Perhaps you’re eyeing an outdoor upgrade, like adding a backyard shed. Inspired by the wave of trendy potting sheds, she sheds, man caves, mini guest homes, or outdoor playhouses? Or maybe you simply need a tool shed for extra storage. If you’re prepping to move, you might be wondering if your wooden shed will be an asset or a liability. Let’s dive in.
An Asset or a Liability?
Fact is, adding a backyard storage shed isn’t as easy as picking out a new breakfast cereal. That’s probably why you’re here, seeking the answer to the big question: "Will a shed increase my property value? Will it attract buyers or scare them off?"
The short, somewhat frustrating answer is yes, but under certain conditions. Unfortunately, just having a shed won’t automatically boost your property’s value. But don’t fret—there are ways to make your shed a valuable asset.
Sure-Fire Ways a Shed Will Increase Your Property Value
1. Get a Permit (If You’re Planning to Build)
Without a permit from your local township, your shed can become a liability when you sell. Always check with local authorities to ensure that your shed is legal and you’ve got the proper paperwork. No permit means no value added.
2. Set Your Shed on a Foundation
A shed without a foundation is often considered an accessory, which means it won’t be included in your home’s appraisal. It’s like a fancy picnic table—moveable and not a permanent structure. Ensure your shed has a solid foundation to be counted as part of the property.
3. Harmonize with Your Home’s Aesthetics
The look of your shed matters. A tan house with a bright orange shed? Potential buyers might cringe. Aim to match your shed’s colors and materials with your home. A cohesive look can add charm and value to your property.
4. Choose Quality Over Cheap, Cookie-Cutter Sheds
A cheap, mass-produced shed isn’t going to impress anyone. Invest in a high-quality, custom-built shed. The materials and craftsmanship should speak for themselves. A well-built shed stands the test of time and adds lasting value to your property.
5. Create Charming Curb Appeal
Curb appeal isn’t just for your house—it’s for your shed too. Ensure your shed’s location enhances your yard’s overall look. Keep it orderly and well-maintained to create a positive impression. Both buyers and appraisers notice the effort.
6. The Inside Matters Too!
Don’t neglect the interior. Keep it organized with shelves and workbenches. Clean it up, maybe even add some pleasant scents. A well-maintained shed, inside and out, speaks volumes about its value.
Not All Sheds Are Created Equal
Does the type and use of your shed affect its impact on property value? Absolutely. Here’s a quick breakdown:
Living Quarters: Potentially adds up to $15,000
Tool Shed: Also increases value by 1-2%
In a Nutshell…Will a Shed Increase My Property Value?
A typical tool shed might not dramatically boost your home’s value. But if your shed is high-quality, sits on a solid foundation, and enhances curb appeal, it can certainly increase your property value. And if you turn it into living quarters, the value increase can be substantial, though not necessarily more than the cost of renovation.
Check out Maco Structures' quality, custom-built sheds and start adding value to your home today!