Could Buying A Garage be your Wisest Investment?
10 December 2008
Lenders have suggested that adding a garage to your property can dramatically improve the selling price.
Regionally the drop in house values varies dramatically but for example the average house price in South Yorkshire is £140,201 and in Derbyshire £164,518 which is down annually on average 6.3% up to OCT-2008.
Unlikely as it may seem, the addition of a garage to your home adds the most value according to some lenders. The Nationwide Building Society suggests that by adding an extra bedroom can increase a home's price by an average of 10.8% across Britain and converting existing space such as a loft will have much less impact on the price. The addition of a single garage will on average see the property rise by 11.1% or 20.4% for a double width.
Why? The answer is simple; the Home Office has published figures that nearly 1.7 million vehicle-related thefts were recorded during 2006-07 making up nearly 19% of all recorded crime. Securing your car or bike offers peace of mind as well as lowering your insurance premium.
Modern sectional buildings are offered with a host of security options including secure steel framed main garage doors, multi-point locking, laminated secure windows and the benefit of steel reinforced concrete sections which are virtually impossible to penetrate.
A concrete sectional garage requires little more than a flat concrete raft foundation, if it is below 30m² then Building Regulations will not be required. Relaxation in the Planning Rules allow most home owners to add this addition without seeking council approval although it is suggested that you contact your Local Authority for guidance in this matter. For convenience, most concrete garages are constructed in less than a day.
Other Press Releases By This Company
- 05/08/2009 - Garden Buildings Centre gets a boost
- 09/04/2009 - New buildings join the arsenal at The Garden Building Centre
- 09/12/2008 - Garages Uncovered
- 05/10/2008 - Accommodating your 4WD vehicle
- 03/10/2008 - Commercial Industrial Prefabricated Concrete Sectional Buildings
- 26/09/2008 - Removal of Asbestos Garages or Corrugated Asbestos Roofing Sheets
- 26/09/2008 - 'How to' Convert Your Garage to an Office
