Become your own neighbour – buy next door
the usual costs of selling a home and buying a bigger one,” says Sara Ransom of buying agent Stacks Property Search.
There may even be some financial gain in buying next door. “I encourage my clients to do so at every opportunity, where their financial position allows,” says Marc Schneiderman, of estate agency Arlington Residential. Even when the space isn’t needed immediately, he is looking long term at the investment value of having a handily located spare property to rent out, to eventually sell as a project for someone else to convert, or use some of next door’s garden to add to your own. “You may only get the opportunity once to buy next door, so when it does become available, consider it very closely,” he says.
Making a huge profit is