According to analysis from Sell House Fast, the UK has some of the smallest homes in Europe, so if you do sometimes feel a little claustrophobic, that’s why. But you don’t need to move to get the extra space you want – it’s less hassle and more cost effective to improve your home and fall in love with it once more.
Housing Demand Continues to Outstrip Supply
Of course, moving is one way to get a bigger home, but if you live in Greater London or the South, moving to get an additional bedroom comes at a price – a very expensive one. The reality is that we have a shortage of homes, especially in cities where employment is highest and where workers live. For example, the Mayor of London Sadiq Khan’s draft housing strategy notes that while London should be building at least 50,000 homes a year until 2035 to keep up with demand, it is building fewer than 20,000.
Consequently, supply is likely to outstrip demand for many years to come, which is why property remains so expensive.
Improve Your Home with a Loft Conversion
However, there is a solution for those in London and across the UK who want more space. You don’t have to move from the house you love, you can improve it by utilising that unused space you have in the attic. Most homes are suitable for a loft conversion and you can create the space your family needs now – that could be a bedroom, a home office, a teenage den, an entertainment room or even space for an au pair. The possibilities are endless.
What’s more, there are many benefits to building a loft conversion. For one, an average loft conversion is much cheaper than upgrading to a new property, and it is a lot less hassle. Another bonus is that while you get to live in the house you want now, when you come to sell your home, your loft conversion will have added significant value – Nationwide Building Society suggests around 20%.
Love the Home You’re In
Fall in love with your home all over again in 2020 and unlock its full potential with a loft conversion from Econoloft. Whether you want an additional bedroom for yourself or your children, a home office, entertainment room, guest room, games room, nursery or hobby room, we meet your needs and your new loft conversion will make the whole house feel bigger.
Talk to our experts and let’s give you the home you deserve. We work in London, the South and across the UK in all locations, including Bromley, Barnet, Croydon, Dartford, Kingston, Orpington, Sevenoaks, St Albans, Sutton and Wandsworth.