Home improvement jobs are on the radar for many householders, but never more so than now as many property owners are considering transforming their current abode in favour of moving.
As many second-time steppers are struggling to climb the property ladder due to hefty deposit requirements, possible interest rate hikes, a housing shortage and difficulties selling their home, more are considering improving their house rather than relocating.
Indeed, findings from Lloyds Bank showed 40 per cent of homeowners in 2017 intended on renovating their home if they failed to sell their home; this is an increase from 34 per cent in 2016.
As well as creating their dream home themselves instead of looking for another property that fits their requirements, they would be able to add considerable value to their house by investing in redecorating projects.
For instance, hiring a bespoke joiner in Kent would enable them to fit new kitchens, windows, staircases, doors and verandas. They could also extend their house with a conservatory or orangery, which will certainly boost the price of their house.
Among the most popular features second-steppers want from their new home is a kitchen/diner, with 56 per cent of homeowners longing for this. However, by either extending their current property or knocking down a wall to the dining room, this can be achieved in their existing abode.
Property Reporter recently published figures from Plentific.com that showed 19 per cent of homeowners are likely to spend more money in decorating this year compared with 2017. It also found the highest investment was saved for bedrooms and gardens with 17 per cent of respondents improving these areas, followed by living rooms at 16 per cent.