UK family got on property ladder by buying Garage
April 19, 2012 1 Comment
The UK is witness of a unique new property investment, made by the Borman family from St Neots, Cambridgeshire. They found an extraordinary way of getting on the property ladder. Instead of buying a bigger home, they invested in a garage which they turned into a new living room.
The Borman family has been living in the St Neots, Cambridgeshire whole their lives. The 44 year old Martin, his wife Lindy and daughter Amber were having a hard time living in a house that is just too small for them. They had thought about investing in another property over and over again but due to their current financial situation they were not able to buy themselves a new home. Even though they could afford to buy a new home, they knew something had to change. Therefore they used the money they had saved up to buy themselves a £6,500 lock-up garage and turned it into an extra room.
As you can see in the pictures, they have painted the interior white and furnished it with a table and four chairs. Also a beautiful painting has hung on the wall to give their new place a more cozy and colourful hue. To make it more lively, they placed a bookshelves and hang up a chandelie. The finishing touch is the sheepskin rug on the floor. Now they can really enjoy their new extra room.
Their first investment in bricks was celebrated with a barbecue party including an official ceremony where Martin and Lindy cut a ribbon-court. They couldn’t be happier with it. Martin, who works at a printing firm, finds this a great investment. The current place they are renting is what he calls a one-and-a-half bedroom house. This will never make them any money in the future so there’s no reason of investing in it.
Now they are on the property ladder, the next step is already planned. They want to buy up adjoining garages, so they can knock the walls through and expand their extra room.
|Photo: Flickr / Tachyondecay|