With uncertainty regarding the UK’s economic future occupying everyone’s minds, it’s unsurprising that the housing market has experienced a period of instability. Predictions as to house prices and job security across the country do vary, although the overall impression from industry experts is that there may be modest growth in 2018. The indications, however, are that more and more homeowners are leaning towards staying put rather than trading up.
Estate agents are reporting that in the last 12 months stock availability slowed, with fewer properties coming on to the market, while house prices rose less quickly, due in no small part to the ongoing Brexit negotiations. Overall, it appears that recent house price rises are attributable more to a shortage in supply than an upturn in buyer demand.
With house prices on the rise in Surrey, more and more home owners are investing in improving their home living spaces, with bathroom renovations proving very popular
Experts agree that it is likely that house prices will continue to rise in Surrey, probably at above the national average rate of 2%, driven largely by buyers looking to move out of London into suburbia. Add to that the continuing influx of overseas investors, and Surrey clearly remains an attractive area for investment.
That said, with the likelihood of interest rate rises looming and the considerable costs of moving, now is a better time than ever to take stock of your current property and maximise its potential. As Kelley Malcher of Surrey Builders Refresh Renovations UK explains, there are a host of drivers for homeowners to consider extending and improving their home.
‘In Surrey we’re seeing a definite move towards extending and improving, and that appears to be for a number of reasons,’ says Kelley. ‘It might be that families are deciding to create additional space for their grown-up children to help them save for a deposit, or for their elderly parents who may need personal care. On the other hand, we’ve also been contacted by couples who are expecting their first child and are seeking to create a playroom or additional bedroom, as well as professionals who are looking for a home office to cut down on commuting and achieve a better work-life balance.
Our Kitchen renovation specialists in Surrey can work with you to design and build your new kitchen
‘As Surrey builders, we’re able to take the weight off homeowners’ shoulders when it comes to extensions, loft conversions and the remodelling of kitchens and bathrooms. Our end-to-end design and build service means that we can manage the whole project from producing architectural drawings and obtaining planning permission all the way through the build phase to interior design and decorating. Offering one point of contact, we’re able to save both time and budget by eliminating the delays and inefficiencies which can easily creep into projects of this nature. If you have an unused loft, garage or garden space, at Refresh Renovations UK we can bring it to life for you. We are experts at uncovering a home’s hidden potential, creating stunning living spaces and, importantly, adding to the property’s resale value.’
Refresh Renovations UK are Surrey builders offering design and build services. To discuss your home extension project, please get in touch today using the enquiry form listed alongside, or if you would like to submit a more comprehensive enquiry, you can do so on the Get In Touch page.