Home improvements to see spending surge in 2017

Home improvements to see spending surge in 2017
Looking at individual areas, flooring is set to experience the biggest increase in investment, with an average of 29% looking to spend more on this in 2017

The latest research from Plentific.com has revealed that, on average, almost a quarter of homeowners are planning to spend more this year on home improvements in at least one area of the home.

This emphasises that there will be a continual growth in the popularity and reliance of home improvements throughout this year.
 
Looking at individual areas, flooring is set to experience the biggest increase in investment, with an average of 29% looking to spend more on this in 2017. Analysing this result by location, Sheffield showed the highest number of homeowners looking to spend more on improving this area with 45%. London (36%) and Brighton (36%) homeowners were close behind, followed by Birmingham (35%).   
 
After flooring, our results showed a planned increase of spending on the kitchen, bathroom and interior decor, which were the runners-up with 27%. Increased spending on the living room and bedroom then ranked third, both with 25% aiming to invest more in these rooms. They are followed by the garden, which 20% of homeowners plan to spend more on this year, when compared to 2016. However, homeowners were less concerned about spending more on updating their conservatory (18%), appliances (17%) and lighting (17%).
 
Looking at the capital, 38% of London homeowners are planning to spend more on their bathrooms this year. This is followed by flooring, which 37% are looking to invest more into, and updating the living room takes a close third with 36%. On average, almost a third of Londoners are set to spend more money on at least one area of their home in 2017. A number of Londoners are willing to invest more heavily when compared to the national average, which emphasises the popularity of home improvements in the capital.


Compared to the previous year - are you likely to spend more in 2017 on the following areas?

UK

London

Flooring

29%

37%

Bathroom

27%

38%

Interior Decor

27%

28%

Kitchen

27%

27%

Living Room

25%

36%

Bedroom

25%

29%

Garden

20%

25%

Conservatory

18%

31%

Appliances

17%

29%

Lighting

17%

24%

Stephen Jury, spokesperson for Plentific, said: “Our statistics illustrate the growing shift in demand for home improvements across the UK. Nearly a quarter of homeowners are upping their budget this year for at least one area of their property with flooring leading the way.  
 
We’re also seeing this demand first-hand as we had a record month of jobs posted on Plentific.com during January; a particularly large number of them being flooring jobs, especially in the Greater London area. One thing’s for sure, tradesmen are going to be busy in 2017, especially those that are Plentific Pros!”

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Latest Comments

Tony Gimple
Tony Gimple 09 Dec 2017

Linking professionalism to limited company borrowing is a flawed concept. Despite S24 etc., limited companies are the most tax inefficient way of running a property business and leave borrowers seriously...

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

It's normal. If you plan to buy a house in one of the most beautiful spots in the country you should pay a high price.

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Evelyn Attwood
Evelyn Attwood 01 Dec 2017

I think that the situation will be the same at December.

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Scott Garnet
Scott Garnet 06 Nov 2017

If you have a patio or a porch it is important to make sure that any connecting doors are secured. Good advice for sliding glass doors is replacing the panels with storm resistant glass and getting heavier...

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richardrawlings
richardrawlings 01 Nov 2017

What has not been mentioned here is the effect of not only higher interest payments, but also that these payments are less likely to be offsettable as a business cost due to the scaling back of mortgage...

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Kelvin Lloyd
Kelvin Lloyd 09 Oct 2017

IT is up, to the Planners. If they will only give permission for bungalows on certain (suitable) sites, they will be built.

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maggie swift
maggie swift 09 Oct 2017

It's just the beginning of the shocking rise.

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maggie swift
maggie swift 09 Oct 2017

I have recently read that the bungalows can provide social housing for elderly residents in London.

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zoe glover
zoe glover 05 Oct 2017

Update! Worst company I have ever dealt with. Undervalued a Cambridge property by over 100k, wont take on any evidence of valuation including a RICS valuation done 3 years ago for the very same value...

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Paul Edwards
Paul Edwards 27 Sep 2017

Its nonsense articles such as this that make it harder to get clients to realise just how difficult the market is out there. When you see Rightmove and there are more 'price reduced' then 'new' most days...

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Tom Allen
Tom Allen 20 Sep 2017

Absolutely agree with you!

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RyanGeo
RyanGeo 18 Sep 2017

A sharp correction would be a less dramatic expression to use. That is already underway in certain sectors in Reading where I practice as Chartered Surveyor

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