Garage conversions crack housing market meltdown

South Wales based construction specialist, Spacegain Garage Conversions, is tackling the predicted property market crash head on by turning surplus garage space into versatile living accommodation to make staying at home the savvy option.

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 (spacegain.co.uk ), 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.

For more information, visit Spacegain.co.uk.