According to the latest article, by The Times, homeowners are making the most of their houses rather than moving. The article states that there has been a 40% increase in large home extensions in the last 12 months (to June 2016) and extensions are gaining popularity for various reasons, such as:
- Estate agent Felicity Fox points said: “some people are sitting on negative equity and cannot move, so they have to stay for the long term”.
- Kathryn Meghen, interim chief executive of the Royal Institute of the Architects of Ireland, said: “the renovations market has returned strongly because the economy is strengthening and people are weighing up the value of moving or staying”.
- Various government incentives, such as, the Home Renovation Incentive (which encourages people to look at upgrading houses).
- Others just want to adapt and create a home that works perfectly for their needs.
They advise that the most popular type of larger extension is an attic conversion.
The second most popular area for an extension is the kitchen and family areas, but many are merely internal rearrangements.
A number of homeowners are also making their spaces work smarter, by removing internal walls to improve light and living areas.
If you are looking for Builders in Farnham, Surrey contact us. Whether you want to add value to your home with an extension, alteration, garden studio or even start a new build we can help you from the very start. When you choose to work with us, we will involve you at every point of the construction process, so you can always be in control of your project.
