Best of the Week
Most Popular
1.Spain Ignores Scotland Lesson as Catalan Independence Referendum Could Spark Civil War - Nadeem_Walayat
2.Used Car Buying From UK Dealer Top Tips, CarMotion.co.uk Real Customer Experience - N_Walayat
3.Spanish New Civil War Begins as Madrid Regime Storm Troopers Quell Catalan Independence Rebellion - Nadeem_Walayat
4.Virgin Media Broadband Down, Catastrophic UK Wide Failure! - Nadeem_Walayat
5.Are the US Markets setting up for an Early October Surprise? - Chris_Vermeulen
6.The Pension Storm Is Coming To Europe—It May Be The End Of Europe As We Know It -John_Mauldin
7.Stock Market Crash 2018; Will it Prove to be Another Buying Opportunity - Sol_Palha
8.The Profoundly Personal Impact Of The National Debt On Our Retirements - Dan_Amerman
9.Stock Market as Good as it Gets; Like 2000 With a Twist -Gary_Tanashian
10.1987 Stock Market Crash 30th Anniversary Greatest Investing Lesson Learned - Nadeem_Walayat
Last 7 days
This Super Metal Is Set To Soar By 300% - 23rd Oct 17
More New Record Highs As S&P 500 Gets Closer To 2,600 Mark - 23rd Oct 17
Another Minor Stock Market Top? - 23rd Oct 17
Bitcoin Hits $6,000, $100 Billion Market Cap As Helicopter Ben and Jamie Demon Warn The End Is Near! - 22nd Oct 17
Time for Caution in Gold Miners - 22nd Oct 17
“Great Rotation” Ahead; Will it Be Inflationary or Deflationary? - 21st Oct 17
The Trigger for Volatility, Rates and the Next Crisis - 21st Oct 17
Perks to Consider an Agent for Auto Insurance - 21st Oct 17
Emerging Megatrends Hurting Consumers - 21st Oct 17
A Catalyst of the Stock Market Bubble Bust - 21st Oct 17
Silver Stocks Comatose - 21st Oct 17
Stock Investors Ignore What May Be The Biggest Policy Error In History - 20th Oct 17
Gold Up 74% Since Last Stock Market Peak 10 Years Ago - 20th Oct 17
Labour Sheffield City Council Employs Army of Spy's to Track Down Tree Campaigners / Felling's Watchers - 20th Oct 17
Stock Market Calm Before The Storm - 20th Oct 17
GOLD Price Creates Bullish Higher Low - 20th Oct 17
Here’s the US’s Biggest Vulnerability in NAFTA Negotiations - 20th Oct 17
The Greatest Investing Lesson Learned from the 1987 Stock Market Crash - 20th Oct 17
Stock Market Time to Go All-in. Short, That Is - 19th Oct 17
How Gold Bullion Protects From Conflict And War - 19th Oct 17
Stock Market Super Cycle Wave C May Have Started - 19th Oct 17
Negative Expectations, Will the Stock Market Correct? - 19th Oct 17
Knowing the Factors Affect your Car Insurance Premium - 19th Oct 17
Getting Your Feet Wet In Crypto Currencies - 19th Oct 17
10 Years Ago Today a Stocks Bear Market Started - 19th Oct 17
1987 Stock Market Crash 30th Anniversary Greatest Investing Lesson Learned - 19th Oct 17
Virgin Media Broadband Down, Catastrophic UK Wide Failure! - 19th Oct 17
The Passive Investing Bubble May Trigger A Massive Exodus from Stocks - 18th Oct 17
Gold Is In A Dangerous Spot - 18th Oct 17
History Says Global Debt Levels Will Lead to Another Crisis - 18th Oct 17
Deflation Basics Series: The Quantity Theory of Money - 18th Oct 17
Attractive European Countries for Foreign Investors - 18th Oct 17
Financial Transcription Services – What investors should know about them - 18th Oct 17
Brexit UK Vulnerable As Gold Bar Exports Distort UK Trade Figures - 18th Oct 17
Surge in UK Race Hate Crimes, Micro-Racism, Sheffield, Millhouses Park, Black on Asian - 18th Oct 17
Comfortably Numb: Surviving the Assault on Silver - 17th Oct 17
Are Amey Street Tree Felling's Devaluing Sheffield House Prices? - 17th Oct 17
12 Real-Life Techniques That Will Make You a Better Trader Now - 17th Oct 17
Warren Buffett Predicting Dow One Million - Being Bold Or Overly Cautious? - 17th Oct 17
Globalization is Poverty - 17th Oct 17
Boomers Are Not Saving Enough for Retirement, Neither Is the Government - 16th Oct 17
Stock Market Trading Dow Theory - 16th Oct 17
Stocks Slightly Higher as They Set New Record Highs - 16th Oct 17
Why is Big Data is so Important for Casino Player Acquisition and Retention - 16th Oct 17
How Investors Can Play The Bitcoin Boom - 16th Oct 17
Who Will Be the Next Fed Chief - And Why It Matters  - 16th Oct 17
Stock Market Only Minor Top Ahead - 16th Oct 17
Precious Metals Sector is on Major Buy Signal - 16th Oct 17
Really Bad Ideas - The Fed Should Have And Defend An Inflation Target - 16th Oct 17
The Bullish Chartology for Gold - 15th Oct 17
Wikileaks Mocking US Government Over Bitcoin Shows Why There Is No Stopping Bitcoin - 15th Oct 17
How to Wipe Out Puerto Rico's Debt Without Hurting Bondholders - 15th Oct 17
Gold And Silver – Think Prices Are Manipulated? Look In The Mirror! - 15th Oct 17

