Are small houses going out of fashion?
An article in the Times a few weeks ago suggested that Autumn will be the season for ‘up-sizers’. The article stated that since the mortgage crisis began, home-movers with growing families have had to wait as higher mortgage costs have left them stranded in properties they would rather move our of. It suggested that many buyers understandably didn’t want to take out the considerable extra debt needed to afford a bigger home.
With mortgage rates are now falling consistently, analysts think that this autumn may be the time when up-sizers re-enter the market to find those extra bedrooms they desperately need.
Adding to this, our changing living habits mean that larger properties are more popular than ever. Estate Agents Savills say that four years after Covid the percentage of people working from home is still twice as high as the pre-pandemic average; so the demand for flats and apartments continues to be low, whilst the demand for large family homes is rising. The issue is that large family homes are still not readily available and if they are, they are often dated and badly laid out for modern living. Smaller bedrooms, only one bathroom and kitchens that are dislocated from other living spaces are common issues.
How can Living Space Architects Help?
Living Space architects offer initial consultations to home buyers to help them see the full potential of any home they are considering purchasing. This can include looking at re-organising the space, removing walls and creating a better flow, or adding an extension to create the all important open plan family room. “Often homes will have the right number of bedrooms (even too many), but they might be too small for a double bed” says director Kirsty Curnow-Bayley “we frequently look at how rooms can be combined so that there are no arguments over who has the biggest room!” Other issues might be only one bathroom for 4 or 5 bedrooms, or kitchens tucked away in the darkest corner of the house, reflecting the fact that these houses haven’t been changed for 30 or 40 years.
Other issues to consider when you re looking at a larger family home are how well it performs thermally and what the existing heating system is like. Stuart Bayley, who specialises in retrofitting properties at Living Space, says this is often something that buyers don’t have enough information about when they are looking at homes “You need to be incredibly careful when you are introducing new insulation, particularly with a solid wall house. We can very quickly asses what might be required so that you better understand what might be possible”. Once an initial assessment has been done of the property better choices can be made about the type of sustainable heating solution and what options theres are for windows, doors and insulation. “A fabric first approach is always better if possible” says Stuart.
So if you are looking for help with your home renovation or extension in Devon, Cornwall or Somerset Living Space Architects in Exeter are ready to help.
So where is hot right now?
As people are still feel constrained by finances, the areas where property sells the quickest still tend to be regional cities or cheaper suburbs as buyers try to get more space for their money. People will be demanding value and while London and the southeast remain expensive, cities such as Exeter, with its high quality of life combined with good transport links will be likely be high on the agenda for this looking for value combined with work life balance. Towns like Topsham, Chagford, Tavistock, Exmouth and Shaldon have always been high on the list. Other areas like Star Cross, Exmouth, Crediton or Okehampton might also be good bets as they have train stations and good access to beautiful countryside. Those with a desire to live a more off grid life (whilst still being able to dial into a meeting online) might consider being further into Dartmoor or Exmoor – towns like Ashburton and Tavistock offer the best of both worlds, with the facilities of a town combined with great access to the moors. Beautiful villages like Lustleigh, Meavy or on Exmoor Dulverton, Dunster or further north the gorgeous Porlock and Lynmouth.
When it comes to the hottest cities, Bristol is topping the current list for the highest number of properties under offer, with Plymouth and Bath also in the top 10. Schools are an important driving factor, with enquiries for good state schools likely to have been accelerated by the government’s plans to put VAT on private school fees. With the south west offering a large number of state run grammar schools and excellent state secondary schools it is no surprise families are looking at moving westwards.
If you are looking at buying a new home in Devon or the Southwest and would like help looking at alternative plans, renovations or extensions, get in touch with us here at Living Space Architects. We can help you with the layout, imaginative ideas for alterations and the potential build costs. If you re worried about whether your proposals will require a planning application we can also give advice about planning restrictions and possibilities. We have experience of all the Local Authorities in the southwest and have submitted successful applications for extensions and new homes in Teignbridge, East Devon, West Devon, Mid Devon, Dartmoor National Park and Somerset Local Authorities.
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