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.

Join our mailing list:

Leave a comment



Latest Comments

ChristinaReedUK
ChristinaReedUK 20 Jun 2016

I don't understand why it's always a war between the two sides. Either, way the landlord is probably keeping a detailed inventory and will see the changes you've made. I just don't understand why there...

view article
NathanGreen
NathanGreen 16 Jun 2016

Seeing that the tenants are quite satisfied with their landlords and the properties is indeed great. I wonder, though, what is the situation in London alone? The tenants face sky-high rent levels in the...

view article
AndiMur
AndiMur 15 Jun 2016

TheGuardian published the same forecast. But on the other hand, professional brokers express different opinions. According totranio.com, an exit from the EU would not affect the demand/supply imbalance...

view article
Gary Holmes
Gary Holmes 14 Jun 2016

Having a professionally completed inventory at check-in and check-out is clearly (to me at least) of minor value. Tenants make un-authorised modifications and/or walk off with items that belong to the

view article
Violet Gibson
Violet Gibson 14 Jun 2016

Cautious people think buying off-plan is reckless, but over the past few years investors have literally made fortunes.Pre-release prices have obvious benefits for the developer, who gets instant finance...

view article
Kate Windleton
Kate Windleton 14 Jun 2016

An interesting research indeed. I guess that is in complete contrast with the United States where people often move from one coast to another. It will be interesting to hear the trends for people moving...

view article
NathanGreen
NathanGreen 14 Jun 2016

I think it all depends on the market conditions and how well your company is doing. You will agree that you can't demand more when you're killing yourself just to hang in there. Sometimes you need all

view article
ChristinaReedUK
ChristinaReedUK 13 Jun 2016

What does "detecting a bad vibe" mean actually. I've had certain vibes like these and yet have always found a reason , if there's any, why I don't like a certain property. The property maintenance might...

view article
keybanks estates
keybanks estates 08 Jun 2016

Great News for first time buyers, about time two!

view article
NathanGreen
NathanGreen 07 Jun 2016

I agree with #6 - you should maintain your garden according to the target buyer. One thing is universal, though - cleanliness and order. Having the yard clutter-free and clean will help people who do enjoy...

view article
NathanGreen
NathanGreen 06 Jun 2016

I will always say that London is overrated. Sure it is the capital, but it's too stuffed in there. It's more of a business city to me.

view article
Paul
Paul 25 May 2016

Estate agents are pathetic when it comes to fees. They have this 'I had to do it at 1% because that's what the others were quoting' mentality. We are the most expensive agents in our area, charging double...

view article

Related stories

More articles from Household