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Granite Building Warranties are specialist independent brokers of building warranties for the construction industry and for a quote or further information please contact Ed or Kelly on Tel: 01284 365345 or email ed@granitebw.co.uk / kelly@granitebw.co.uk
When looking to increase space in your home one of the most popular choices has often been to go upwards into the loft, but with soaring building and timber costs does this still represent value for money?
Average building costs are around £250-£300/sq ft so a couple of bedrooms and a bathroom could cost around £120,000 but could add around £150,000 to the value of the home thereby making this a good investment.
Adding an extra bedroom and bathroom to a smaller house will be more likely to increase its value as you are widening its appeal to a larger market sector. However, adding too many bedrooms and having not enough living space to accommodate everyone or ending up with an unbalanced home or overdeveloped plot will not be attractive to buyers, even if it works for you.
In the current market, with falling house prices, a loft conversion in some areas is unlikely to add value in the short term but stay put for a few years and a well-balanced conversion is likely to give you a good return on your investment.
As is the case with all significant building projects, you will need a structural warranty. Please contact Granite Building Warranties are specialist independent brokers of building warranties for the construction industry and for a quote or further information please contact Ed or Kelly on Tel: 01284 365345 or email ed@granitebw.co.uk / kelly@granitebw.co.uk
Your basement transformation journey has reached its exciting final phase! With the construction complete, it’s time to bring your vision to life by equipping this newfound space with all the essentials. From cosy furnishings and innovative lighting to the latest in insulation and heating solutions, we’re here to guide you through the finishing touches that will turn your basement into a functional, comfortable, and vibrant extension of your home
Consider your options carefully if dealing with an uneven basement floor. A standard solution is adding screeds, or concrete layers, atop the floor slab. Screeds offer a solid base for various finishes but can increase floor height. Alternatively, floating timber floors, constructed from tongue and groove boards over a waterproof membrane and insulation, offer a practical solution. Incorporate underfloor heating for added comfort and efficiency.
Insulation is key to a welcoming, energy-efficient basement. Focus on interior wall insulation, as exterior insulation is typically part of the initial construction process. Affordable options include:
Proper ventilation is critical in basements to replace stale air and control humidity. Utilise windows, open staircases, extractor fans, and ventilation units effectively. Also ensure the basement is waterproof.
A cosy basement needs adequate heating. Options include:
Basements often lack natural light, so creative lighting is essential. Avoid pendant lights in low-ceiling basements, opting instead for:
By enhancing your basement conversion guide with these additional considerations, you can create a space that is functional and comfortable but also safe and compliant with local regulations.
The primary goal of basement conversions is to extend your living space into a welcoming and, most importantly, dry area. The key to achieving this lies in effective basement waterproofing.
The process of waterproofing a basement includes blocking water entry. It can be achieved through various techniques such as:
The most effective waterproofing approach considers the basement’s intended use and combines various waterproofing systems. Each method has its strengths and should be tailored to suit specific conditions.
Before waterproofing, ensure to:
For optimal results, engage a professional specialising in basement waterproofing. Verify their credentials, focus on the guarantees offered, and consider if they are affiliated with organisations like the British Structural Waterproofing Association.
A waterproof basement prevents mould and rot and significantly increases property value. This added living space is particularly appealing in urban, high-value areas, especially London.
All waterproofing systems should comply with the BS8102 guidelines. Familiarise yourself with these standards and the importance of sump pump maintenance and backup systems.
A dry, welcoming basement property is more valuable and appealing to buyers than one with damp issues. Addressing waterproofing effectively can prevent long-term structural problems and make your property more attractive in the housing market.
Interior drainage systems are crucial in basement waterproofing, especially in managing and redirecting water infiltration. Here’s an overview of how they work and why they are essential:
Interior drainage systems offer an effective way to manage basement water issues, particularly with other waterproofing strategies. However, it’s crucial to assess each situation individually and consult with waterproofing professionals to determine the most appropriate solution for your basement needs. More on basement conversions.
Once the basement is waterproofed then it’s time to finish the basement.
For further information please contact Ed or Kelly on Tel: 01284 365345 or email ed@granitebw.co.uk / kelly@granitebw.co.uk.
The United Kingdom is currently grappling with a significant housing crisis, a situation where a substantial segment of our population lacks access to safe, suitable, and affordable housing. The government’s ambitious target of constructing 300,000 homes annually remains unmet, leaving many to question the root causes and potential solutions to this pressing issue.
Autumn budget pledged 180,000 new and affordable homes annually, however the real figure is in excess of 300,000 homes.
Limited Supply of Homes: One of the principal reasons for the housing crisis is the acute shortage of housing. Despite the government’s commitment to building new homes, there’s a marked discrepancy between the number of houses available and the growing demand. This imbalance has escalated house prices and rental costs.
Population Growth: The UK has experienced a steady increase in population over the past decades, intensifying the demand for housing.
Affordability Issues: The high cost of housing, an increase of 34% since targets announced in 2017 compounded by the living cost crisis, has made it increasingly difficult for individuals and families to afford suitable housing. There is a need to build the right sort of houses.
