'Naff' conservatories are bringing down house prices
Though conservatories were once the ‘in’ thing, experts now say having one is damaging your house value.
In fact, it’s estimated that property prices could come down as much £15,000 when trying to sell if you’ve got a conservatory on the back.
Estate agents are now seeing homeowners trying to remove these unsightly additions, to avoid putting off buyers.
The glass (or plastic) DIY extensions had their heyday in the early noughties, popular because they added more space to a home with little cost.
Decades on, that money saving expansion exercise has ended up being more costly.
They’re viewed as being dated and energy-inefficient – and some buyers are even outright rejecting homes with them attached.
The number of homes coming on to the market with conservatories plummeted by 52% between 2012 and 2022, according to Rightmove.
In 2006, half a million were built – fast forward to 2017, only 77,000 were. This is a drop of 84%.
Chris Hodgkinson, managing director of the House Buyer Bureau, says a conservatory is ‘effectively useless’, given they’re hot in the summer and cold in the winter.
‘An outdated conservatory can be an eyesore which will cause an immediate bad first impression, particularly with younger buyers,’ he adds.
‘If it’s not in keeping with the overall style of your home, it acts as a buying deterrent.’
He also says buyers ‘may see it is an expensive problem that needs fixing – demolishing a conservatory alone comes in at £2,000’.
A buyer will factor this in when putting in an offer on a home, likely unfavorably.
Although, experts say a ‘good’ conservatory could add 5% to the property value.
James Powell, of the York estate agent Hunters, says homebuyers are looking for well-insulated extensions.
‘We’re seeing people turn their conservatory into another room or taking the traditional glass or plastic roof off and replacing it with a proper roof,’ he says. ‘They are just quite unusable otherwise.’
Most conservatories can’t have radiators as part of the home’s central heating, due to building permissions – so heating it adds further to bills.
Josh Avis, of Phillip Mann estate agents in Seaford, East Sussex, says: ‘What people want now is part brick-built conservatories or proper rooms rather than conventional conservatories with glass panels.
‘Houses with pitched roofs with skylights are also becoming a lot more popular as an alternative.’
The other risk is that the foundations on conservatories aren’t as deep, and therefore as more prone to damage.
It’s not a good time to sell if you have one.
Do you have a story to share?
Get in touch by emailing [email protected].
Source: Read Full Article