News - Home/garden office increases house value

February 21, 2007 by kotoman

Research carried out by Enterprise Nation and Homefinder UK has confirmed that having a home office or garden office can increase the value of your property by at least £25,000.

It pays to work from home
A comparison of house prices across the UK has confirmed that it really does pay to work from home with increases in property values ranging from the smallest differential of £2,450 through to a whopping £80,000. This is an £80,000 difference in the amount being offered for two similar houses located in the same area yet one with a home office and the other, woefully without.

Freya Bletsoe, Director at Homefinder UK Ltd and co-author of the research said “These results show that not only can you save on costs through working from home, you can also earn a significant sum, just through the rise in property value. If you had not thought about homeworking before, then think again!

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And in the garden
The same value-added applies to having a garden office. Nick Hopewell-Smith, Chairman of Henley Garden Buildings Ltd confirms that the residual value of the company’s buildings can add anything from 3-5% to the value of a conventional property. In some cases estate agents have attributed a value increase more than twice the full retail price of the Henley building concerned.

With the evidence clearly pointing to the economic benefits of working from home, what are you waiting for?!

Source: Enterprise Nation