The Alternative To Selling Your House Explored
Posted on Friday, February 10th, 2012
I have to say that the housing market situation here in England is quite shocking. It is not that people do not want to sell their house or even that they want to buy a house – no the main issue is attempting to obtain a mortgage. I have personal experience of this and I have now decided to take an alternative option which is basically to make improvements to my existing house.
Our family originally put our home up for sale around 12 months ago. We had numerous people who came to view the house and three of them even put offers in. Each of them eventually had to pull out – each for the same reason – the banks and building societies were unwilling to lend them a sufficient amount of money. These days you need to have a very good credit score to have any chance of borrowing any cash from the banks or building societies – how many of us have such a credit score in this day and age? Yes very few.
After a long chat and after realising that we had to have a new plan we agreed to upgrade and improve our current property instead.
One of the main areas that we have changed is the flooring. Basically we have installed water underfloor heating in a few of the rooms and electric underfloor heating systems in another.
As well as doing this we have also commenced redecorating the whole house. We have a rather large amount of rooms in our home therefore this is very much a work in progress. In fact I often feel that by the time we have finished we will probably have to start again!
The decision to stay put and to upgrade our existing house is something that as a family we are now very happy with.
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