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!”

Join our mailing list:

Leave a comment



Our Next Event

Buy-to-Let Roadshow April 2017

Buy-to-Let Roadshow April 2017

Crewe - 18/04/2017

Northampton - 19/04/2017

Essex - 20/04/2017

Brighton - 21/04/2017

Register now

Latest Comments

MBM Homelets
MBM Homelets 23 Mar 2017

Although this is a very positive step, there is little or no guarantee of the standard of workmanship employed by the tenants. We have had experience of a professionally decorated property being ' painted'...

view article
ajay
ajay 21 Mar 2017

How is the "robust evidence" looking now?

view article
NathanG
NathanG 20 Mar 2017

I've been watching the series so far and am completely baffled by the cases that were presented. Though, I don't think that we can protect ourselves from every scam possible - it will just make the scammers...

view article
Landlady14
Landlady14 01 Mar 2017

You would think so Niraj Shah! My experience only proves that there are varying qualitiers of professional in all aspects of property letting. None of the ones I have dealt with, from letting agents to...

view article
Mark
Mark 01 Mar 2017

Thanks for this article. Hopefully one day everybody's lifestyle will be eco-sustainable.

view article
Ben Taylor
Ben Taylor 28 Feb 2017

I was convinced that London was the most expensive!

view article
Alan Read
Alan Read 28 Feb 2017

Australia are leading the way in this I think. The trouble with Britain is we don't get enough sun to make use of solar power.

view article
James Powell
James Powell 27 Feb 2017

This is a very good news.

view article
DanHumphreys
DanHumphreys 27 Feb 2017

It sounds like a good idea. Anything to help the younger generation get a foothold.

view article
Matt
Matt 20 Feb 2017

Is this fake news?

view article
Matthew Hollywood
Matthew Hollywood 07 Feb 2017

Matthew Hollywood - Director Mishon Mackay Land & New Homes - Brighton The shortage of New Homes is in part effected by the lack of land sales. Land sales are held back because there is a disparity between...

view article
CommercialTrust
CommercialTrust 30 Jan 2017

Hi Graham, Would be interesting to see the above figure calculated against an investment via a Lt Company /SPV structure and if the investor found themselves pushed in to the higher tax bracket. Mortgage...

view article

Related stories

More articles from Household

Buy-to-Let Roadshow
April 2017

18th-21st April

4 days
7 specialists
4 locations
Free to attend

Click here to register now