People Less Inclined to Move Home

A Newport councillor has recently warned that people are far less likely to move homes in the current economic climate, preferring instead to stay in their current home and make improvements. The warning is that this could create problems for first time buyers in the future.

Town and borough councillor Adam Stanton said that Newport Town Council has recognised a ‘noticeable increase’ in applications to extend and modify homes, rather than for new properties.

This trend appears to be mirrored across the country, where fewer people are taking out mortgages, and more and more are improving current properties.

Patrick Beach, from Patrick Beach Mortgage and Financial Services, said ‘The housing market last year was turbulent but it is picking up. I think people are tending to stay where they are and improving properties, they can’t sell so they extend the property or put double glazing in.’

If you are looking for ways to improve your home, double glazing is a fantastic investment. By reducing the amount of heat lost through the windows, your home will be naturally warmer, allowing you to turn down the thermostat and save money on energy bills.

According to the Energy Saving Trust, installing double glazing can ultimately end up saving you money, by knocking an average of £135 from your annual energy bill. Combined with measures such as energy saving light bulbs, loft and wall insulation and draught proofing, this will also greatly help to reduce the carbon emissions that come from energy use in your home.