Diminishing Social Housing: The availability of social housing, which offers affordable accommodation to those in need, has declined over the years.
The Impact of the Buy-to-Let Market: The trend of purchasing properties for rental purposes has reduced the number of homes available for purchase, thereby inflating prices and placing additional hurdles for first-time buyers. But many landlords are currently selling up which increases the stock for buyers but puts more pressure on rental market.
Regional Disparities: The crisis is more acute in densely populated areas and cities where job opportunities and economic growth have led to higher housing costs.
The current planning system is out of date and under resourced. An urgent overhaul is required to speed up the planning process, which will allow sites to move forward more quickly.
There remains a shortage of skilled trades to build the houses due to Brexit and Covid.
The government’s aspiration to build 300,000 homes annually has been declared unachievable by industry experts. Policy changes, including making local housing targets advisory, have led to a projected decline in annual housebuilding. Additionally, only 40% of local planning authorities have up-to-date local plans, with debates over housing numbers causing further delays.
At Granite Building Warranties Ltd, we believe addressing this crisis requires a multifaceted approach:
Granite Building Warranties are specialist independent brokers of building warranties for the construction industry and for a quote or further information please contact Ed or Kelly on Tel: 01284 365345 or email ed@granitebw.co.uk / kelly@granitebw.co.uk
Expanding your living space through home extensions is a popular way to adapt your home to changing needs in the dynamic housing market. Whether you’re looking for an extra bedroom, a larger kitchen, or just more living space, understanding the different types of home extensions and their specific requirements is crucial. This guide explores London’s most common types of home extensions, along with insights into insurance and warranty considerations for each.
Ideal for ground or first-floor expansions, single-story extensions are a cost-effective way to add rooms like bedrooms, bathrooms, or additional living space. They are less complex and generally more budget-friendly.
Insurance and Warranty Considerations:
A two-story extension adds considerable room for those needing substantial space by building an additional floor. Perfect for multiple new rooms or expanded living areas.
Insurance and Warranty Considerations:
These extensions expand the side and rear of your home, offering a spacious, open-plan area. They are ideal for combining with kitchen extensions but have a higher price tag.
Insurance and Warranty Considerations:
Conservatories add a glass-walled living area, usually at the back of the house. Due to energy efficiency concerns, they’re less expensive than traditional extensions but might not be suitable for year-round use.
Insurance and Warranty Considerations:
Transforming your basement into a functional area adds valuable space but can be complex and costly, often requiring structural modifications. However, we take a look at the benefits that could be had by having a basement conversion.
Insurance and Warranty Considerations:
Loft conversions are perfect for utilizing unused attic space. They can be complex, possibly requiring structural reinforcement, but effectively add rooms like bedrooms or bathrooms.
Insurance and Warranty Considerations:
Garden living pods are modern, standalone structures that offer an innovative solution for adding functional living space. Ideal for home offices, studios, or guest rooms, these pods provide flexibility and can often be installed with minimal disruption.
Insurance and Warranty Considerations:
From traditional extensions to innovative garden living pods, expanding your home offers various options to suit different needs and preferences. Remember to factor in the aesthetic and practical aspects, essential insurance adjustments, and warranty protections for your new space. Whether you choose a loft conversion, a basement extension, or a trendy garden pod, thorough planning and professional advice are key to a successful home expansion project.
What is the most cost effective way to increase the value of your home when expanding living space?
Answer: Adding Another Bathroom: Affixing a half-bath onto the side of your house or transforming an existing half-bath into a full-size bathroom can be surprisingly affordable and can greatly increase the value of your home
What are the legal requirements for building a home extension in the uk?
In the UK, there are specific legal requirements for building a home extension. These include obtaining planning permission and complying with building regulations. Here are the key points to consider:
The past decade has witnessed notable fluctuations in the UK housing market, with prices experiencing dramatic increases and notable dips. This comprehensive overview explores the factors and specific events that have shaped house prices over the last ten years.
The fundamental driver of house prices is the balance between supply and demand. In recent years, rising population growth, increased household formation, and growing disposable incomes have significantly boosted demand. This, coupled with inadequate supply, has led to a sustained rise in house prices.
Interest rates play a crucial role in housing affordability. Lower interest rates make borrowing cheaper, thus fuelling demand and escalating prices. On the other hand, higher interest rates make mortgages more expensive, dampening demand and slowing price growth.
Initiatives like Help to Buy have made homeownership more accessible, stimulating demand and, consequently, prices. These policies often aim to support specific market segments, such as first-time buyers.
The strength of the economy significantly influences house prices. Economic booms encourage spending and investment in housing, while recessions typically lead to cautious spending and stagnation in the housing market.
Continued Low Interest Rates: Despite the pandemic, the Bank of England maintained low interest rates, making mortgages more affordable and further supporting demand for housing.
2022: Return to Pre-Pandemic Price Levels: House prices surpassed pre-pandemic levels, reaching record highs in several regions. The combination of pent-up demand, low interest rates, and the lingering effects of the stamp duty holiday continued to drive market activity.
Rising Inflation: Inflation began to rise sharply, putting pressure on the Bank of England to raise interest rates. This shift in monetary policy signaled a potential slowdown in the housing market.