Market Oracle FREE Newsletter

3 Videos + 8 Charts = Opportunities You Need to See - Free

How Much Value Does a Conservatory Add to Your Home?

Housing-Market / UK Housing May 27, 2014 - 10:13 AM GMT

By: Nadeem_Walayat

Housing-Market

Percentage added to home value of 50% to 133% of typical costs incurred. Typically £16k spent can convert into as much as a £22k increase in value, though this is very variable and can result in a loss of 50% of the costs incurred.

Whether a conservatory will add value to your home is not a clear cut decision as it depends on a number of factors such as the intended quality of build as the price for conservatories ranges from £5k at the low end for a wholly UPVC build bolted onto the back of houses to one built onto a dwarf wall of upto 30square metres in area that can cost upto £30k.


Conservatories fall under permitted developments, so should be built in line with the rules and regulations governing single story extensions without planning permission, with added advantage that they are exempt from building regulations if the floor area is not more than 30square metres, and that it is separated from the house by external doors and isolated from the central heating system.

Who should consider having a conservatory built ?

  • If you have a south facing garden and the area that the conservatory will occupy is not shaded.
  • If it will have limited impact on the size of your garden.
  • If your existing kitchen / dining area lacks space.
  • If you don't have a green house and intend on growing indoor plants.
  • If you have the budget for a professional build i.e. at least £12,500, avoid the cheap £5k sales pitches or DIY jobs as you will regret it.
  • If you could do with a space that could double as a children's play area for at least 6 months of the year.

Who should avoid Conservatories?

  • If the intended area for the conservatory is not south facing or is shaded by neighbouring trees / properties.
  • If you already have adequate kitchen / dining area space.
  • If you intend on occupying the space all year round i.e. as a home office.
  • If your building will require significant alterations i.e. to widen the doorway.
  • If you have a small garden.

Regular Maintenance

Conservatories require regular maintenance to prevent leaks, build up of algae growth on the roof panels and general disrepair which means that neglected conservatories instead of adding value will subtract value from your home.

