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Tue 24 Mar 2015

Growing families is the top reason for Brits to expand their home

Research from Ocean Finance has revealed that 12% of property owners are looking to invest in their property by creating more space in 2015.
 
The findings show the main reason for improvements such as an extension or conversion is a growing family or grown-up children moving back home. Moving house is costly so it’s interesting to see that some homeowners are keen to improve their current property rather than move.

The survey also found homeowners are also keen to improve their homes this year by decorating (25%), fitting a new kitchen (8%) and having a new bathroom installed (7%).

Ian Williams, spokesperson for Ocean Finance commented: "It's interesting to see that a leading motivation for this is family; whether that's more children coming along or grown-up kids coming back."

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