2023: Interest Rate Hikes: The Bank of England responded to rising inflation by raising interest rates several times throughout the year. These increases have impacted affordability, leading to a moderation in house price growth.
Economic Uncertainty: The ongoing war in Ukraine, global supply chain disruptions, and the lingering effects of the pandemic have created economic uncertainty, which could influence future house price trends.
The last decade has seen a complex interplay of factors influencing the UK housing market. From supply-demand imbalances and economic shifts to government policies and global crises, these elements have steered house prices on an eventful journey.
While the market has shown resilience and growth, it remains subject to cyclical trends and future uncertainties. As we look ahead, it is crucial to approach the housing market with a well-informed and balanced perspective, recognising that while growth has been robust, it is not guaranteed to persist indefinitely.
With the rising costs of housing prices this has also had an effect on a 10 year new build warranty. Of course at Granite we strive to be a competitive provider in the marketplace.
Midlands based housebuilder Hayfield Homes are leading the way in eco home building at their latest development just outside Worcester.
All homes will be built with an air source heat pump – therefore no connection to the grid is required.
The heat pumps, located externally, operate continually to drag heat from the ground and outside air into the heating system inside the homes creating little noise as they are based on acoustic feet.
The size of pump is determined by the size of house from 9kw for a 5 bed detached down to 4kw for a 2 bed.
The larger houses are also equipped with underfloor heating to maximise the efficiency of the heat pumps.
Hayfield Homes started fitting air source heat pumps in their new builds back in 2019 to get ahead of the curve before the Government’s new building standards come into force in 2025 pushing fossil fuels out of all new build homes.
The use of air source heat pumps is essential if the Government is to reach its net zero target by 2050.
There is one challenge with this move to cleaner energy, that is the demand on the electricity grid and Hayfield have had to create new electricity substations to meet the demands of its new homes.
When used correctly, it is proven the efficiency and cost effectiveness of air source can be very significant.
For further information please contact Ed, Kelly & Issy on Tel: 01284 365345 or email ed@granitebw.co.uk / kelly@granitebw.co.uk / issy@granitebw.co.uk
According to the Wildlife Trust, the UK has lost 97% of Lowland meadows since 1930 (1), with the government’s target of 300,000 homes a year, the UK will continue to see this percentage climb. As crucial as it is to meet this target for new homes, we must preserve our Nature and Wildlife.
Developers, when building new homes, are obliged to minimise the risk to surrounding biodiversity and should provide a Protected Species survey (2), ecology report or environmental report for their planning application.
It’s important Planners and Developers understand different species, the types of environments these species live in and how we can mitigate damage to their habitats, with relevant developments including New Builds, Conversions, Demolition, Extensions and Roofing Work.
Developers when building new homes, are obliged to minimise the risk to surrounding biodiversity. They are to provide a Protected Species survey, ecology report or environmental report for their planning application.
A local example is Trumpington Meadows just outside of Cambridge, a 1,200-home development, with 58ha of greenspace (3). The interesting design has allowed for the Greenspace to be in one single block, rather than dotted throughout the development, Allowing for a beautiful nature reserve and home to many species.
A further example is Mace’s recent announcement to create 2000m of Shallow foot drains at Fobbing Marshes, Essex (4). This will allow water to be held closer to the surface to improve the quality of the grassland for Wetland Birds & Invertebrates.
Biodiversity Net Gain is the idea of implementing systems which ensure the impacts of a development are overall positive and aims to leave the natural environment in a measurably better state than it was before, requiring a 10% minimum net gain for biodiversity, through enhancement or habitat replacement on or near a new development site.
Through the environment Act 2021, this will become mandatory from November 2023, which will enable developers to commit to Climate Change.
Since buy to let mortgages were introduced in 1996, many investors have chosen bricks and mortar as a good investment, pushing house prices up and reducing stock for those looking to become first time buyers.
In 1996 houses cost 2.8 times the average wage but this rose to 6.9 times the national wage in 2022, the highest ever, making home ownership unaffordable for many. Simultaneously the number of tenants more than doubled. So it would appear that private landlords are responsible for reduced housing stocks and high prices.
However, forcing landlords to sell up and release properties back into the market will not necessarily fix the problem as Government is dependent on the private rental sector and Government policies have only added to this problem.
Policies including the reduction in tax relief on buy to let mortgages, increasing stamp duty on second homes, the up and coming Energy Performance Certificate targets and the strengthening of tenants rights have caused some landlords to get out of the market but the housing stock crisis continues and worsens as remaining stock is being rented at a premium. According to the Office for National Statistics rent growth hit 4.2% in December 2022, the highest growth rate since records began in 2016.
In addition, post pandemic, a third of poorer renters are now on housing benefit and so the private landlords are increasingly leasing to social housing providers and councils and the taxpayer is funding this.
Essentially the Government must increase the amount of social housing to replace all that was sold off during the 1980s otherwise the dependence on the private landlord can only increase.
For further information please contact Ed, Kelly & Issy on Tel: 01284 365345 or email ed@granitebw.co.uk / kelly@granitebw.co.uk/ issy@granitebw.co.uk
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