Conservatories - Other Considerations

  • It will tend to get very hot in the summer and very cold in the winter.
  • A conservatory cannot be converted into a single story extension at a later date because the foundations are too shallow.
  • The roof is unlikely to be able to be converted to a wholly covered roof such as slate at a later date due lack of strength. Steer clear of roof replacement companies as they are a waste of money. The
  • The building will lack insulation, and the roof will leak heat in winter so will likely be very costly to heat during the winter months.
  • Many people that have had conservatories built will several years later tend to decide to demolish and rebuild with all year round use single story extensions.
  • It is highly probable that you will only recoup 50% of the cost when selling, so conservatories should be viewed more in terms of increasing quality of life rather than your homes value.

Cooling Conservatories in Summer

If you want to cool an existing conservatory in summer that has clear polycarbonate or glass roof panels then these are several cheap options -

  • First clean and then paint the polycarbonate or glass roof panels either inside with water based paints or preferably outside with weather proof gloss paint or more expensive reflective paint. Note that the paint will eventually flake off given the smooth surface, therefore you will probably need to repaint every year.
  • Attach solar reflective film to the panels and / or the windows.

Warming Conservatories in Winter

Various options are available from re-roofing and installing a layer of insulation to DIY jobs involving radiator reflector sheets glued to the underside of the polycarbonate panels. However none of these are cost effective and likely to make as much a difference (if any) as people expect, therefore it would be wiser to save the money spent on especially the more costly options to replace the conservatory with proper purpose built extensions.

Suggestions:

If you do decide to go with a conservatory then it is better to select the dwarf wall option which will likely cost at least £15k and probably over £20k depending on its area rather than the cheaper alternatives which are unlikely to add any value to your property due to short life span.

In the long-run it will probably be far better to go with a single story extension that would likely cost only an additional £5-10k on top of a £15-£20k spend as an extension will have a far longer life-span / hence value than even the best conservatories.

Ultra Cheap Conservatories

Want to know where you can pick up a cheap conservatory for typically under £1000 ?

Answer - Ebay. There is always a stream of home owners looking to get rid of their existing conservatories ahead of having an proper extension built. The auction sold prices range from as little as £1 for an old pile of rubble to as high as £1000 for a proper dwarf wall built conservatory, with the average sold price around £500, a fraction of the original cost.

The major drawback is that you will likely be expected to dismantle, transport and then erect the conservatory yourself, so it is only a job for someone very competent at DIY and with a lot of time on their hands.

For 14 more value increasing home improvements see the New UK Housing Market Ebook available for FREE DOWNLOAD (Only requirement is a valid email address).

      
   Top 15 Value Increasing Home Improvements
Page
     1. Home Extensions
191
         Permitted Developments
191
         Planning Applications
193
     2. Kitchens Sell Houses
196
     3. Renovate Bathrooms, Add En suites and Toilets
197
     4. Loft Conversions
198
     5. Convert Front Lawns into Driveways
200
     6. Extend Leases and / or Buy Freeholds
202
     7. Conservatories
203
         Who should avoid Conservatories?
204
         Cooling Conservatories in Summer
204
         Warming Conservatories in Winter
205
     8. Front and Back Garden Landscaping
205
         Front Landscaping, Cladding or Render
205
         Front Dwarf Walls and Metal Railings
209
         Back Gardens
213
     9. Replace Tired Old Garden Fences
214
     10. Tree's Danger, Inspection, Pruning and Removal
216
         Are Your Trees Too Close to Property?
217
         Solar Panels
217
         Tree Dangers
218
         Tree Preservation Orders
218
         Tree Inspection
218
         Hedges, Trees and Neighbours
220
         Cutting Your Neighbours Overhanging Branches
221
         Trees to Avoid Planting
222
         Dealing with Medium Height Trees (Under 10 metres)
222
         Dealing with Tall Trees (Over 10 Metres)
224
         Container Trees
226
     11. Going Green - Insulation, Green houses and Water Butts
228
         INSULATION
228
         WATER BUTTS
229
         GREEN HOUSE
229
     12. Storage Space Ideas
232
         Staircase
232
         Converted Lofts
232
         Garages
234
         Sheds
234
         Under House Storage
234
     13. Replace Flat Roofs with Pitched Roofs
235
     14. Quick Cheap DIY Ideas to Help Sell Your Home
237
         Replace Bland Old White Switches and Sockets
237
         Light Fittings
238
         Add or Renovate Neglected Flower Baskets
239
         Solar Lights
240
         House Signs and Numbers
242
         Air Fresheners
243
     15. Painting, Decorating, Cleaning and Maintenance
244
         Ceiling and Wall Plaster Cracks
244
         Painting & Decorating
244
         Carpet Stains
246
         Water Leaks and Maintenance
247
         Exterior Brick Walls Holes and Mortar Repair
248
         Exterior Painting
250
         Decking, Fencing, Garden Furniture and Railings
251
         Lawns
254
         Driveway Pressure Washing and Sharp Sanding
255
         Roofs
256
      
