Sheds & Garages Increase Value!

Posted on : July 16, 2011

Buyers and Renters demand a Shed.

Properties that have a seperate workshop, shed or garage have an advantage over properties without, by demanding higher sell prices, additional rent and also increase the chance of a sale or rental. In regional areas where the mining boom is prevelant, real estate agents report the advantages to property owners of the contsruction of a double garage or shed. Investment properties are sort after with the shed as an extra.

Reported in The Australian Property Investor – the article relates to Queensland towns of Mackay, Gladstone and Bowen. The comment by local realtor David Bugeja recently ” the ones to sell fastest were the properties with sheds”. He also reported that for a capital outlay of approximately $12,000 in a shed or garage – this will add an expected increase of $20,000 to the sale price and an extra $20 per week in rent.

In the same article Mr. Tooma of The Shed Company Mackay said “for between $10,000 and $12,000 a fully erected shed can be placed on site with the approval certificate, earthworks and concrete done”.

Even A Small Shed adds Value

The property investor can purchase a property with an existing shed or simply add a double garage to a property without. The end result is an increase in capital gain within a short time period or a guaranteed extra rental income. As stated in the article – it is wise to check local council requirements as to approvals, easements, sewerage locations and location.

For an investment of as low as $12,000 for a double garage to return an additional $8,000 extra is an extremely attractive option.

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One Response to “Sheds & Garages Increase Value!”

  1. Slim said...

    I just completed my shed – the Real Estate agent said it is possible to add between 5% and 10% additional value to the sale price – especially on double garage or bigger.

    Is there any research into house sales with and without sheds (or garages) in Australia?

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