detached structure

How Much Value Does a Detached Structure Add to Your Home?

The number of homeowners embarking on renovation projects has increased during the pandemic. In a Houzz report summed up on CNBC, it was revealed that there was a 58% annual increase in project leads for home professionals last year. Indeed, it is now apparent that being stuck at home for prolonged periods of time pushed many homeowners to re-evaluate their living spaces and take on improvement projects to improve their lives at home.

But aside from making your home more functional or better suited to your lifestyle, home renovation projects can also increase the overall value of your home. That’s the point we want to focus on here, specifically with regard to adding detached structures.

How much will a detached structure add to your home’s overall value?

There are a lot of different detached structures that you can add to your home. Essentially, a detached structure is just any permanently installed structure that is separated from your home, but not from your property. Garages, gazebos, and sheds, for instance, are common examples.

Naturally, value added depends largely on what sort of structure you wind up building, as well as how large, practical, or well made that structure is. To give a general idea though, numbers show that adding a detached garage adds about 65% of its original value to that of the home during resale. You can expect the added value of other detached structures to fall around the same number, in relative terms. Furthermore, you also have the option of researching what features or functions might be most “in demand” for a given structure, and focus on those to enhance ROI marginally.

How to maximize your investment

Building a detached structure is also an investment that comes with risks. If you don’t plan thoroughly, you might ultimately be left with a structure that’s more of a liability than an asset. To make the most out of your home renovation project then, and maximize that ROI down the road, start by thinking about how you can fund your detached structure.

There are a lot of ways to finance a home renovation project, but the two options that are usually chosen by homeowners are home equity loans and personal loans. An article on Marcus explains the distinction between the two, with home equity loans typically involving lower interest rates and better terms than personal loans. That said, a home equity loan also demands that you list your home itself as collateral –– meaning that failure to make repayments can result in foreclosure. On the other hand, personal loans have no collateral requirement and can be obtained simply and quickly. Choosing between the two is a matter of personal preference based on financial circumstances and tendencies. But it’s important to decide how you want to finance your renovation project early on, one way or another.

Aside from funding, there are also some additional considerations to keep in mind with regard to maximizing your investment. How your location will affect the detached structure, for instance, is definitely worth thinking about. Consider as an example that external garages in areas with harsh winters will need more robust heating systems –– adding to initial cost, but also resale appeal.

You should also think carefully about the aesthetic of your detached structure. While it might seem tempting to keep up with the latest design trends, it’s best to choose one that can stand the test of time. A post on Architectural Digest lists some foolproof design trends that can help get you thinking along the right lines, with ideas like subway tiles, exposed brick, and wide-plank oak floors all being potentially applicable to a detached structure.

Conclusion

All in all, a detached structure can be a great addition to your property if you want to increase its value and gain extra living space at once. It’s an involved project, but a manageable one if you give it proper consideration.

For more informative and inspirational posts on detached structures, please feel free to continue exploring our blog here on Ulrich Lifestyle.

 

Article specially written for ulrichlifestyle.com

By Ashley Royce

Be an Ulrich Insider

Be the first to hear about new products and specials by becoming an Ulrich Insider. Plus, stay in the loop with helpful tips and ideas for your lifestyle needs, wants, and dreams.

© 2022 Ulrich Lifestyle Structures LLC. – All Rights Reserved.  |  Privacy Policy

Find Locations

Ulrich is the nationwide manufacturer and retailer of Storage Sheds, Garages, and Cabins. Find an Ulrich Retail Location near you.

Ready to Get Started?

Contact Your Designer

Get Started

Free Design Consultation

Raving Fan

Our Proven Process™ will make you a Raving Fan from Discovery to Installation.

  • Complete a feedback survey to ensure we met your expectations
  • Become an Ulrich Showcase Customer
  • Have your project highlighted on Ulrich TV
  • Submit to win our “Most Improved Lifestyle” award – quarterly
  • Years of memories knowing your invest is back by Ulrich’s best-in-class warranty

Installation

Once your building nears the end of production, your delivery date is confirmed or adjusted for weather complications. Your installation team conveys your delivery window on the day of install. Your building is placed exactly as planned and all accessory items are installed. Final touches and inspections are done to ensure your building is level and ready for you to move in. Once final payment is collected, all keys and documents are left with you, and your “Raving Fan Guarantee” coverage period begins – after which your warranty will start.

  • Confirming your delivery date
  • Onsite Install (or assembly) occurs and final touches (leveling, doors square, ramp installed, etc) and inspection after installation
  • Collect final payment, then hand you the keys & documents
  • Our “Raving Fan Guarantee™” starts and is in place for 2-weeks

The installed solution will be as purchased or a mutually agreed plan will be in place by noon the next business day from install.

  • Your warranty starts after “Raving Fan Guarantee™”

Production

Your design plans are reviewed in detail and then handed off to our production team. Any permits are submitted for review. Pending permit approval, your delivery date is then scheduled and materials are then prepped in our environment controlled facility (safe from the elements).

  • Internal order review and confirmation
  • Project site inspection virtual (or in person as needed)
  • Permits submitted / approved
    • If required, CAD and other engineered docs are drawn and certified at customer’s expense
  • Materials ordered and prepared – change order fees apply at this point
  • Order is checked prior to production completion / onsite build date

Design

Together, we custom design the best solution using our unique process to ensure a Smart Value investment for your lifestyle. 

  • Complete the “Deep Dive Process” to clearly identify all factors and details about the usage, positioning, delivery method, permit requirements, and amenities of your structure
  • Create the blueprint of your perfect structure to precisely fit your property and lifestyle
  • Confirm that this structure is truly your perfect / dream structure and place deposit / sign documents
  • OUR PROMISE: If your structure is permitted and cannot get approved, we will refund you the deposit less any 3rd party fees

Discovery

This is where we sit down and talk about the specifics of your project – including your needs, dreams, wants, and project investment goals as you learn about our proven process and our 3-uniques.

  • Overview of the Ulrich Proven Process to clarify your expectations
  • Project site overview
  • Learn about your needs, dreams, wants, and budget
  • Lifestyle usage and long term goals
  • Identify any known local building codes / HOA restrictions
  • Direct to the perfect team member to design your structure

Discovery

This is where we sit down and talk about the specifics of your project – including your needs, dreams, wants, and project investment goals as you learn about our proven process and our 3-uniques.

  • Overview of the Ulrich Proven Process to clarify your expectations
  • Project site overview
  • Learn about your needs, dreams, wants, and budget
  • Lifestyle usage and long term goals
  • Identify any known local building codes / HOA restrictions
  • Direct to the perfect team member to design your structure

We Can't
Wait To Talk!

Thanks for requesting a qoute! We'll be in touch soon. In the meantime, could you share a bit more about what you're looking for so we can help you better?

Let's Get You A Custom Quote

Configurable sheds start as low as $35,000 in your area, but we'll need a little more information to give you a custom quote.

Let's Start Designing Your Shed!

The next step is to have a no-obligation discovery call with our shed design consultants so we can start customizing your shed design.