November 9, 2012
Speaking to home improvement specialists
, respected property guru
explains that current economic pressures are prompting homeowners to approach home improvements from an entirely new angle.
Whereas previous developers would have purchased what Beeny described as "ramshackle old [properties]" as restoration projects, a struggling national economy has prompted a re-evaluation of this approach - as Beeny explained:
"The trend now is in adding value. That's massive, and with so many families struggling against the credit crunch, with some even in negative equity, it really does make sense to stay put and add value."
Home improvement better than relocation
Considering the current state of the property industry, which has suffered from fluctuating house prices and an unstable rental market, it is hardly surprising that everyday consumers are making the most of what they've got instead of attempting to relocate.
In a recent poll conducted by Everest
, more than half of those interviewed (53.7%) said they'd rather add a conservatory to their home than move houses*. This is one of many additions homeowners can make to their properties in order to increase the amount of available space they have in their homes. It is also worth noting that it is a far cheaper alternative to a full-scale relocation.
Spatial restrictions are naturally one of the biggest concerns for homeowners who are striving to achieve a balance between practicality and aesthetic design. Fitting a conservatory or expanding your property is an easy way to accomplish this aim and can be highly cost-effective -meeting two of the main focuses of home improvements as outlined by Beeny in the interview:
"The greater truth is as long as you have the space in your house, you can do whatever you want with it.