Got clever storage? It could increase your house value by £12,500
New research reveals that the vast majority of home buyers think storage is important – and they are prepared to pay for it
If you still think that gardens are the most desirable house feature to home buyers, think again. Recent research shows that, having spent so long in our homes over the past year and a half, we have come to value something much more practical – good storage.
It's no secret that successful storage solutions for small spaces (and even for larger spaces) can make an enormous difference to how we use our homes. We all have a lot of stuff these days, and it really matters that we have somewhere convenient and well-designed to put it.
UK homebuyers will pay more for storage
To find out just how valuable storage has become to us, fitted furniture specialists Hammonds Furniture surveyed 2,000 Brits on how much more they’d be willing to pay for a home with ample storage space – and what type of storage they considered the most important.
The results are impressive. The average person looking for a new home will happily pay over £12,500 for spacious storage, and the vast majority (84 per cent) classed home storage to be 'essential', or 'very important when looking for a house. In fact, for 28 per cent of house hunters, storage is more important than a home office. This makes sense – no matter how nice your home office is, if you haven't got anywhere to put your stuff, the experience of working from home is unlikely to be productive or enjoyable.
Shockingly, for one in six (15 per cent) good storage trumps even a garden. Many would rather have a clutter-free home than one with outdoor space. Storage was routinely prioritised by respondents over en suites and even refurbishments.
In terms of the storage types that are deemed the most desirable, a garage is the most sought-after storage option, with 42 per cent of respondents prepared to pay more for one. Spare bedrooms and utility rooms were also cited as very desirable, with 42 and 40 per cent respectively prepared to put in a higher offer for properties that offer this extra storage space.
Kirsty Oakes, Head of Product and Marketing at Hammonds Furniture, gave a top tip to home owners who don't currently have extra storage space to offer to buyers: 'you may consider altering lesser-used spaces, such as rooms with sloped roofs or adding under stairs storage. There are lots of different storage solutions out there, such as wardrobes for awkward spaces, and installing these can be a great way to offer more room for your things, and add value to your home without losing valuable ''living'' floor space.'
Get the Ideal Home Newsletter
Sign up to our newsletter for style and decor inspiration, house makeovers, project advice and more.
Anna Cottrell is Consumer Editor across Future's home brands. She moved to the world of interiors from academic research in the field of English Literature and photography. She is the author of London Writing of the 1930s and has a passion for contemporary home decor and gardening.
-
It’s normally impossible to find a Dyson vacuum for under £250 — but QVC has slashed the price of their bestselling models for a limited time
Run don’t walk to pick up the brand’s bestselling model for under £230 before it sells out
By Lauren Bradbury
-
How to remove algae from a fence — 4 methods that will banish the green and prevent wood rot
You don’t have to replace a fence if it’s covered in algae. Here's what to do…
By Kayleigh Dray
-
I wish I'd known about these 4 things before I bought my Le Creuset – here's how you can learn from my mistakes
Here's how to make sure your Le Creuset will still be your most-used pan in a decade
By Molly Cleary