Talking to The Telegraph at the end of July, TV property expert Phil Spencer reckons the property market is difficult to read right now “It is very difficult to fathom what is going on at the moment,” he says. “One set of stats says the market is going up and another says it’s going down. “Then you have to look at the year we have had so far. First, there was the snow, then the general election. Next, everyone said wait until the World Cup is over, then everyone said wait until the summer is over.
“Clearly, the market overall is not going to be rising by 10, 15 or 20 per cent a year, like it has done in the past, but I do believe it will rise by small amounts, maybe two or three per cent a year.
“What this means, of course, is that owning a home is not, in itself, going to earn you enough money to move up to the next price bracket, to the next rung on the property ladder. You can’t just sit back and wait for your house to make you enough money to move on. You are going to have to take active steps to create that extra value for yourself.”
One of the examples Phil cites as a way to add value to a property investment is to ‘bring the garden into the house … and to view the garden as another room’. That means extending your indoor living accommodation quite literally to the space outside. According to Phil, transforming the garden into a welcoming outside room, can add two per cent to the house value. Glass patio doors, outside lighting and a deck are all useful features to incorporate if you want to encourage a seamless transition from indoor to outdoor living – speak to a member of the Lime Orchard design team for more details.
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