How often have you heard the saying, "Don't move, improve!"? Over the years, as the housing market has grown, this advice has become a mantra, even inspiring TV shows like "Love It or List It" and "Renovate, Don’t Relocate." Traditionally, it's been more economical to enhance your existing home—through extensions, conversions, or updates like new kitchens and bathrooms—than to face the costs of relocating, especially with skyrocketing property prices.
However, the combined effects of rising inflation and Brexit on the home improvement sector have shifted this perspective. The cost of home renovations has surged dramatically in the last five years. Which? reports that the price of installing a new kitchen has increased by 22% since 2019. Similarly, the costs for extensions or loft conversions have risen sharply, now becoming prohibitively expensive for many, costing tens of thousands of pounds more than just a few years ago.
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