August 06, 2012 AT 9:23 AM
More home owners extend
More and more homeowners are turning to extensions rather than moving to larger homes
UK homeowners are crying out for more space in their current homes, a recent survey conducted by Rated People has shown. The survey showed that one in six homeowners are dissatisfied with the size of their homes and especially the size of their rooms.
Newly built properties in the UK are the smallest in Western Europe, in fact the average new home in Britain is only 92 per cent of the recommended minimum size. As a result, new homes are not attracting prospective buyers who are looking for more space. People are choosing instead to extend their current properties instead of moving house.
Dermot Steedman, a member of RatedPeople, says, ‘Increasing the size of their current home, instead of moving, is often a financial and lifestyle choice. Conversions and extensions are usually cheaper and less risky than moving and a well planned project will nearly always add value to the property, which is why I chose to convert my own loft.’