build quality: Durable, quality materials and workmanship means your shed will function better, look more appealing and stand the test of time.
- Style and finish: Colour, roof pitch and finishes that complement your home’s existing aesthetic help the shed naturally complement your home. See the shed we build for Rolf for inspiration.
- Permits and compliance: A properly permitted shed built to local council requirements gives buyers confidence there won’t be compliance issues down the track. Our team can take care of your project from start to finish, including obtaining relevant permits.
A shed is one of the few backyard additions that genuinely pays off on multiple fronts. It can lift your sale price, make your property more appealing to buyers and make everyday life easier while you’re still living in the home.
Ready to start planning your dream shed? Reach out to our team for a consultation and quote here.