How can I pay for a new conservatory?

How can I pay for a new conservatory?

author: Emily

By Emily


Got your eyes on a new conservatory? From the value it could add to your home to how much it’ll cost you, find out how you can turn your plans into a reality.

As a place to sit and enjoy a bit of peace and quiet, a new conservatory can be a welcome addition to any home. Not only that, but they can boost your home’s value when it comes to selling it on.

But how much could a conservatory really cost you? And how can you finance one? Don’t go anywhere, because we’ve answered all of your conservatory-related questions below.

How much does a conservatory cost?

The average cost of a new conservatory ranges from £4,000 to £6,500. While that might sound expensive, it’s actually relatively cheap compared to the cost of an average home extension, which stands at a whopping £19,750.

Fitting a new conservatory could be a cost-effective way of extending your home and adding more space without breaking the bank.

Does a conservatory add value to your home?

When it comes to value for money, a conservatory is a great option. According to a report from Zopa, a new conservatory could bring in an average profit of £5,750 – so you could actually see a return on your investment, unlike other home improvement projects.

This is because, even though you’re essentially adding another room to your home, it’s cheaper than other home improvements like a new kitchen or bathroom.

How to finance a new conservatory

While a conservatory is one of the cheapest home improvements, that doesn’t mean we can all easily afford to roll up our sleeves straightaway. There are a few ways you can finance a new conservatory – take a look below:

Saving is best

While credit might seem like a faster way to turn your conservatory plans into reality, saving is always the cheapest way to make any purchase. You won’t need to think about repaying anything and you won’t need to pay a penny in interest.

You could consider automatically transferring some cash into a savings account each month. If you set up a Direct Debit to take a set amount of cash after you’ve been paid, you won’t even have time to notice it’s gone!

Personal loan

If time isn’t on your side and you’re looking to add a conservatory to your home in the near future, a personal loan could be a good option.

With a personal loan, you’ll receive all of the cash upfront, so you can get started straight away.

Then, you’ll repay the total cost with monthly instalments over a set timeframe – paying a fixed amount each month could help you stick to your budget, as you won’t have the temptation to borrow more or overspend.

Homeowner loan

With a homeowner loan, you can often borrow more than a personal loan as you’re using your home as security.

If you’re after a conservatory that’s a little pricier than average, or if you fancy working on other home improvements at the same time, a homeowner loan might be a better option than a personal loan.

Use a credit card for part of the purchase

If you have a good credit score, you could be eligible for an interest-free credit card. This could be a good way of spreading the cost of a conservatory without paying anything extra – as long as you repay the total remaining balance before the interest-free period ends.

If you don’t have an interest-free credit card, it could still make sense to put a portion of the cost on the plastic. If you spend over £100 with a credit card, you have the added protection with Section 75. This means that, if anything goes wrong, you could make a claim back with your credit provider.

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How can I pay for a new conservatory? How can I pay for a new conservatory?