WHAT YOU COULD DO WITH YOUR STAMP DUTY SAVINGS

WHAT YOU COULD DO WITH YOUR STAMP DUTY SAVINGS FIND OUT WHAT YOUR SAVINGS COULD ADD TO YOUR NEW HOME

The welcome stamp duty holiday that was introduced by the government this year means that until 31st March 2021, buyers will pay no stamp duty on the first £500,000 when they move home.

We’ve seen a huge number of people moving to a new house to take advantage of the savings that can be made. Whether relocating, looking for more space or taking that next step on the ladder, it really is a great time to get moving.

On average if you’re buying a property for £500,000, you will save £15,000! This is an incredible sum of money and there’s so much that can be done with it. We’ve looked into some options for you!

BUILD YOUR DREAM KITCHEN When you move into a new home, it’s no secret that not everything is going to be in your personal style. With savings as high as £15,000, you could totally renovate your kitchen to be your version of perfect. Whether you’ve always wanted a kitchen island, a large dining table, that butler sink, this is the ideal opportunity to make it a reality!

YOUR HOME OFFICE AWAY FROM HOME If you’ve found yourself working from home this year, you’ll know it can be tricky with other family members also working from home, having to use your dining table as a desk and not having the space to stay organised! It can be tricky having to take calls and have video meetings from home, especially if you’ve got children running around! With your stamp duty savings, you could build your very own garden office, allowing you that space away from where you eat, sleep and relax.

You can buy prefabricated garden buildings anywhere from £8,000+ and they’re often made with a high level of insulation, so they’ll keep your working environment comfortable all year round.

CREATE A SANCTUARY Have you always dreamt of a standalone bath? Perhaps you daydream about one with legs or a stylish copper tin bathtub? Or maybe it’s a

WHAT YOU COULD DO WITH YOUR STAMP DUTY SAVINGS

rainfall shower with a large glass door and tiled to perfection! His and hers sinks? With your stamp duty savings, you could make your bathroom wishes come true and create a space ideal for relaxing in. A bathroom should be a sanctuary for pampering and taking time out, which I think we all deserve after the year we’ve experienced!

MODERNISE & REDECORATE There are certain things we all begrudge spending money on, so if you’ve had those curtains for years, now’s the time to replace them with the savings you’ve made. After buying curtains, you should have enough left so that you can also revamp other soft furnishings such as cushions, throws and all the things that make a house a home. This is also a great option if you did want to tuck some of your savings away for a rainy day!

We hope you’ve found these simple ideas useful and you enjoy spending your savings to make your home just perfect for you!