  Home Improvements to Avoid
258
     1. Swimming Pools & Garden Ponds
258
     2. Solar Panel Installations
260
     3. Garage Conversions
262
     4. Children's Play Equipment and Areas
264
     5. Basement Conversions
267
 

New Housing Market Ebook - FREE DOWNLOAD

The housing market ebook of over 300 pages comprises four main parts :

1. U.S. Housing Market Analysis and Trend Forecast 2013-2016 - 27 pages

The US housing market analysis and concluding trend forecast at the start of 2013 acted as a good lead exercise for the subsequent more in-depth analysis of the UK housing market.

2. U.K. Housing Market Analysis and House Prices Forecast 2014-2018 - 107 pages

The second part comprises the bulk of analysis that concludes in several detailed trend forecasts including that for UK house prices from 2014 to 2018 and their implications for the outcome of the next General Election (May 2015) as well as the Scottish Referendum.

3. Housing Market Guides - 138 Pages

Over 1/3rd of the ebook comprises of extensive guides that cover virtually every aspect of the process of buying, selling and owning properties, including many value increasing home improvements continuing on in how to save on running and repair costs with timely maintenance tasks and even guides on which value losing home improvements should be avoided.

  • What Can You Afford to Buy?
  • Home Buyers Guide
  • Home Sellers Guide
  • Top 15 Value Increasing Home Improvements
  • Home Improvements to Avoid
  • Home Winter Weather Proofing 22 Point Survey

These guides will further be supplemented from Mid 2014 onwards by a series of online videos and regularly updated calculators such as the Home Buying Profit and Loss Calculator, which will seek to give calculations on whether to buy or rent based on personal individual circumstances, that will be updated to include the latest expected trend trajectories for future house price inflation i.e. you will have your own personal house price forecast.

4. Historic Analysis 2007 to 2012 - 40 pages

A selection of 10 historic articles of analysis to illustrate the process of analysis during key stages of the housing markets trend from the euphoric bubble high, to a state of denial as house prices entered a literal free fall, to the depths of depression and then emergence of the embryonic bull market during 2012 that gave birth to the bull market proper of 2013.

FREE DOWNLOAD (Only requirement is a valid email address)

Source and comments: http://www.marketoracle.co.uk/Article45770.html

By Nadeem Walayat

http://www.marketoracle.co.uk

Copyright © 2005-2014 Marketoracle.co.uk (Market Oracle Ltd). All rights reserved.

Nadeem Walayat has over 25 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Housing Markets Forecast 2014-2018The Stocks Stealth Bull Market 2013 and Beyond EbookThe Stocks Stealth Bull Market Update 2011 EbookThe Interest Rate Mega-Trend EbookThe Inflation Mega-trend Ebook

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

Nadeem Walayat Archive

© 2005-2017 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

Catching a Falling Financial Knife