If your family feels cramped in its current property and a move to a bigger house was on the cards, no doubt the current turmoil in the property market and indeed the overall economy has caused you to reconsider your plans.
Due to the current economic uncertainty and rising inflation, banks and building societies have been increasing mortgage rates and product prices across the board. Analysts are predicting a surge to 6% by next spring. In fact, just earlier this month, the average five-year fixed-rate mortgage breached 6% for the first time in 12 years, while the average two-year fixed rate has surpassed the mark for the first time since 2008. With such high interest rates and the additional costs associated with moving homes, it simply doesn't make financial sense for families who are only looking to gain a couple more rooms.
Our research indicates that when customers decide to move to a larger home, they often find themselves having to increase their mortgage by an additional £100K just to accommodate an extra bedroom in areas such as Greater London and the Home Counties. This was already an expensive addition before the current crisis, and now it makes even less financial sense.
However, your dream of having a larger home with more space for your family and personal needs doesn't have to be over. Instead, why not consider transforming the home you already have and rediscovering your love for it all over again?
Benefits Of A Loft Conversion
With an Econoloft loft conversion, you won't have to sacrifice any precious outdoor space. Instead, we will build up to provide you with the much-needed additional living space. Our most popular loft conversion is a master bedroom with an ensuite, and when parents move to another floor, it frees up their old room(s) for the rest of the family.
If your children are tired of sharing a room and it's causing tension within your family, why not resolve it by giving them their own entire floor? Our customers are always amazed at just how much space an Econoloft loft conversion can create in their attic. It's not uncommon to have two additional bedrooms and another family bathroom. By doing this, you will also have the freedom to repurpose the kids' older bedrooms as you see fit.
We have also created luxurious 'granny flats' that offer accommodation including a spacious living area, a fully equipped kitchen, and a comfortable bedroom. These versatile living spaces are perfect for an elderly parent seeking independence or even an adult child who desires their own personal sanctuary but may not be able to afford their own property.
Opting for a loft conversion provides not only additional space but also increases the value of your property. It's important to remember that the demand for properties is higher than the supply, so a well-developed loft conversion in a high-demand area will definitely be a worthwhile investment. Moreover, having a loft conversion is generally more cost-effective than moving to a bigger home (savings depend on your location).
And if you still need a little more persuasion, we have an exciting offer for you. For loft conversions ordered between November 2022 and January 30th, 2023, we are providing a generous £2,000 discount. This substantial sum can go a long way in helping you create your dream bathroom suite or add those final touches to your newly transformed loft space. Don't miss out on this fantastic opportunity to save while enhancing your home!
Contact us for more information about this offer and to schedule a complimentary visit from one of our technicians. We are here to help you fall in love with your home all over again.
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