In short, yes, sheds add value to a home. Sheds are versatile and can enhance your property's appeal and functionality.
To increase home value with a shed, choose one that complements your home's aesthetics. While many use sheds for extra storage, they can boost property value when well-built and adequately placed. So, how much value does a shed add? Let's explore.
Is Having a Shed a Good Investment?
Having a shed enhances the overall aesthetics of your home, provides extra space, and increases its attractiveness to real estate agents if you plan to sell in the future. Moreover, a well-built shed can serve as additional living space. Properly maintained, a visually appealing shed adds significant value to your home.
How Much Does It Cost to Build a Shed?
Building a shed can cost anywhere from $400 for a small one to $30,000 for a large shed with high-quality materials. The national average ranges between $2,000 and $10,000, similar to the cost of smaller homes. The cost depends on the design you choose, the materials used, and the intended purpose of the shed. Whether you opt for a prefab kit or hire a professional to build it can also impact costs; although DIY kits may save money, they require more time and effort.
Other cost factors include:
- Type of building materials (wood, vinyl, brick)
- Labor costs
- Land preparation
- Shed size
Consider these factors carefully when planning your shed project.
How to Make Your Shed Boost Your Home's Value
To maximize the value a shed adds to your home, follow these essential steps to enhance its appeal to potential buyers:
Get a Building Permit: Ensure you obtain all necessary permits before constructing your shed. Proper permits may recognize their value during appraisals or inspections, potentially affecting your home's sale.
Keep Your Shed in Good Condition: A well-maintained shed enhances curb appeal and buyer interest. Regular upkeep and repairs ensure it is within your home's overall appearance.
Ensure Aesthetics Match: Choose shed colors and designs that complement your home and surroundings. Avoid clashing colors or styles that could detract from the property's appeal.
Maintain a Modern Exterior: Keep the shed's exterior updated and visually appealing. A modern appearance reflects well on your property and attracts potential buyers.
Build on a Strong Foundation: Construct your shed on a sturdy foundation to ensure longevity and proper integration into your property's value.
Use High-Quality Materials: Opt for durable, high-quality materials when building or renovating your shed. Quality construction materials enhance durability and aesthetic appeal.
Provide Adequate Space: Design your shed with enough space to serve various purposes effectively. A well-proportioned shed can increase the overall functionality and appeal of your property.
Build Your Shed with Adequate Space: When constructing your shed, consider adding extra space beyond your initial plan. Space requirements may vary among owners, so aim for a size that's neither too large nor too small. Generally, larger sheds tend to offer a better return on investment.
Following these steps can make your shed a valuable asset that enhances your home's attractiveness and marketability.
Types of Sheds That Increase Home Value
Various kinds of sheds can increase your home's worth, as discussed below.
Storage Sheds
Storage sheds can significantly increase your home's value if they provide extra living space that's sizable enough to be considered a new home. It can add up to $15,000 to your property's appraisal value. If an appraiser deems your shed livable, it can enhance your home's overall worth.
Home Garden Sheds
Home garden sheds offer additional storage space and enhance the exterior design of your property. They are attractive to many homebuyers and can complement the overall aesthetic of your backyard.
Personal Workshop or Office
Customizing sheds as workshops or offices can attract potential buyers and increase your home's selling price. These spaces add functional value and appeal to those needing extra room for work or hobbies.
She-Sheds
While she-sheds serve as personal retreats, they can also be designed to serve other practical purposes, such as storing garden tools. Their value depends on buyer preferences, so ensure flexibility in design to appeal to a broader market.
Man Cave
Similar to she-sheds, man caves add value based on buyer preference. Depending on their size and setup, they can be repurposed as additional living spaces or used for various hobbies.
Small Garage
For homes lacking traditional garages, larger sheds can provide essential storage space for tools, gardening equipment, and vehicle parking. They offer versatility and functionality that appeal to potential buyers looking for extra storage or workspace.
Each type of shed can enhance your home's value depending on its functionality, design, and integration with the property's overall appeal.
Do All Sheds Increase Home Value?
Not every shed will boost property value. It mainly depends on the shed's design, maintenance, and how well it fits into your property's overall look. A well-designed, well-maintained shed can enhance your home's worth, especially if it complements your backyard and house aesthetics.
Can a Shed Decrease Your Home's Value?
Yes, a poorly maintained shed can lower your home's value instead of adding to it. A sinking or neglected shed may deter potential buyers from paying the total value of your property.
Conclusion
In conclusion, a shed can indeed increase home value. Considering building one for its added value, it's essential to consider the abovementioned factors before investing time and money. Additionally, check with local authorities to ensure compliance with regulations.