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Recent figures from the Royal Institute of Chartered Surveyors (RICS) show that while the housing stock is growing there are fewer houses being bought and sold. People therefore are staying in their homes longer and, according to the RICS, they are moving on average every 14-and-a-half years far less frequently than was the case only a few years ago.
All of this means that more people are extending. In fact it is said that for every person who self-builds there are 15 that add extensions to their homes.
The reasons for all this are easy to see. It often makes more economic sense and is a better use of space. It means we can stay in the same neighbourhood if we like it and that the children can remain at the same school.
An overwhelming advantage of extending and not moving is the issue of stamp duty. It does not take a genius to work out that with stamp duty on the most expensive houses running at four per cent, by the time you have calculated the agents fees for selling your house and the stamp duty on the one you are thinking of buying, you might well find you could build yourself quite a decent extension for the same price.
To enquire about a house extension in the Lancaster or Morecambe area please get in touch with Plan and Design today.