Do Big Gardens Increase the Value of a Home?
Owners of houses who need a Quick Home Sale need to be very realistic when establishing an asking price if they are to Sell Home Fast. Within any given location the first properties to sell are typically those which are best priced and perceived as good value by would be buyers.
However, it may be possible to obtain a faster purchase at a higher price if your home is exceptional or outstanding in some particular way.
Some houses are accompanied by larger than average gardens. This often occurs when builders are planning a development and find themselves with odd shaped plots at some point on the plan. These odd shapes are too small for 2 dwellings so are developed with one building which gains from a larger garden. Corner plots are also often bigger than average. On the odd occasion it is possible for a property owner to take additional land, some examples of this from the 1970’s include the sale of land owned by the railway companies after the closure of branch lines.
If your house has more outdoor space than similar properties in your street then it is tempting to raise the asking price when looking to get a Quick House Sale. However you need to take several factors into the equation.
Firstly, is the extra space really useful? If it makes a level extension to your garden, that is a good thing. If however it is an difficult shape, or a very steep bank which is difficult to maintain then it’s extra value is uncertain.
Secondly, is it close to the rest of the property? To have any positive impact on the selling price the extra land must be attached to the land around the property in a natural way, so that you can have access onto the land. Land which is in the form of an area not connected to the main plot is of little value.
Thirdly, what condition is it in? Extra land which has been well adjoined into the main plot and has been planned out and laid in a style consistent with the rest of the garden will have more value than a slice of land that is an obvious extra, perhaps growing wild and uncultivated.
Fourthly, planning permission. Probably the largest addition in value of extra land can be achieved if that land enables the building of an extension which would not have been possible if the land did not belong to the seller. Often big extensions detract from the remaining garden size in such a way as to actually reduce the value, with the bigger plot this problem does not occur since there is still a good sized garden after the extension has been built.
Finally, when demanding of that estate agent “Sell my House fast!”, do not over estimate the value of extra land. Many sellers overestimate and find that the Quick Home Sale they wanted does not materialise.
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