Do log cabins add value?
Discussion
StuTheGrouch said:
It would make the house more appealing, in my eyes, but I wouldn't pay extra for the house because of it (unless my plan was to buy a house and build one myself).
So 2 identical semis on a street - let's say they are attached to one another in identical decor same plot size one has clearly a £20k lovely log cabin the other 5-6m more lawn. Would you pay £30-50k more for it.
Welshbeef said:
So 2 identical semis on a street - let's say they are attached to one another in identical decor same plot size one has clearly a £20k lovely log cabin the other 5-6m more lawn.
Would you pay £30-50k more for it.
The house would be more appealing but no, i'd not pay that much more for itWould you pay £30-50k more for it.
Welshbeef said:
So 2 identical semis on a street - let's say they are attached to one another in identical decor same plot size one has clearly a £20k lovely log cabin the other 5-6m more lawn.
Would you pay £30-50k more for it.
Absolutely not 30-50k more for something not integral to the house itself. No way.Would you pay £30-50k more for it.
Welshbeef said:
Let's say log cabin all in is £10-15k would you see at least that value added to the house price ?
I assume "all in" includes all of the equipment and furniture. Most people will just see it as what it would be on completion day which is a big, empty shed.At most, you will get back the raw material costs of the empty shell.
Welshbeef said:
StuTheGrouch said:
It would make the house more appealing, in my eyes, but I wouldn't pay extra for the house because of it (unless my plan was to buy a house and build one myself).
So 2 identical semis on a street - let's say they are attached to one another in identical decor same plot size one has clearly a £20k lovely log cabin the other 5-6m more lawn. Would you pay £30-50k more for it.
Welshbeef said:
aspender said:
Absolutely not 30-50k more for something not integral to the house itself. No way.
Let's say the house price without is £650-700k Im going to buck the trend a bit here and say that yes it would add value.
If there were 2 identicle houses on the same street, one had a cabin and one didnt.
If the cabin would cost say £20,000 to build, and the property with the cabin was £10,000 more, I would buy the one with the cabin
If it was £20,000 or more more, I would buy the one without and build one myself, to my spec and all brand new.
So yes it would add value, but its not going to be an investment, you will never make the money back, let alone profit.
If there were 2 identicle houses on the same street, one had a cabin and one didnt.
If the cabin would cost say £20,000 to build, and the property with the cabin was £10,000 more, I would buy the one with the cabin
If it was £20,000 or more more, I would buy the one without and build one myself, to my spec and all brand new.
So yes it would add value, but its not going to be an investment, you will never make the money back, let alone profit.
I am building a log cabin shortly and it will be used as a workshop. My garden is not that large so wanted something that looked nice, a traditional shed would be to imposing and would look like something from Stalig 17.
It's not been done to add financial value but better use of the space I have. I think it would make the house more saleable e.g. more usable space.
I also have one of those nailed on conservatories! Which will be in a skip soon....
It's not been done to add financial value but better use of the space I have. I think it would make the house more saleable e.g. more usable space.
I also have one of those nailed on conservatories! Which will be in a skip soon....
Welshbeef said:
StuTheGrouch said:
It would make the house more appealing, in my eyes, but I wouldn't pay extra for the house because of it (unless my plan was to buy a house and build one myself).
So 2 identical semis on a street - let's say they are attached to one another in identical decor same plot size one has clearly a £20k lovely log cabin the other 5-6m more lawn. Would you pay £30-50k more for it.
Why on earth would I pay 50% plus more than the cost of the log cabin??? If one house was demanding that much extra then without a doubt I would buy the other house.
In your example I might pay £5-10k more, BUT only if I wanted a log cabin in the first place. Also depends on how much of the garden the log cabin takes up- I like a garden so if the log cabin dominates the garden then I wouldn't even consider the property if another identical house (minus log cabin) was available.
Welshbeef said:
Let's say log cabin all in is £10-15k would you see at least that value added to the house price ?
The 'house price' is simply what a particular buyer is willing to pay for it. Thus whether the log cabin adds value is simply a produce of whether your buyer values it.
Had a similar conversation with the inlaws about how their newly build stable will add value to their house.
To a few it is a benefit, but to the rest the effect can actually be opposite and more like:
"The house is great but we'll be paying for the X we won't use.'
Welshbeef said:
aspender said:
Absolutely not 30-50k more for something not integral to the house itself. No way.
Let's say the house price without is £650-700k Gassing Station | Homes, Gardens and DIY | Top of Page | What's New | My Stuff