With the tail end of the recession upon us, the housing market is slow to pick back up and Britons are being forced to stay in and entertain. As a result it is estimated that £31bn will be invested on DIY over the coming months.
Research carried out by PrimeLocation.com, a property website, has discovered that over the forthcoming months Brits plan to shell out up to £5,000 in home improvements, with a further 20% willing to stretch to £1000. As much as 1 in 10 have gone as far to commit £10,000 on major home styling.
The kitchen was found to be top of the list, as it is the social hub of any home. Closely followed was the garden, and as the great British summer time begins homeowners are keen to maximise their outside leisure space. Keeping in mind the weather during this period is not always perfect, a conservatory may be another way to add value and have an area that can be utilised come rain or shine.
Moving house has become increasingly impractical and so redecorating has become a more appealing venture. Nigel Lewis, a property analyst at PrimeLocation.com has commented that: “The property market in general continues to experience a dip in house sales as more and more people prepare to ‘improve and not move’.
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