The cost of buying a home once first-time buyers are on the property ladder climbs substantially once buyers strive for the next level up.
According to online property service propertyfinder.com, an analysis of prices in October 2006 revealed while looking for an extra bedroom is about more than acquiring one additional space, trading up can be the equivalent of doubling the value of that extra room. According to propertyfinder, the average two-bedroom home costs £38,620 more than the price of a one-bedroom home, while a three-bedroom can be £55,353 more than a two-bedroom home. Moreover, when moving from a three to a four-bedroom home, the cost of the addition leaps to an average of £111,402 above the price of a three-bedro...
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