With government spending cuts and tax increases around the corner and with an already dodgy housing market leaving people afraid to make a move, now is the time to extend instead of selling. The sheer stagnant uncertainty of the market is making more and more people stay where they are and is making buyers and sellers afraid to act on every little trend that comes and quickly goes – any badly timed decision has the potential to leave you burned.
Luckily there are many opportunities to extend, remodel and add to your home with Ideal Windows and conservatories. Unless you are forced to move due to work commitments or maybe have a growing family, the current climate is a great excuse to save yourself the hassle of moving and work with what you have. You can choose to increase the value of your home now while the market is ‘doing its thing’ and by the time the market has improved, your home will be in pole position to be snapped up for way more than you would have received during the crisis.
Even simple improvements can significantly increase the value and the desirability of your home. For example, Ideal Windows and Conservatories currently have an offer for July: either, buy 4 windows and get the 5th free or get a free UPVC door when you buy 5 windows. Imagine your home emerging from the housing crisis quagmire as the waters recede and the number of buyers grows. Your new improved home will be a step ahead of those who spent months and maybe even years trying and failing to sell their unimproved home. Use your time wisely and you will be rewarded.
There is light at the end of the tunnel for home-owners: 42,000 home loans were granted in May, up 2% from April according to the Council of Mortgage Lenders. While this is an upward trend, there could easily be another dip after the spending cuts and tax increases. However, this figure is 15% higher than May of 2009, meaning that over a longer period the trend is more positive.
Take advantage of the time you will spend waiting for the market to improve. Make the shrewd decision to add to your property and increase the value of what you will have to offer when the market is more favourable.
