‘Don’t Move, Improve’ Say Homeowners
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.