Do conservatories add value?

elDeeJay

having just bought a house which already has an extension, one of my first projects will be to build a nice garage, which i'm told will add several thousand pounds to the value of my house.
Long term, I've always liked the idea of a conservatory - this house is ideally suited to a large conservatory on the side of the house, but I was recently told that paying for a conservatory is 'dead money' as it wont add a penny to the value.
I was under the impression that "adding rooms = adding value", so thought a conservatory would do just that. however, i've been told that a conservatory is the same as building a swimming pool in that neither adds any value to a property.

is this true?

Skiduck

you could recoup nearly 3/4 of the value of the conservatory when you sell - that's what the market says anyway.

SAP_Saver

Depends on the amount of money you spend on the thing. If you spend £3/4k on a house that s worth £180k today it may push the price to £190k? if you spend £12k on the £180k today it may only push the price to only £190k?

More importantly if you want one and can afford it - do it! it is an extra room and a nice addition to a home if tastfully done!

I would suggest doing it yourself/get a friend in the business to do it rather than getting one off the regular conservatory fitters. If you do have to go down the comercial route get 3/5 quotes and then barter them down in the regular MSE way!

Good luck

bunking_off

Two (identical) houses gone on the market up the street from me in the last week. Decor, plot size very similar.

One has a conservatory fitted - £230k. The other doesn't - £225k. Around here, conservatory of the type fitted goes for approx £7k installed, so that implies approx 70% of costs recouped.