DIY-loving Brits spend £22bn on home improvements

DIY-loving Brits spend £22bn on home improvements
11th November 2019

Britain is a nation of DIY enthusiasts, with property owners spending £22 billion over the last year in an effort to do up their homes.

That is according to new research by Sainsbury’s Bank, which found 79 per cent of you have tackled a range of tasks from repainting floorboards to revamping the garden in recent months.

Of those who said they have carried out DIY in the last 12 months, the average person has spent £1,085, underlining just how seriously many people take home improvements.

The garden is the most popular area to focus on when it comes to doing up your property, with 26 per cent of respondents admitting they plan to improve their outdoor space in the next months. It was followed by the bedroom (25 per cent), kitchen (22 per cent) and bathroom (20 per cent).

Whether you are planning to stay in your home for many years to come or you are considering selling a property and making a fresh start elsewhere, it can pay to invest in DIY.

In addition to the obvious advantage of creating more pleasant living space for you to enjoy, home improvements can add value to your house and increase its appeal to prospective buyers should you opt to put it on the market.

But you must think carefully before investing in DIY. Painting the walls and laying new carpets will not increase the value or saleability of your home if they are not to the taste of others. Stick to neutral colours to appeal to the widest number of people.

On the other hand, creating space for an extra bedroom or toilet in your home are sure to good ideas, as these extra facilities will be desired by buyers, who could pay more for your property as a result.

For advice you can trust on all areas of selling or letting a property, please contact your local Leaders branch.

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