The Year of Improving Rather Than Moving

New data has shown that the majority of homeowners would prefer to invest in their current home instead of moving. The survey looked into the habits of homeowners last year and what they expect to do this year. It discovered that more people are happy to stay where they are and carry out renovations rather than spending money on a move.

The research was carried out by Wooden Blinds Direct (: http://www.wooden-blinds-direct.co.uk/blog/the-uk-homeowners-survey/), and it asked respondents how much they spent last year on home improvements and what they plan to do to their property this year. The results highlighted that the vast majority, 94%, would rather do work on the home they’re currently in. Almost half, 49%, of those who responded plan to spend money on their current property in 2015.

In the past, many property owners would carry out renovation work in order to put their home up for sale. However, the trend today is to do the work for their own satisfaction. 43% of those who plan on renovating their home are doing so to create a nicer-looking property. This includes redecorating, extensions and garden improvements. For those considering glass stairs UK installers can provide a high-quality service. Just 6% of those who took part in the survey were investing purely with the intention of selling.

Cost of Renovations

The amount of money that homeowners are prepared to spend on their property differs across the country. Scottish property owners plan on spending an average of £4,576 this year, whereas those who live in the South West are expecting to invest an average of £10,430 in their homes. There are a number of reasons why people are considering carrying out work on their home, with 20% doing so to create additional space.

The results from this research show that even with rising property prices and changes to the stamp duty thresholds, UK consumers are not rushing out to move up the property ladder. They still have a cautious attitude about their investments and don’t want to take on a larger property or spend money on a move if it’s not essential. In the current climate, property owners have become more concerned with adapting their current homes to meet their needs.

Planning Improvements

Often homeowners will still have one eye on the resale value of a property. They want to create a home that suits their lifestyle, but they also understand that they might want to put it on the market in the future. This makes them more likely to look at improvements that will add some value to their home or attract buyers. Whatever type of work you plan on carrying out, it’s important to get the right advice. Whether it’s having an extension or installing a set of glass stairs UK companies offer professional advice and a high quality service.

Sometimes the right property is where you’re currently living, but it might just need some slight adjustments. Before you think about moving, consider all the options that are available to you.