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Garage Conversions Crack Housing Market Meltdown

2008-06-20

June 20, 2008, Press Dispensary. The number of homes being built in Britain has slipped to its lowest level since 1945 and plummeting construction activity is expected to lose the industry as much as 100,000 jobs. But one construction company is bucking the trend. Spacegain Garage Conversions, based in South Wales, helps hard-pressed homeowners turn surplus garage space into extra living accommodation, and is taking on more staff as demand for its service grows.

Spacegain provides a professional garage conversion service to turn this cold, often unused space into comfortable living accommodation, usually within ten days. Garage conversions can provide an extra guest bedroom, granny flat or study - without having to move to bigger premises. The company has recently completed several conversions for children moving back in with their parents.

A garage conversion can add - or help retain – the value of a property as the housing market declines. And, for homeowners feeling the pinch, a conversion offers the opportunity to earn extra cash towards the mortgage and bills. Spacegain specialises in en-suite self-contained conversions, enabling families to take in a lodger without losing their privacy.

Spacegain partner Stephen Bowers explains: “As the credit crunch develops into a full-blown housing crisis, families needing extra room are faced with the prospect of a costly – and potentially risky - move. And that’s if they can get the funding - the Bank of England reported a 48.7% drop in mortgage approvals in April 2008 from a year earlier, due to tighter lending conditions.

“A garage conversion is a much more affordable way of gaining extra living space, without having to move or build an extension, and could even help increase the value of your property. Thanks to Spacegain there’s an upside to the downturn in the housing market.”

The experienced Spacegain team already has numerous successful conversions under its belt, and takes care of everything from initial design and planning application to plumbing, electrics and decorating. The company is a member of the Federation of Master Builders (FMB) Masterbond Scheme and offers a ten-year insurance backed warranty on all work undertaken, for total peace of mind.

Initial quotes can be obtained by calling free phone 0800 5999 451 and information is available at http://www.spacegain.co.uk .

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Notes for editors
Spacegain Garage Conversions is based in South Wales and run by Stephen Bowers and Martin Roberts. Launched in February 2008, the company already employs nine people. The partners have over 20 years’ combined experience in the construction industry, previously specialising in extensions. The company is a member of the Federation of Master Builders (FMB) Masterbond scheme.

For further information, please contact:
Stephen Bowers, partner
Spacegain Garage Conversions
Tel: 0800 5999451 / 07507 866246
Email:
Site: www.spacegain.co.uk

Media contacts

Stephen Bowers, partner
Tel: 0800 5999451 / 07507 866246
Email:
Site: www.spacegain.co.uk

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