First-Time Buyers Should Invest In Timber Frame Houses

Whether you are looking to build your own home or add an extension to your property, you will take careful consideration of its planning and final layout. In fact, that is equally as important for the material used, especially as building – and the labour – does not come cheap. However, timber frame houses are proving to be a popular option in the UK construction industry.

According to a report from MTW Research (via Planning & Building Control Today), the building material has a strong foothold in the market. Its findings suggest that the production of timber-based properties will surpass 60,000 units in 2018. To put that into some perspective, the orders on the material will be worth £700 million.

Mark Waddy, director of MTW, commented: “The government’s homebuilding fund is set to generate 150,000 new homes from [small and medium-sized enterprises] housebuilders, with timber frame playing a very significant part in this growth. This initiative, coupled with a rapid rise in overall housebuilding, has dampened housebuilders’ purchasing power, underpinning the timber frame market’s profitability to some extent.”

The additional support manufacturers are receiving will no doubt prove to be a positive step forward in the short term. However, this can be maintained in the long term so long as the demand – or interest – for the houses is maintained with the public.

For anyone that keeps track of the housing market, property values increase and decrease throughout the year. In some cases, it can be difficult to build a new home or even buy one in the first place. However, that could all change if proposals made to the government are adopted.

According to a report from Onward (via Planning & Building Control Today), it proposes that local councils have the power to purchase land and be allowed to build new towns and villages. Additionally, it suggests that young people should receive a discount on purchasing a property.

MP Neil John O’Brien, who wrote the report for the think tank, commented: “Building a timber frame house is around 30 per cent faster than brick and block. With a shrinking workforce and the likelihood that this situation will worsen in the light of Brexit, off-site is a vital way of creating the homes we desperately need in this country.”

If you’re a first-time buyer, then there is an alternative way of getting your own home with a decent investment. Mr O’Brien’s remarks show that there is a way for the housing market to tap into the material for house construction, not to mention the benefits it provides for efficiency and labour required. There is a demand for homes across the country, so it’s one way for builders to deal with the issue.

Considering the amount of money that will be spent on a house, you are going to be able to see the quality and aesthetically pleasing view of timber whether you sit in your lounge or bedroom. It’s not surprising that it has quickly become a popular – and more efficient – choice for building new homes.

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