Are we about to see a home renovating boom?
During the lockdowns of the Covid-19 pandemic, many of us took the opportunity to redecorate and in some cases renovate our properties while we had the time to do so. Of course, life has returned to what we would mostly consider normal, but that doesn’t mean we’ve given up on home improvements.
In fact, an article for Yahoo Finance noted that in the US there is expected to be a boom in home remodelling projects in the coming years. The main reasons are ageing housing stock that will need renovations, homeowners being reluctant to move if they have locked in good mortgage deals, and high levels of homeowner equity.
Although the property market in the UK is not the same as over the pond, there are similar signs here. Many properties in this country require renovation work to make them more energy efficient and, with the government’s scheme to support households with their energy bills coming to an end in March, this is likely to become a hot topic for many.
As we all know, mortgage rates in the UK have risen dramatically since the latter half of last year, so those who secured a good rate before all the market turmoil will likely want to stay put for the same reason.
In addition, the rise in house prices in the UK means that many homeowners do have more equity, which means it is easier to obtain the funds required for a larger home renovation project.
So, if you don’t want to move and you don’t feel as though your home currently meets all your needs, the next best option is to carry out a house refurbishment in Bournemouth, Poole or Christchurch.
Here at Bournemouth Constructions, we pride ourselves on helping all of our clients turn their houses into real homes. We want to understand why you want to make changes to your property so that we can ensure the plans we create for you truly will meet the needs of you and your family.
Even if you have ambitions to sell in the future, carrying out a home renovation is a great idea because it can not only add value to your property, but also give you a much nicer space to live in until you are ready to move onto your next home.
As Checkatrade certified builders, you can rest assured that your home renovation project is in good hands. Our team of professional tradesmen are not only highly skilled, but also incredibly passionate about their work.
We will always do our utmost to deliver the highest quality service, whether we are helping you with a home extension in Christchurch or fitting a new bathroom in Poole.
We also make sure we look for the most energy efficient options for all of our building projects, whether we are sourcing insulation for your loft or helping you select new appliances for your kitchen.
Our team of professionals truly cares about your home and we are always excited to support new clients on their journey to creating their dream property. Get in touch with us today to find out more about our expertise and to learn how we could help you.
