February 2009
Base Rate Cut Could Prove ‘Suite’ for Home Owners?
It’s estimated that over 5 million homeowners have tracker or variable rate mortgages. So with the Bank of England’s base rate at a record 1%, many could enjoy a fall in monthly mortgage repayments.
If you’re one of the lucky ones, benefitting from a reduction in repayments, use it wisely and invest in your property. The housing market might be flat but improved properties will still reap future benefits.
Bathrooms are a great place to start and according to The National Association of Estate Agents, a second bathroom or ensuite can add up to 5% to the value of your home. High priority for house buyers is more than one bathroom and if space is an issue, there’s some great products on the market that can help you transform the smallest space into a wash room.
Dana Davies, Managing Director at Merlyn Industries Ltd comments "When space is limited it’s essential to maximise every millimetre! There’s some innovative products such as the ‘infold’ which tucks inwards without compromising the space either inside or outside of the enclosure. Perfect for an ensuite bathroom. Doors are also available from a compact 700mm."
Minimalism is still a desired look for the bathroom. Wet rooms are a great way to achieve this and they don’t require much space. Another trend we can expect to see more of is bringing the open plan format to the bedroom. Washing facilities are being incorporated into the bedroom using only a frosted glass division to section the bathroom from the bedroom. Toilets fortunately are continuing to remain private!
This year, Bathroom companies will be offering more choice and flexibility with innovative space saving options. Merlyn is launching a number of ranges to accommodate customers’ needs whatever their space requirements.
