A proposal to enhance UK’s house-building productivity and efficiency has positive impact on the residential property market.
Latest proposals of the Government have been announced, making it easier to put in extensions to homes and to build on various brownfield sites.
The Government has released the proposals in an effort to decrease the productivity gap among the UK and other leading nations, by improving Britain’s building industry for it is viewed as the easiest way to boost the county’s productivity.
Proposals set out plan to boost UK productivity over the following decade which includes; speeding up housing starts and make building new homes easier, as well as making it uncomplicated to build extra storeys or extensions on the existing homes.
These proposals are excellent news for both landlords and homeowners. By building an expansion, homeowners can instantly raise the value of their properties, making it more desirable to buyers if they are planning to sell their property at some point in the near future.
Couples or Families who are planning to have children or for those who just need an extra room, the ease of expanding the property would be perfect as they will not have to consider re-locating.
Increased returns could also be attained by Landlords by extending their properties, allowing them to offer lodging for an added tenant, as well as enabling them to boost rent wholly on the entire property.