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House prices have long been something of a national preoccupation in Britain, but in recent years a few of the old foundations of our faith in the property market have been shaken. The common perception that house prices could only go up was exposed by the 2008 credit crunch, from which many parts of the UK are yet to recover. While some regional property markets have been surprisingly resilient in spite of all the upheaval, other areas have seen property prices continue to fall steadily over the last few years. This has had a number of knock-on effects, some of which have had serious implications for many families. The gradual decline in house prices has left many families unable to move due to being trapped in negative equity. As a result of being in negative equity, many people find they are prevented from taking that next step on the housing ladder. This can be particularly problematic for growing families in need of additional space, or those who need to move away to other areas in search of work. It can be hard to know what to do in this situation, but there are steps you can take to boost the value of your property and potentially lift yourself out of negative equity. More and more households, it seems, are being kitted out with garage conversions. There are several good reasons for this. For one thing, potential buyers consistently cite additional space as one of their most sought-after home improvements. Both garage conversions and loft conversions can add thousands of pounds to the value of your home. Obviously, you'll need to do a cost-benefit analysis first to see whether or not you can realistically expect your garage conversion to add more to the value of your home than it costs to have the work done in the first place. Nevertheless, it's useful to know just how sought-after houses with loft and garage conversions can be. There are a number of different purposes to which you can use your garage conversion, and it's worth thinking about these in detail because the purpose you choose is likely to have a major bearing on the design of your garage conversion. You could opt to use your garage conversion as an additional living space, a games room or perhaps a study. Whichever option you go for, you can find useful design ideas and pictures of completed garage conversions online. It's worth keeping a few printouts handy so that you can discuss your design ideas with a firm specialising in garage conversions, as they'll be able to help you get the end product you want. Find out more about Econoloft garage conversions - just search online.
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