Government proposals make it easier for homeowners to extend properties
- 31st July 2015
- Property Tips
Proposal to boost UK’s housebuilding productivity has positive impact on residential property market
New Government proposals have been announced making it easier to add extensions to homes and to build on brownfield sites.
The Government has launched the proposals in an attempt to reduce the productivity gap between the UK and other leading nations by boosting Britain’s building industry as it is seen as the easiest way to increase the county’s productivity.
Proposals set out plans to boost UK productivity over the next decade. These include speeding up housing starts and make building new homes easier, as well as making it easier to build extensions or extra storeys on existing homes.
Stephen Ludlow, Chairman at ludlowthompson, explains: "The proposals are good news for homeowners and landlords alike.
"By building an extension, homeowners can often boost the value of their properties immediately, making it more attractive to buyers if they are looking to sell their property at some point in the future.
"Families or couples who are looking to have children or just need extra room, the ease of extending the property would be ideal as they will not have to think about re-locating.
"Landlords could also see increased returns by extending their properties enabling them to provide accommodation for an additional tenant or enabling them to increase rent entirely on the whole property.
"Increased capacity will also go some way to filling the property shortage in the capital, boosting labour mobility.’’
The proposals are good news for homeowners and landlords alike
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