Latest figures from the Halifax bank seem to indicate that house prices are still in decline. Although this may be good news for first time buyers or even those looking to downsize, if you have a property to sell it can be a little disheartening to see values falling.
“Weak confidence amongst households, partly due to uncertainty over the economic outlook, is constraining housing demand and resulting in some downward movement in prices,” said Martin Ellis, Halifax housing economist. “The latest figures show that the underlying trend in house prices continues to be one of modest decline.”
It is against this background that many people are deciding to make improvements to their existing properties rather than move.
One way to add both value and valuable space to your home is a loft conversion. By extending up rather than out as with a traditional extension, you can gain additional living space without losing your garden.
Kitchens and bathrooms also feature quite often in the ‘wish lists’ of many home improvers.
Many of these projects can be undertaken by an accomplished DIYer, but if you are considering any improvements to your home, click here to get up to 5 free quotes for your planned project.