Average home improvement costs £13,000 to complete

Sep 26, 2013 in Uncategorised

British homeowners are spending an average of £13,000 on single improvements to their property, according to a YouGov survey.

Sponsored by Avant Homes and cited by remortgage-uk.info, the research showed that 75 per cent of homeowners in Britain have spent money on upgrading their property. Homeowners aged between 35-44 are the most likely to make changes – like installing flat roof solutions – with 79 per cent of this group admitting to doing so.

The reasons for investing even more money in their homes seem to vary, as only a total of 49 per cent said this was necessary for creating their dream home.

A further 26 per cent said home improvements helped them get a bigger kitchen, while 23 per cent said they were looking to increase their living space.

The UK average for single home improvements stands at £13,000, although London homeowners top the spending league by collecting a bill of £20,683 for their changes.

Homeowners in the South East placed second but far enough behind London on £16,485, with those in Northern Ireland, the East of England and the South West also among the big spenders.

At the other end of the scale, whatmortgage.co.uk says homeowners in Wales try to do more with the least budget – around £7,885 per project – just behind those in the West Midlands on £8,376.