Today we are going to answer the question, “Do storage sheds add value to a home?”
For over two generations, we have been building high quality, fully customizable portable buildings and we would love to customize one for you too.
Generally speaking, storage sheds do not increase the value of your home by much. However, certain types of sheds can increase your home’s value by as much as $15,000. Let’s get started and learn more!
Do Storage Sheds Add Value to Your Home?
As we said above, usually storage sheds do not add value to your home, however, there are certain types of sheds that will add value. Keep in mind the opposite is also true; certain types of sheds can detract from the value of your home.
Storage Sheds that Will Add Value to Your Home
Storage Sheds That Add Extra Living Space
If your storage shed actually adds extra living space to you home, such as a granny flat or in-law suite, then depending on the appraiser, the condition of the space, whether it is livable, and if it has the proper permits, it can add value to your home.
In an article by Homelight, Florida real estate agent Mike Lombardo says “…there are typically three types of sheds: a traditional shed to store tools and your lawnmower, the man cave or she-shed recreational building, and an extra living space for aging parents. The [latter type of shed that provides extra living space] can add up to $15,000 value, but an appraiser may not give you value for it depending on how it’s permitted and if the appraiser deems it livable…”
Storage sheds with livable space will add value to your home
Storage Sheds With a Smaller Home
If your home is smaller and has limited storage space, then a storage shed could add some value, but it will also add marketability to your home. According to an article found in Homelight, Oregon appraiser Jerin Harper states, “It’s difficult to measure the contributing value for a shed. On smaller houses (less than 1,500 square feet) a shed may have some value, but the value will only be around 1 to 2% of the overall value of the property.”
Home With No Garage or a Small Garage
If your home has no garage or a very small garage, then a well-maintained storage shed can provide the extra space needed to store all the items and tools that you would normally store in your garage.
Storage sheds can be used as a garage if you don’t have one
A Custom-Built Shed That Matches Your Home
To add the most value to your home, get your shed custom-built to match your home. For example, if your home is white with blue trim, make sure that your shed is painted the same colours. Another way that you can match your shed is by making it fit into the landscaping in your back yard. For example, if you have a old-English style garden, then choose a quaint storage shed that fits in with this theme.
Choose a shed that will match your home or garden
Storage Sheds That Will Take Away Value From Your Home
Storage Sheds That Are Not Well-Maintained
A storage shed that is falling apart, rusting, or rotting can take away value from your home. It will also be less attractive for any potential buyers. They will see your shed as an eye-sore as well as a liability that they will have to take the time and money to remove if they buy your property.
Lower Quality Storage Sheds
A cheaper storage shed that hasn’t been constructed well will not add value to your home and may even take away value.
An old run-down shed will take value away from your home
Storage Sheds That Do Not Have a Permit
If you built your storage shed without the proper permit, then your shed could also be a liability. You municipality could request that it be taken down at any time if it was put up without the right paperwork or without following the guidelines for building storage sheds.
Storage Sheds That Are Not On a Foundation
If your storage shed is not on a foundation, it will not add value to your current home as you are able to take it with you if you move and it’s not considered part of the property. A permanent storage shed building can add value.
Portability, however, is a great feature for you if you want to move your shed to your new home!
You can take a portable shed with you when you move
Storage Sheds Can Add Marketability to Your Home
Even though your storage shed may not add to the selling price of your home, it can still help you sell your home by adding to its marketability. If your home is priced the same as another one, then having a high-quality, attractive storage shed could make your home more desirable than another home that doesn’t have a storage shed.
Average Cost of Sheds
According to Homeadvisor, the national average cost to build storage sheds is around $3,048, with the typical range falling between $1,678 to $4,646. However, you can find cheaper, lower quality sheds for as little as $450 and you can spend up to $7,000 or more on a top-of-the-line, large, customized shed.
The price of your shed will also depend on the type of material that it is constructed from. Metal sheds cost on average between $300 and $2,000, Vinyl sheds cost on average between $800 and $5,000 while wood sheds cost on average between $600 and $3,000.
If you invest $3,000 to $5,000 in a high quality shed that has the proper permits and is designed to be an extra living space, then your investment is well worth it as this type of shed can add up to $15,000 to the value of your home.
If your current shed is run-down, unattractive, and clashes with the style of your home then it may be a good time to consider replacing it with one that will add marketability and usability.
So, if you are planning a move in the near future, you should either consider investing in a shed that has extra living space to help increase the value of your home or invest in a type of shed that is portable and you would like to take with you.
Classic Buildings: Storage Sheds That Will Add Value and Marketability
If you are looking for high quality, beautiful storage sheds that will add value to your home, then contact Classic Buildings. Purchasing a high quality, custom crafted shed doesn’t have to cost you a fortune. Contact Classic Buildings today or visit the location nearest to you and find out how easy it is to rent-to-own your own beautiful wooden shed. We provide financing and most people can even qualify for $0 money down!
Remember, before buying a shed you should be aware of the shed permit requirements of your municipality. Sometimes permit requirements depend on the size of your shed.
Classic Buildings has locations throughout the Midwest, including various Missouri cities (St. Louis, Arnold, Columbia, St. Charles, Rolla, Linn, Springfield, Jefferson City, Kansas City, and Washington Missouri). We are located in Swansea, Illinois and Kansas and deliver throughout the Midwest, and, in some cases, nationwide!
“It was a pleasure working with confident and qualified people. The workmanship and materials are second to none…I would recommend Classic Buildings to anyone who requires a building for storage, recreation or whatever your needs are.”
– Mike Dinello
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