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Improving, Not Moving, The Focus For Homeowners This Year

Jun 29 2016

It’s going to be all about home improvements in 2016, new research has revealed, with one in five homeowners deciding to make changes to their properties this year instead of moving house.


Figures from Clydesdale and Yorkshire Banks show that 14 per cent of property owners are planning on selling up and moving on, with those in London the most eager to relocate. In all, ten per cent of homeowners in the capital are eager to live elsewhere, nine per cent want to downsize and seven per cent want to move up the property ladder.

If you’re thinking of doing up your property, whether you’re looking to install new foiled laminated windows or a lovely set of French doors, you’ll be interested to learn that the average loan size for such projects last year was £7,979 – so perhaps use this as a benchmark for the amount you might need to take out.

“This time of year is traditionally synonymous with spring cleaning and DIY and many homeowners also find it is a popular time of year to make decisions about whether to move or improve,” head of customer banking networks with the organisation Steve Fletcher said.

This comes as Saga revealed that eight out of ten people choose to do their homes up during their retirement, with the average amount spent on home improvements peaking at about £17,000. On average, people finish three such projects once they’ve left the world of work, with 55 per cent redecorating, 38 per cent having a new bathroom fitted and 36 per cent installing a new kitchen.

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We supply & install our products in both PVC-U, Aluminium, Composite and Timber.

We have therefore built up a loyal customer base to whom we have supplied and fit throughout the south-west.


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