Do conservatories add value to my home?

Many people set out to buy and have a conservatory fitted with the belief that it will add value onto your property. This is a common misconception, a conservatory may add value to your property but not 100% of the time and I am saying this as someone who works for a conservatory company because it is the complete honest truth.

So how do I know if a conservatory will add value to my home?

OK, to do this you must start off by understanding that property prices are primarily determined by location. Let's say that an estate has 100 properties in it and these property prices are between £90,000 and £110,000. That means people are willing to buy properties at a maximum of £110,000 and sellers are willing to sell at a minimum of £90,000.

If you have a house in this estate valued at £90,000 pound then buying and installing a conservatory will be a worthwhile benefit as there is room for improvement in your property and your property value. The conservatory will end up paying for itself and maybe even more than paying for itself.

However if you have a big, nice house in this estate, valued at £110,000, that does not have a conservatory then installing a conservatory should only be done for personal reasons because in all likeliness it is not going to add value to your property.

One advantage of buying and installing a conservatory in an area where you are the peak of property price market is if you are having trouble selling your house. Let's take a new example.

You are trying to sell a house in the same estate at £110,000 but other houses keep getting bought instead of yours, then a conservatory will give your property that little something extra that other properties do not have and speeds up the whole process of selling your house.

So there are advantages to buying and installing a conservatory in any situation but for added value to the property all you have to do is make sure you are not already maxed out!

Thanks for Reading