The sheer expense and upheaval of moving would appear to de-motivate people from moving and instead convert, extend or renovate but is that the only influential factor? Stamp duty, removal costs, estate agent and legal fees altogether can represent a huge amount of ‘dead money’ as a significant cost to moving. The ‘smart money’ is being invested in developing property to create beautiful space in an existing home but the returns on that investment can be immense too.
The sheer expense and upheaval of moving would appear to de-motivate people from moving and instead convert, extend or renovate but is that the only influential factor? Stamp duty, removal costs, estate agent and legal fees altogether can represent a huge amount of ‘dead money’ as a significant cost to moving. The ‘smart money’ is being invested in developing property to create beautiful space in an existing home but the returns on that investment can be immense too. < click to read more>
At A1-Lofts and Extensions, we are increasingly seeing home owners decide to build out, build up or build on top, to change the dynamics of their domestic investment. “ We regularly hear stories about projects that we did for customers where they invested a relatively modest amount in developing their home only then to put it on the market doubling the valuation that they had prior to the work being done an example recently in Richmond where the customer invested £85,000 and saw their whole property double in value and another in Croydon now valued at £1.7m”, said John Reynolds A1’s Sales Director.
A recent analysis of the key searches for A1 lofts & Extensions on Pinterest showed 2 of the 3 most popular searches to include ‘kids bedroom’ accounting for almost 20% of searches whilst loft space, loft plans, loft space ideas and loft office space all each accounting for over 2% of searches and an old fashioned term attic when associated with plans, remodelling, ideas or space, combined accounting for another 10%.
Clearly a shift to home working and the so called GIG ECONOMY requires previously unused space and a loft conversion, an extension or more recently a Garden home office provide a perfect facility with purpose built in furniture to cleverly disguise, printers, servers, file storage and displays or screens. https://www.a1-lofts.co.uk/projects/extensions-projects The rapid rise of fibre broad band has driven on-line conference and virtual office facilities to make home working a viable option. No surprise then, that refurbished and developed properties creating beautiful designer led space and interiors command a premium in the market. Ticking all of the boxes and preparing for a growing demand and more sophisticated domestic and business combination for a home has to be very appealing in this changing environment. https://www.a1-lofts.co.uk/features
