Off-Road Parking Can Add As Much Value To A Property As A Loft Conversion, According To Ratedpeople.com

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Dedicated parking space offers benefit of added value

In terms of return on investment, converting a small front garden into off-road parking can offer more than a loft conversion. Both can add around 10 per cent to the value of the property but creating off-road parking can cost as little as £650 whereas a loft conversion can cost upwards of £5,000.

Homeowners that invest in off-road parking can add as much value to their property as they would if they converted their loft into an extra room, according to Ratedpeople.com, the UK's largest match making service for home improvers and recommended tradesmen.

Off-road parking is a luxury that that many homeowners don't have, especially in densely populated areas. However, where there is space, off-road parking can be created for as little as £650 and can add up to 10 per cent to the overall value of a property. This can also help homeowners to save some money on their car insurance premium too.

As well as monetary advantages, there are also many practical advantages to a property having off-road parking. First and foremost is the added sense of the security that the homeowner is given when they can leave their vehicles on their own property. Another major advantage is the added convenience of not having to find a parking space every time the owner returns home.

Ottokar Rosenberger, Sales and Marketing Director of Ratedpeople.com, said: "In terms of return on investment, converting a small front garden into off-road parking can offer more than a loft conversion. Both can add around 10 per cent to the value of the property but creating off-road parking can cost as little as £650 whereas a loft conversion can cost upwards of £5,000."

There are many ways in which homeowners can add value to their property without having to 'break the bank'. Landscaping a garden usually costs around £900 but can add up to £6,000 to the value of a property.

However, even before 'cheaper' home improvements are undertaken, homeowners should consider setting a realistic budget and stringently sticking to it - otherwise, finances can quickly spiral out of control and any potential profit can be lost.

Whether seeking anything from garden designers though to local plumbers and local electricians, Ratedpeople.com can find interested tradesmen from 25 different trades for homeowners who are looking to improve their properties.

Every month, Ratedpeople.com manages over £30m in home improvement projects with more than 1,000 tradesmen signing up, making it the UK's largest match making service for home improvers and recommended tradesmen. The site has more than 55,000 ratings to date and its system ensures that tradesmen are only rated by the customers who find them through the site. The result is one of the fairest and most robust rating systems on the net.

For further information on how to source a recommended tradesman in your area, visit Ratedpeople.com.

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Pete Goold
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