Spend on home improvement goes on rising year on year

     

As Mint Builders ‘Extend Instead’ Spring campaign gathers momentum, a round of stats emerging from a survey from estate agent association, NAEA Propertymark, suggests home owners across the UK have now forked out £41bn sprucing up their properties over the last five years – an average of £1,875 each! 

Very telling indeed is the fact that nearly three in four (73%) homeowners have updated their home since 2013, with 10% admitting they have done so because of the high cost of moving.

With home sales slowing since the start of the year, we here at Mint Builders have been hearing a more and more that an increasing number of homeowners are investigating extending their property as a realistic option to packing up and moving house.

results

Revealed in a recent email newsletter from the Property portal Zoopla, further results of the NAEA survey of homeowners highlighted above showed that around 28% wanting to add a new kitchen, 6% intended to install home gyms and cinemas and an unlikely 4% hopes to add a swimming pool! So now you know!

The NAEA research revealed the top 10 projects in the UK:

Most popular home improvements for homeowners Percentage of homeowners Average spent per improvement
Redecorate 73% £889
Garden landscaping 54% £794
New flooring 39% £1,002
New bathroom 31% £2,719
New doors (internal and external) 28% £906
New kitchen 27% £5,016
New windows 25% £2,543
Decking/patio alterations 18% £1,001
Driveway/parking space 15% £1,873
Building a conservatory 11% £4,310

Mint offer a full re-furbishment, development and finishing service for your home.

Request your ‘Extend Instead’ review or quotation, visit www.mintbuilders.co.uk

Contact Mint Builders on 01242 279739 or email info@mintbuilders.co.uk