An expert has observed that loft conversions are the "number one home improvement" for Brits at the moment.While considering converting a loft, homeowners should consider improving their loft insulation to maximise the efficiency of their home and save money on energy bills.
Jason Orme, editor of Homebuilding and Renovating Magazine, is not surprised that Brits have shifted their attention away from moving and towards improving, given the current economic downturn.Regarding space requirements for new parents, he commented that "people's circumstances don't just stop because of the recession".
Mr Orme said: "Loft conversions are slightly easier to do now due to planning regulations."When people look to maximise or even add space they look to add bedrooms and a loft conversion is much easier and cheaper than building an extension."
According to Sainsbury's, an estimated 425,000 loans were taken out for home improvements last year.There was a 53 per cent increase in the number of loans taken out partially or wholly for home improvements from 2007 to 2008.
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