Sunday 25 May 2008

Don't move...improve!

I think it is quite safe now to say the housing boom is clearly over!
Things were getting a little crazy out there with a average price of around £160,000 for a 2-3 bed house. You can now drive down a few streets and see the same old For Sale signs which have almost become a garden orniment.
Looking on the bright side at least the 1st time buyers have got a chance to get on the property ladder, even more so in a few months. So where does this leave the poor home owner with a 95% mortgage who just bought there property in the last 6 months. Well your going to have to dig in and save your cash incase the repayments fly up. Hopefully you did not buy the best house on the street so you can DIY your money back, maybe

So what about the familys who need an extra room for there growing family?
Well Don't move improve! Get your loft conversion done or an extension for 1-3 rooms extra. You could end up with a better house than if you had moved. Plus extra rooms always adds equity to your property.

In a nutshell we are going to see a big rise in home improvements towards the end of this year or maybe sooner. Don't leave it while the last minute and struggle getting your house improved.
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