Majority of Homeowners prefer to extend their property rather then move house
Majority of Homeowners prefer to extend their property rather then move house
Report from TSB says that nearly 41% of homeowners prefer to extend their property rather then move home which does not surprise me considering how much it costs to move home.
Changes to planning law in May 2019 has given home owners an opportunity to extend their property without the need for planning permission for a rear extension only
As a result of these changes, many homeowners will be very keen to stay where they are and build a rear extension in order to extend their property
Top Reasons for building extension:
- Creating more floor area will add value to the property
- Moving is too expensive
- Current location is better than anywhere else
So, if you are planning on extending your home and require funding for this, please contact us to discuss your mortgage options today because planning ahead and securing the best mortgage option is a key! Call 01483592743 or 07834173731 today!
Image Credit: Henry & Co. on Unsplash
Information sourced from Property Reporter
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