With the property market at a low ebb we have found that more and more people have opted to invest in their own properties rather than go the expense of moving, particularly when in most cases it is the need for more space that is the deciding factor.
To illustrate the level of interest in basement construction since the start of the ‘credit crunch’, there has been a 20% increase in the first quarter of 2009, compared to the first quarter of 2008.
The creation of a basement floor level provides genuine living space, with the possibility of constructing a basement below the entire property and even beyond, i.e. under the garden and we can even dig down more than one level, to create all the additional living space required.
Apart from the savings in moving costs, stamp duty and the cost of the larger property, you get to stay in the home that you have probably already invested your time, love and money, perhaps in an area where you have children settled in school.