Our company Eco Living Spaces Limited has seen more people looking at using their garden spaces to build high quality lodges and annexes. This growing trend extends to housing the teenagers and elderly relatives, keeping the family together and taking advantage of the Family property wealth.
It’s the perfect economic solution to releasing capital; property is most people’s most valuable asset. We are all aware of the number of current Equity release offers to release your cash to improve your living or gift your hard earnt money; we support the opportunity of maintaining this wealth by investing in the garden space allowing family members to be close to each other with all the security they need but maintaining much needed independence.
Land for building is at a premium price and in short supply. The current government accepts that there is a desperate shortage of housing.
“Each year we build 100,000 fewer homes than we need, adding to a shortage that has been growing for decades. What’s more our current house building system seems incapable of delivering growth on the scale required. Growing demand means that without a step change in supply we will be locked into a spiral of increasing house prices and rents – making the current housing crisis worse. Government plans to relax planning laws will make it easier to build extensions to provide so-called “granny flats”.
Or, at the other end of the age spectrum; self-contained accommodation for the generation who cannot afford homes of their own.”
Either proposition makes sense from the point of view of using the garden efficiently to keep property wealth in the family. Rising numbers of people are living longer; fragility in old age can destroy a lifetime’s savings. Long-term care bills often exceed average annual earnings and a series of recent reports suggest the service provided can fall horribly short of expectations. By building a bespoke home in the garden, families can look after each other without the huge care costs, or build for the teenagers then swap for mum and dad.
At Eco Living Spaces, we recognise the need to start looking at the Future living choices of our potential clients, working closely with them designing a bespoke build in their garden. We have been designing and manufacturing timber framed homes for over 15 years with great success.
We are very aware of the ecological impact we have on the environment, so all our new builds use local suppliers, sustainable materials and are all energy efficient. “We’ve found that the ecology message is being understood and accepted by all ages, and many of our customers regard how the building is made and the effect on the environment is a major factor in choosing the company they work with,’ states Simon Ball, the MD of Eco Living Spaces.