How much will the average spring renovation cost?

How much will the average spring renovation cost?

According to new research from American Express, upgrades and refurbishments to homes spurred on with the long Easter weekend just around the corner, will cost on average £3,404.

Britain’s homeowners are hatching plans to spruce up their homes and will splash out, according to the report, an average of £678 on renovations, £433 on home repairs and £314 on soft furnishings in 2016.

Britain’s Shopping List for 2016 Home Improvements

Homeowners are being driven to DIY distraction this year as they feel their homes could do with freshening up (33%). A further 15% claim it’s their house-proud nature that is motivating them to make a change.

In order to save money on home makeovers, just over a third (35%) are set to do the work themselves and only one in nine (12%) would consider asking a friend or family member to lend a hand. Shrewd shoppers also plan to turn to retailer sales (27%) and discount websites (21%) in a bid to balance their budgets.

Catherine Prentke, Director at American Express, said: “Homeowners are looking to invest in revamping and revitalising their homes in 2016. However the cost of home improvements can soon add up. That’s why we’re encouraging people to consider putting their spend on a card which allows them to earn cashback or rewards on their shopping.”


Regional breakdown

1) Residents of Edinburgh will spend more than £1,598 on major home renovations, more than twice the national average

2) Homeowners in Leeds will spend £653 on average on home repairs such as new windows and doors

3) Soft furnishings are a firm favourite amongst Londoners, who plan to spend £467 on carpets, curtains and cushions this year

4) Mancunians intend to spend over £350 on painting and decorating in 2016

5) Residents of Newcastle will cook up a storm this year, spending £211 on kitchen accessories – three times the national average.

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Latest Comments

Oliver Conway
Oliver Conway 18 May 2017

Making a neat inventory is a good idea, but if the seller is not willing to provide it, can the buyer demand it?

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Bertrand
Bertrand 17 May 2017

First step to nationalisation of the private rented sector IMHO. Nanny state poking their noses into things yet again. I object, as a decent landlord, sometimes having to deal with some pretty awful tenants,...

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Izzy
Izzy 16 May 2017

This is such a great a post. I love the detail you've gone into. It's a very useful article for helping those who are looking at deciding which sector they would like to go into! When I first started investing...

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paul burnham
paul burnham 30 Apr 2017

Jeremy Corbyn's pledge that a Labour government would build 500,000 new council houses must electrify the general election campaign. Reliance on markets and the profit motive has brought huge housing-related...

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CommercialTrust
CommercialTrust 28 Apr 2017

Sadiq Khan?s announcement of an online database of landlords and letting agents who have been convicted of housing offences, appears on face value to be a variation of the already implemented Database

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warren
warren 26 Apr 2017

You're very welcome Mary! Glad you enjoyed them :)

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Mary Ward
Mary Ward 26 Apr 2017

Thank you for the wonderful ideas. First impressions can make or break a deal. It's sadly that many homeowners drop the kerb to create an off-street parking space.

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Tony Gimple
Tony Gimple 14 Apr 2017

I'm not at all surprised that so many landlords are still confused about what the tax changes really mean and how it will affect them. In particular, the blind rush to incorporation is leaving landlords...

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MH
MH 13 Apr 2017

You are right that the bank holidays are going to be spoiled in looking for the properties. But people who want to sell their property and looking for the better relocation, they can get benefits of this...

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bnellyb
bnellyb 08 Apr 2017

There will be an exodus of private landlords over the next 5 years as tax changes take effect, private landlords provide an important service to the rental market, why do housing associations and councils...

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Fred Cassman
Fred Cassman 07 Apr 2017

"Make it look like you are at home": often people forget this and share on facebook their location!

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jared townsend
jared townsend 05 Apr 2017

It'll be interesting to see how & if the Government's asset sale regarding mortgages helps

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