Traditionally, the term ‘starter home’ was used to reference a small home which young couples purchased shortly after marriage. Sometimes they had a single child but were planning for more in the future. A starter home was the perfect way to build equity whilst saving for a larger home as the family grew. Unfortunately, the bubble burst in 2008 and 2009 so that starter homes have taken on a whole new meaning.
No longer are young couples looking to buy a smaller, less expensive home with the hope of upgrading to a larger home in the near future. Now a starter home is a dwelling which can be extended to add living space over time as the need arises. According to Stacks Property Search spokesperson, Linda Jeffert, potential homebuyers are looking for ‘starter homes’ that can be expanded along the way.
Many consumers look for outbuildings which can be converted to home offices or guest quarters whilst others want garages which can be converted into studios to be let out for extra income. Some families prefer loft conversions because of the multiple benefits to be had but, in any case, a starter home no longer means a stepping stone to a larger home. A starter home now carries the definition of being a ‘foundation’ which can be expanded as needed.
Before choosing a starter home, take the time to think about how much room you are likely to need and the cost involved in converting that space. Additions are extremely costly whilst garage and outbuilding conversions are next in line, cost wise. Loft conversions are generally the least expensive but only if the roofline doesn’t need to be altered. At that point there are a host of other issues to be dealt with such as planning permissions. You may want to speak with a Trustmark approved builder or roofer before making plans for loft conversions because they are in the best position to advise you in terms of cost and how to go about getting permissions if they would be required.
Bio: Celebrating more than 90 years in the industry My Redland Roof has become a name to be relied upon in terms of product and service. Trustmark approved Redland Select Installers using Redland products can provide an iron-clad guarantee by installing Redland products per company specifications.