‘Don’t Move, Im­prove’ Say Home­own­ers

Homebuilding & Renovating - - NEWS -

Mil­lions of home­own­ers are pri­ori­tis­ing home im­prove­ments over mov­ing to a new house, ac­cord­ing a new sur­vey from Com­pare the Mar­ket. The av­er­age home­owner is pledg­ing to stay put for the next eight years, cit­ing ‘ris­ing house prices’ (38%) and ‘Brexit’ (26%) as key rea­sons for not mov­ing. The most pop­u­lar room to ren­o­vate is the kitchen (the new Se­bas­tian Cox kitchen from DEVOL, priced from £15,000, is shown right), fol­lowed by the bath­room. How­ever, home­own­ers are un­der­es­ti­mat­ing the value of adding a new bed­room by over £12,000, on av­er­age, ac­cord­ing to the same sur­vey.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.