Home buyers will pay more for a gardenSome will pay £10,000 extra for outside space
10 August 2007
Home buyers are prepared to pay an average £10,000 extra to secure a property with a garden, a survey showed today.
Eight out of 10 said they would be prepared to pay more for a house with a garden, according to Halifax Estate Agents.
One in 10 people said they would be willing to pay a premium of £20,000 to get a garden, while 4 per cent were prepared to pay more than £30,000.
Married couples were more likely to want a garden than those who are single, with 84 per cent of married couples prepared to pay more for some outside space, compared with only 67 per cent of single people.
Those aged between 35 and 44 were also more likely to value a garden while only two-thirds of people aged between 16 and 24 said they would be prepared to pay extra.
Colin Kemp, Managing Director of Halifax Estate Agents, said: ‘Our research shows that many of us will pay a premium for a property with a garden.
‘Making the most of your home's outside space could add real value and maximise any sale price.’
GfK NOP questioned 1,000 people during June.
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