Smallholders Insurance from Greenlands

Author Topic: Agricultural Farm Building question...  (Read 13217 times)

blades

  • Joined Jun 2011
  • Old Aberdeen
Agricultural Farm Building question...
« on: September 14, 2011, 06:09:43 am »
I am currently in the process of putting up a 16m x 7m steel agri building. Even doing a lot of the work myself by the time you include groundworks the project comes in at a tidy sum.

My question is... does anyone know what average percentage of the build cost is added to the value of your property? Examble being.... if the building costs say £20,000 to erect property value would increase by perhaps £10,000??

I have no intention of selling but it would be nice to know how much if any of the outlay is recoupable so to speak.

Thanks in advance
Beekeeping

Dan

  • The Accidental Smallholder
  • Administrator
  • Joined Oct 2007
  • Carnoustie, Angus
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Re: Agricultural Farm Building question...
« Reply #1 on: September 14, 2011, 08:28:57 am »
I read an article somewhere recently (and can't find it now to corroborate) that the net property value increase for agricultural buildings was much closer to 100% than that. And obviously you get the benefit of the use of if in the meantime, if you do decide to sell in the future.

If it has a south-facing roof and is close enough to hook up to your electricity supply the value increase is even greater, due to the potential for a PV installation.

HTH,

Dan

blades

  • Joined Jun 2011
  • Old Aberdeen
Re: Agricultural Farm Building question...
« Reply #2 on: September 14, 2011, 08:52:58 am »
I read an article somewhere recently (and can't find it now to corroborate) that the net property value increase for agricultural buildings was much closer to 100% than that. And obviously you get the benefit of the use of if in the meantime, if you do decide to sell in the future.

If it has a south-facing roof and is close enough to hook up to your electricity supply the value increase is even greater, due to the potential for a PV installation.

HTH,

Dan

Thanks Dan.... that has put a smile on my face  :)
Beekeeping

SallyintNorth

  • Joined Feb 2011
  • Cornwall
  • Rarely short of an opinion but I mean well
Re: Agricultural Farm Building question...
« Reply #3 on: September 14, 2011, 10:06:44 pm »
I would agree with Dan - farm buildings will be valued at pretty close to build value by farming / smallholding types.  They may not have a value to non-farmy types, of course!
Don't listen to the money men - they know the price of everything and the value of nothing

Live in a cohousing community with small farm for our own use.  Dairy cow, beef cattle, pigs, sheep for meat and fleece, ducks and hens for eggs, veg and fruit growing

robert waddell

  • Guest
Re: Agricultural Farm Building question...
« Reply #4 on: September 15, 2011, 08:43:53 am »
i would disagree buildings are of value to anybody  that portal frame shed that is the envy of every smallholder is also the envy of a small transport company likewise the envy of a car enthusiast or mechanic or anybody that is wanting covered space to do there thing :farmer:

lachlanandmarcus

  • Joined Aug 2010
  • Aberdeenshire
Re: Agricultural Farm Building question...
« Reply #5 on: September 15, 2011, 04:05:55 pm »
thats partly why when we had the mini barn built for the horses we spent the extra 10% cost to have it portal framed rather than having the partitions/stables part of the structure. We dont intend to ever move or use it for anything else, but it would have been daft not to build in flexibility

ballingall

  • Joined Sep 2008
  • Avonbridge, Falkirk
Re: Agricultural Farm Building question...
« Reply #6 on: September 16, 2011, 11:36:18 pm »
We did the same with our shed, made sure it could be multi-purpose if we were ever to sell. That is also why we bought hurdles to pen the goats in, so that they can be dismantled and taken away (or sold if we no longer needed them). The shed could be used as a big workshop, garage, a couple of loose boxes built inside, for livestock, so really worth the value.

Beth

waterhouse

  • Guest
Re: Agricultural Farm Building question...
« Reply #7 on: September 17, 2011, 12:35:00 am »
There is no rule of thumb here. Each case is different but flexibility is important. The Yorkshire Dales are littered with hard to use stone barns without road access or services

Too many buildings for the available land or poor vehicle access between buildings will limit value.  Tricky planners enhance value.

blades

  • Joined Jun 2011
  • Old Aberdeen
Re: Agricultural Farm Building question...
« Reply #8 on: September 30, 2011, 07:45:47 pm »
Well thats the slap and walkway in.... phase 1 complete  :)

Ended up settling on a 13m x 6m building with a 1m skirt on the back and side and a 3m skirt on the front!

« Last Edit: September 30, 2011, 07:59:45 pm by uppermillfarm »
Beekeeping

Plantoid

  • Joined May 2011
  • Yorkshireman on a hill in wet South Wales
Re: Agricultural Farm Building question...
« Reply #9 on: October 07, 2011, 05:38:52 pm »
Building No 1
Was a non standard construction  40 x 20 feet by 15 high , made from a recycled building and put on a frame made from heavy duty store racking with home made welded roof trusses of 1.24 by 2 inch  square tube.  It had double skin 3 inch air gap fibreglass wriggley plastic windows for heat retention , then foam sprayed all over the inside . it had electrics , water drainage and a fan suction exhaust.
 
The building cost me £500 to buy ,£200 to dismantle & transport nearly £ !k for fixings and additional shets as well as buying a TEC screw gun to put them on the frame and almost another £1,500 to make the floor slab and errect using  resin fixers to anchor the frame into  reinforced anchor points in the slab. edges

Valued professionally by an agricultural specialist  &  assessed as negible because of non standard construction and self errection.


My second building a purpose made by English of Wisbech of Norfolk ,  was a professionally errected steel framed jobby clad in plastisol sheets £6000 for the building & £1.4 k for the errection including hire of a tele porter for a day .


This building was fully errected and clad in three days by two very experienced guys

 I made the cast base in 8 inches of floated off bridging strength ready mix at a cost of £2,380 inc hire of vibrating screeder 7 powerfloat., casting it around the professionally inserted stantion anchor points & using hired forms to make the casings before they errected the building ..that way they had a sound clean base to operate off 7 I didnt have to barrow zilions of concrete in over rough ground to make the floor
 
The building was 40 feet by 80 feet made as portals again spray insulated , electrics etc. .

insured for £38,000  supposedly adding 25 k to the property value.

 Interesting .....

 We purchased the property five years earlier  for £ 78 k and sold it with sheds newly landscaped gardens and large veg plot of raised beds + a 20 x 10 foot polytunnel  with water supply for £ 175 k

 Because the property was unique & individual all the seller merchants could do was say" Well the average price around here is  £ 120 k ..
I then told them if they wanted to handle the sale, the price was to be £175 and wrote my own sales blurb and provided some decent pictures i had taken myself ..

It sold 11 weeks later for the full asking price... so it's always horses for courses , decide and develop your own unique selling points etc.

Here you are ........ the book is on Amazon second hand for pennies

Farm Building Construction (Hardcover)
by Maurice M. Barnes (Author), Clive Mander (Author)  publisher Blackwell Scientific
« Last Edit: October 07, 2011, 08:42:31 pm by Plantoid »
International playboy & liar .
Man of the world not a country

 

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