In terms of the desire of the world to the natural conditions of life and sustainability of living space, is as relevant as ever and demand was the placement of gardens and terraces on roofs of houses in London. Gardens and terraces on roofs of houses can lead to an increase in the value of the property by 30% or more, especially in popular areas of London.
In anticipation of summer, many owners of houses visited this week, “Chelsea flower Show”, which celebrates its 100th anniversary. Many buyers are focused on the cultivation of open spaces.
According to agents of the company “March and Persons”, two comparable object within the same region can differ in price if one of them has a garden or terrace. If it’s a nice location in London with a garden on the Sunny side, its cost may be 20% higher than the same without a garden. Balconies, gardens and rooftop terraces are an essential and very valuable advantage in the eyes of the buyer.
Moreover, the presence of a rooftop terrace or garden can instantly increase the value of the property. And in the height of summer it’s difficult to sell a house without a garden.
People in London to miss communication and the presence of a garden is the ability to invite friends to BBQ and spend more time with friends is also an essential part of life of Londoners.
In the analysis, the company examples of how this can change the cost of an apartment in London depending on the presence of the open garden. So, in the Notting hill flat with two bedrooms will cost £ 30000 more expensive than another comparable apartment in the same house, but no garden. Having your own balcony can raise the price of a flat in London 5%
Another example LillieRoad in Fulham, West London, where the cost of a two bedroom apartment without a garden is £ 470000, but the exact same apartment with a terrace on the roof cost £ 650 000, which is equivalent to 38% – this is the more expensive apartments , which includes a rooftop terrace.
The gardens, cultivated the land, creating a different kind of problem. Homeowners and agents are constantly faced with the growing problems associated with the construction of the gardens in the wrong places without permission, resulting in costly work to restore them to their original state.
However, people still try to elevate the ground. There are examples when without the consent of the owners of the created ponds, installed floorings and coatings, as well as large barns and greenhouses.
Under the law, to decide whether additional improvements on the site, is it possible to build additional elements can only host. Therefore, tenants should obtain written permission to produce any improvements.
® Alice Morgan. 22.05.2013
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