• Well-kept gardens can add up to £2k value to British homes

    June 6th 2017. Posted in Home Insurance

    • Homes with well-kept gardens are believed to be worth £1954 more in value – that’s over four times the £473 the average person spent on their garden in the past year1
    • However, many are not inclined to hire tradespeople to carry out tasks, and would only pay £364 for a tradesperson to build a fence, £290 to install a pond and £390 to design a new garden 
    • Most gardeners are keen on DIY, with 90 per cent planting their own flowers, 74 per cent power washing their patios and 51 per cent building garden furniture
    • AXA investigates the jobs that we love to do ourselves and when it may be best to get in touch with a professional

    AXA has revealed that the nation believes a well-kept garden adds just under £2k (£1954) to the value of their homes. The research, which follows AXA’s sponsorship of the Grand Shed Project at Grand Designs Live, highlights how even though the UK values a well-kept garden, we do not always want to pay to keep it up to scratch.

    The average person spent £473 on garden upkeep last year, less than four times the amount a well-kept garden is believed to add to the value of a home. Twenty-four per cent of people said they only spent between £1 and £100 last year on their gardens, whilst 18 per cent spent between £101 and £200 and 14 per cent between £201 and £400.

    Region

    Amount invested in garden over the last year

    Perceived value a well-kept garden adds to a property

    East Anglia

    £511

    £2,306

    South West

    £392

    £2,151

    South East

    £412

    £2,118

    North East

    £556

    £2,110

    London

    £580

    £2,080

    East Midlands

    £428

    £2,038

    North West

    £398

    £1,934

    Scotland

    £514

    £1,825

    West Midlands

    £428

    £1,821

    Yorkshire and the Humber

    £507

    £1,638

    Wales

    £407

    £1,565


    To DIY or not to DIY?

    With the nation reluctant to part with their cash when it comes to their gardens, it’s no surprise that many of us turn to DIY. Jobs often completed by homeowners include planting flowers (90 per cent), power washing patios (74 per cent) and building garden furniture (51 per cent) and sheds (40 per cent).

    Jobs that people would hire a tradesperson to complete are often larger, and include building garden walls (64 per cent), terraces (61 per cent), new fences from scratch (58 per cent) and felling trees (59 per cent). This can only be a good thing when you consider that 44 per cent of people would not check planning permission before performing garden tasks including those listed above.

    However, not to be outdone, there are a number of tasks that the nation would like to learn, including designing a new garden (41 per cent), building a garden wall (37 per cent), installing a water feature (36 per cent) and building terraces (34 per cent).

    The cost of gardening

    Most people spend around nine hours a month working on their gardens, however if they were to hire a gardener would only ask them to work six hours – a third less time. They would also pay £10 an hour for a gardener, making it around £60 a month to look after the average garden, plus any additional time spent on doing smaller jobs.

    For larger jobs, many people would only want to part with less than £500 per task, even though we now know this could add up to four times the value to a home. For building a fence, most people would only want to pay £364, installing a pond £290 and designing a new garden just £390. 

    Task

    Average amount would pay a tradesman

    Design a new garden

    £390

    Build terraces

    £378

    Build a new fence from scratch

    £364

    Lay patio

    £351

    Build a garden wall

    £337

    Install a pond

    £290

    Building a shed

    £230

    Install a water feature

    £229

    Fell trees

    £215

    Build garden furniture

    £198

    Lay new turf

    £190

    Gareth Howell, Managing Director of AXA Insurance, said: “Over the past year our research has shown that the UK is a nation of keen hobbyists, with 40 per cent of people claiming gardening to be their main hobby2. However, whilst learning a new skill is important, there are also times when it may be best to hire a professional.

    “The fact that 44 per cent of people don’t consider planning permission when carrying out relatively large gardening jobs highlights just how important it is to ask for expert help every now and again. Whilst we are encouraging the nation to enjoy DIY and the great outdoors, when it comes to certain tasks you may want to brush up on your skills and knowledge first!”

    For ideas on how to make the most out of your garden, regardless of size, visit: http://www.axa.co.uk/help-and-advice/my-home/quirky-design-ideas-for-smaller-gardens/
    Media Contacts 
    Notes for Editors 

    Notes to Editors

     

    1. Figures obtained from research commissioned by AXA of 2000 UK adults who have a garden and have gardened. The research was carried out by OnePoll in May 2017.
    2. Figures obtained from research commissioned by AXA of 2002 UK residents. The research was carried out by Opinium in May 2016

    Enquiries

    Rebecca D’Cunha, 07775 014 987 – rebecca.dcunha@axa-insurance.co.uk

    About AXA

    The AXA Group is a worldwide leader in insurance and asset management, with 166,000 employees serving 107 million clients in 64 countries. In 2016, IFRS revenues amounted to Euro 100.2 billion and IFRS underlying earnings to Euro 5.7 billion. AXA had Euro 1,429 billion in assets under management as of December 31, 2016. In 2016 Interbrand ranked AXA the 1st insurance brand worldwide for the 8th consecutive year.

    In the UK AXA operates through a number of business units including: AXA Insurance, AXA PPP healthcare and AXA Ireland. AXA employs over 10,000 staff in the UK.

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