Renovating property is a valuable way of helping to preserve the existing stock of housing – whether it is going to serve as your own home or for letting to tenants.
Statistics suggest that there is no shortage of housing which, given its age, might be suitable for renovation.
The Royal Institute of Chartered Surveyors (RICS), for instance, reports that there are more than four million houses built during Victorian and Edwardian times still in use in the UK. With careful and sensitive restoration, there might continue to perform a valuable role in providing housing for very many years to come.
Of course, even more modern homes may be ripe for renovation, especially when it comes to adding space which is often lacking in newer homes.
Whatever type of property you are looking to renovate, property renovations insurance is typically necessary.