The benefits of timber garden buildings /garden offices Jan 28, �� Hiller also mentioned that they do not specifically recruit capital for impact or mission. Although Lyme Timber has pursued several other non-timber cash flow strategies, the firm is primarily benchmarked to core timberland investments. TIMOs generally appear to view alternative cash flow sources as a value-add rather than a value driver. It is worth bearing in mind that different types of building may be more likely to be subject to capital gains tax. If your garden office is a brand new building made up of bricks and mortar with state-of-the-art insulation and all the mod cons, it�ll devalue at a much slower pace than an upgraded wooden shed, and this may affect CGT. Garden Studios & Offices. If you work from home or have a creative hobby, a garden studio or office is your home-from-home. A private and quiet space away from the house; a retreat at the end of the garden. Custom designed to your specification, our timber garden studios and home offices are built to fit the space and application.

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You can unsubscribe at any time. Home Garden design How to build a garden office. The garden office is a prime location in which to work from home and there are many advantages to this option. Carving an office out of existing accommodation can be difficult, as there are so many competing pressures on space. In addition, many self-employed people find that they need to break away from the domestic environment where there are distractions � the journey to work, albeit a stroll down the garden path, is an essential commute that keeps home life and work separate.

In general, most buildings provided by specialist home office suppliers will comply with, or be exempt from, planning permission. This relates to the volume of the building and to its overall height. Any garden office should not occupy an area more than 50 per cent of the garden space, with heights limited to 3m for a flat roof and 4m for a ridged roof. Structures should not be positioned between the house and the road and normally a distance of 20m from the road is applied.

Any structures that do not comply with these basic rules will require planning permission. Regulations Non Timber Garden Office Chair should be checked here. For gardens within conservation areas, no garden office can be erected with a volume exceeding 10m3 without specific planning permission. This can be limiting, but informal discussions with local planners should prove supportive.

Gardens within Areas of Outstanding Natural Beauty and National Parks will have similar limitations and the rules will need to be researched.

This relates to an ill-defined space around the building in which little or nothing can be built. Again, discussions with the local planning office prior to developing plans will help. For an effective garden office you will need to consider insulation as this will help to control temperatures across the seasons and prevent or reduce the effects of condensation.

Essentially, this is what separates the garden office from the garden shed. You may also need sound insulation, dependent upon your intended use. Double glazing, heating, lighting and mains connections for water and electricity increase the comfort levels and all-year-round usability. Many of the companies supplying the garden office structure will provide such services as part of the package, with some even negotiating with the planning department on your behalf.

This provides a comfortable and basic office to which can be added a bathroom, shower room or sauna, creating a space flexible enough for overspill guest accommodation. Security is a major issue as garden offices are an easy target for burglars, often built at some distance from the house and out of earshot. Door and window locks, together with an alarm system linked to the house, are all-important considerations.

Consider orientation too, related to where in the office you will work. North-facing light is good as it avoids or minimises direct sunlight, or alternatively consider roof overhangs or Non Timber Garden Office Workshop veranda structures to reduce summer glare. The garden office structures themselves are usually timber, coming in prefabricated panels to be built on site.

Some are factory built and craned into position. They need a level surface and sit on concrete piles to minimise direct contact with the ground, with the building itself supported by a steel frame. Roof structures can be customised to take planting. If you are lucky enough to own convertible outbuildings, the main consideration would be internal fitting, servicing and insulation.

However, the timber investment industry is facing a new set of challenges � challenges that may dictate a turn to a new set of business strategies.

More than a decade after the financial crisis, its effects can still be felt in the timber and forest products industry. The macro-economic headwinds and subsequent market changes have had a lasting effect, according to industry data group Forest2Market.

The collapse of timber prices � attributed by High Country News to a variety of factors including the recession, increasing supply of cheap Chinese timber, and fluctuating material demand � has injected increased uncertainty on the economic viability of the U. Uncertainty in timber sale cash flows creates an issue for timberland investment management organizations TIMOs ; groups that help investors find, analyze, and acquire timberland investment assets. As the economics of maintaining large tracts of land for timber production have shifted, TIMOs could be vulnerable to going out of business and having their holdings developed into other land uses.

Compounding the issue of market fluctuations are the long timescales over which TIMOs operate. A decision to cut trees too early or late can result in compounded revenue loss, given that stands may take 20 to 30 years to regenerate.

Fortunately, timberland assets are not limited to just the trees they contain. There are alternative sources of revenue that could supplement cash flows between harvesting years as well as mitigate some of the uncertainty facing the wood products industry.

As the carbon credit market continues to mature, the track record for deals stands to make it easier to establish programs, suggesting carbon will be an increasingly important complement to timber revenues in the future.

However, as Marsters points out, carbon crediting is not without challenges as well. Assets with a high established baseline timber level are often necessary to facilitate viable carbon crediting programs, as they can begin generating revenue fairly quickly.

Without this baseline, it can take decades before the carbon content of a given property can be established to the point that credits can be issued. While most carbon crediting programs allow timber harvest above the established baseline, much of the timber value of a property is locked up and unavailable for harvest. Carbon crediting can also face challenging time frames from an investor perspective. Crediting through the largest market in the United States, the California Air Resources Board, for example, requires a year commitment to maintain the land after the credits are issued.

Beyond carbon crediting, there are several other options available to TIMOs to generate cash flows from non-timber sources. One of these strategies, used by organizations such as The Lyme Timber Company, based in the New Hampshire, and California investment advising firm New Island Capital, is the conservation easement , an agreement restricting future development on a property.

Funds exchanged for this protection can flow immediately back to the landowner, significantly reducing the cost basis on a parcel of land and improving returns. Like carbon crediting, these types of agreements can be structured to allow for timber harvesting of growth over the pre-established baseline timber volume, allowing the landowner to realize continued revenues from timber. Depending on the specifics of a particular forestry asset, there are also smaller non-timber strategies available to managers.

Marsters of Ecotrust mentioned the sale of hunting rights as a significant additional consideration, particularly in the southern United States. Wetland and endangered species banking programs can also be a viable alternative for some TIMOs. However, Marsters indicated that the market for these opportunities can be sporadic and by their nature they are particularly regional.

Lyme Timber has even made several downstream investments in log yards and a sawmill. As Marc Hiller, director of investments at The Lyme Timber Company, explained, these vertical integration efforts are less about the return profile of a log yard operation itself.

Instead, the additional value derived from controlling the log yards directly comes from the ability it gives Lyme Timber to deliver specific timber products to customers based on need or preference; rather than having customers purchase all of the wood that comes out of a forest stand.




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