Monday 8th August 2011 - Published by Lara Page - Account Manager

Homeowners Fight Market Slump with Room in the Garden

The housing market slump means homeowners must think of new ways of adding value to their properties, and many are now trying to make the most of the space they’ve got.

Latest government statistics, released in July, show that UK house prices fell by 1.6 per cent over the 12-month period to May 2011, and by 0.5 per cent in that month alone.

The figures also revealed that average prices dropped during the year in England (-1.3 per cent) and also decreased in Wales (-6.1 per cent), Scotland (-2.5 per cent) and Northern Ireland (-13.2 per cent).

As a result, homeowners are now turning to a new business, which was founded to help solve the problem.

“This crash in house prices has made it harder for people to move home. As a result, one trend increasingly being seen is the idea of a ‘detached extension’, or an extra room built in the garden, as the way to create extra space and value to the property,” said Nigel Smith, owner of Solihull-based, My Room in the Garden.

The company, founded in June, designs and builds detached garden studios and rooms that can often be built without the need for planning permission.

“In as little as a week, an eco-friendly room can be built, fully plastered, decorated, lit and floored, ready to be used. This is because these buildings are constructed using pre-prepared sections of Structural Insulated Panels (SIPs), a common technique used in the USA, and something that is spreading across the UK,” explained Nigel.

“The structure is permanent, robust and highly insulated, which makes it cheap to run. The cost of a garden room varies with the size of the construction, but prices start from £10,000, and these structures can add significant value to your property,” added Nigel.

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My Room in the Garden - housing market slump - a pr2go story