Invest in your existing home January 31st, 2008

Research from Standard Life Bank shows that a growing number of people are choosing to ‘do up’ their existing home, rather than move to a new property.

With relatively high mortgage rates, the new Home Information Pack, moving costs, stamp duty and the all important hassle factor, it does make perfect sense to make the most of what you’ve got. And of course it can add significant value to your property.

Not only are people looking at renovating bathrooms or putting in a new kitchen, but are considering more sizeable renovations - such as a loft conversion or an extension.

So if you are looking to invest in property but don’t fancy buy to let or haven’t enough money for a commercial property, why not look a little closer to home?

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