A Cost-Effective Way to Increase Your Property Value
Data reveals that many of us are spending more time at home, sparking a boom in home improvement and renovations.
In fact, Australians have invested more money on home renovations during the pandemic years than at any other time since records began 50 years ago¹.
According to Suncorp lending data, Victorians were the biggest spenders, with the highest average renovation costing $71,067, followed by Tasmania at $67,416, New South Wales spending an average of $66,609 and Queensland at $60,560².
With more families looking to increase their living space, many Aussies have found that a Melwood is one of the most cost effective options in lieu of extensions. Did you know, you can add up to an extra 20 square metres of space to your backyard for a third of the cost of a renovation? In some circumstances in NSW, council exemptions can also apply, so you can potentially bypass the lengthy DA/CDC process.
And here’s the best part: a Melwood cabana or garden room can increase your property value. How much value could one of your structures add to your property? It’s impossible to give an exact figure, however, we can give you an example of a previous customer in Sydney, NSW with their property valued and sold for $225,000 more with a Melwood cabana installed.
Fred’s Outdoor Media Room is the Melwood Mod Cabana No.12, which measures 3.6m x 3.2m.
When Covid-19 hit, we were all blind sighted. For Northern Beaches couple Fred and Deborah, however, they were well equipped to handle the upheaval.
“We didn’t anticipate COVID-19, but having had the cabana and the technology all installed about 12 months prior to the pandemic left us well prepared for the challenges posed by having more people working and studying from home than usual during the lockdown.”
They opted for a Melwood Mod 12, measuring 3.6×3.2m, providing plenty of space for an outdoor media room and office space.
Fred says his Melwood media room has been a blessing with more family studying + working from home since the pandemic.
Even under normal circumstances, as the pressures of life pile on, families grow and take on more responsibilities, so too do homes need room to grow.
Melwood customer Matt found a practical and cost-effective solution to his crowded house. He decided on the Melwood Verandah 19, measuring a generous 7.2m long and 2.6m wide.
“This is the best decision we’ve made in ten years and it now means we’re no longer looking to move house,” Matt explained.
Matt opted for a Melwood Verandah No.19, measuring 7.2m x 2.6m creating more space for his family
By adding a Melwood Cabana to the backyard, Matt has created more space for his family to enjoy.
“There are six of us, two adults and four kids between 10-19 years plus a beloved canine. The cabana has changed our way of life so much and for less than the cost of a new car. It’s also added value to our home.”
Matt and his whole family enjoy the extra room in the backyard. The Garden Room measures 7.2m x 2.6m
Property Consultant Edwin Almeida says he is witnessing a demand for homes with extra space.
“In our search for property for clients – both owner occupiers and investors, we see more buyer competition for homes with that extra space. A large portion of homes that take advantage in creating ‘living and getaway space’ are snapped up quickly. This trend is both evident with properties for sale as well as for rental.”
So, if you’re feeling the pinch of limited space on your property and are searching for options – whether to knockdown rebuild, renovate, extend or a combination of some, consider the most affordable option for Australian families: a Melwood garden room. A backyard cabana can be installed in as little as one day by a tradie or DIY, can potentially increase the equity of your property and will mean you don’t have to move neighbourhoods.
