Brits plan to spend £24.3billion on home improvements in 2015

Households set to spend billions next year as house prices rise

by the commentator on 11 December 2014 09:11

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Home improvements are set to be a top choice for British families as house prices continue to rise, according to new research from Rated People. The survey revealed that next year, Brits are planning to spend £24.3billion on home improvements and various DIY jobs.

The news comes following Chancellor George Osborne’s announcement of an overhaul of stamp duty taxes, which it is claimed will help 98% of buyers.

The research revealed that aesthetic alterations (47%) and redecorating rooms (46%) were two top priorities for home owners. It was also revealed that 56% of respondents failed to carry out all the DIY and home improvements that were planned for this year.

Chris Havemann, CEO, Rated People said: “It’s clear that time pressures and changing skillsets of modern life mean that whether it’s big ticket items or everyday odd jobs, DIY is on the decline. For homeowners who dream of redesigning their kitchen or building a conservatory, it’s more vital than ever that they have a way of finding and vetting relevant tradespeople.

Sites like ratedpeople.com make it easy to advertise your home improvement needs and find out first-hand what other homeowners thought of different firms, businesses and sole traders,” he added. 

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