Protecting Your Investment

 

The credit crunch has impacted on housing dramatically, across all sectors.  For many, the safest and most profitable way to continue up the property ladder is to renovate or extend the existing property.

Taking this aproach has several major benefits over selling up and buying again.

•  Lower risk

Absolutely no-one knows how the financial and housing markets are going to behave over the next 1-5 years.  Some people reckon that the downturn will reverse shortly and things will revert to the good old days, others forsee that the housing market will never be the same again with minimum deposits of 70% for mortagages being the norm.  Maybe a middle-course is more likely, but no-one is certain.

Renovating or extending your existing property offers the stability and security of retaining your existing home, whilst adding the features and benefits that you wish in a controlled and phased manner. It need not be all or nothing; you can control the process,  the timescales and the spend.

• Minimised disruption 

Moving house is one of lifes more stressful activities; taking into account schools, neighbours and many other factors in addition to the expenditure

• Higher return on investment

Buying a new property at this point in time as an investment does not offer the probable return that it did 12months ago. You are more likely to maximise your investment through renovating or extending your existing property.

For a start you can discount many of the fixed overheads associated with a new property i.e stamp duty, estate agents, legal and removal costs. Neither are you contributing to the profits of the property sellers. Also forget potential multiple survey fees and the lottery of offers-over bidding.

We can advise you on the renovations or extensions which will add most value to your property.

Talk to us we can help