01/01/2020
It’s the time of year when people start to think about moving, but should you?
Could your current home become your Forever Home?
Most homeowners look to move to achieve additional space, but sometimes this move can be made at the wrong time, with the result that you have the optimum space for a short period of time. This happens more so with families, who buy larger houses for a period of say ten years. Once the children are through their teenage years, you wonder what to do with the space once they’ve flown the nest.
Creating your Forever Home earlier has a significant number of benefits, rather than continual upsizing, then downsizing. It allows you to invest into your property to meet your foreseeable needs, as your life changes. Remember, every time you move you have the costs associated with it, such as estate agency and legal fees, moving costs and tax (Land and Buildings Transaction Tax), which for a typical four bedroom house could be over £10,000.
The Forever Home in essence, is a home where you can have children, giving them space to grow up and then for you to retire into.
The key to a Forever Home is flexibility. Think of rooms as spaces and how they can adapt to your changing needs. Can spaces be merged into one, or sub divided easily? Is the property in a locality which has all your needs? Is it possible to convert one of the downstairs rooms into a bedroom with shower room, if you have mobility problems later in life? With home working becoming more common, can a space be identified for an office?
If you are investing into a Forever Home, it can be made energy efficient. You can upgrade the thermal envelope, as it will likely pay for itself over your ownership. Areas can be zoned to reduce heating costs, when spaces are not used. This can be undertaken with intelligent heating solutions.
If you would you like local professional property advice on how to make your house your Forever Home, Low and Wyse Limited can provide advice on how to refurbish, maintain, alter and extend your property to meet your needs.