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Is Change Beneficial for Property Owners?
In times of uncertainty within the housing market, homeowners grappling with whether to sell or stay are often left pondering: Is a change as good as a restoration? According to recent research conducted by Barclays Bank, a significant 43% of individuals plan to enhance their homes this year rather than relocate, a stark contrast to just 16% who are considering moving. This shift underscores the growing trend of investing in renovations to both improve personal enjoyment and future home value.
Understanding the Impact of Home Improvements
The main driving force behind these improvements is ensuring that properties not only provide comfort but are also energy efficient. Approximately 24% of respondents are focusing on renovations that target energy efficiency, while 28% aim to boost their home's overall value. It's clear that homeowners are increasingly considering renovations as a way to elevate their living spaces while also preparing for potential market changes in the future.
Key Trends to Consider in 2025 Renovations
When considering renovations, prioritizing both personal needs and market trends is essential. Below are three noteworthy trends that promise to enhance both the livability and value of homes:
- Sustainability and Energy Efficiency: Upgrades such as double glazing are crucial in enhancing energy efficiency, ultimately leading to reduced energy bills and lower carbon footprints.
- Expansive Glass Installations: Demand is rising for homes with large glazed areas, as they allow for natural light and connectivity with outdoor spaces. Solutions like sliding or bi-fold doors are on the rise.
- Multi-functional Spaces: Extensions designed for dual purposes not only serve the current lifestyle needs but also attract buyers, making properties more marketable.
The Golden Rule for Home Improvements
While it's tempting to focus solely on potential resale value, homeowners should first invest in changes that resonate with their personal needs and lifestyle. Quality matters—selecting enduring materials can lead to long-term satisfaction and value appreciation over time.
Conclusion: Balancing Changes with Restoration
As homeowners decide between changes and restorations, the key lies in embracing personal preferences while staying informed about market trends. With a careful approach, renovations can lead to better living conditions while also ensuring a promising return on investment in the future.
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