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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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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sean benton
sean benton 01 Sep 2017

Identity theft is a thread for any profession. So,people should stay alarmed. I once take help from a letting agent and came to know that letting agents are taking every precaution to prevent fraudulent...

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Mark N.
Mark N. 30 Aug 2017

We have seen a surge in instructions over August and that should continue into September too.

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Chris
Chris 30 Aug 2017

Unfortunately, all the legislation bears its force on Landlords and ignores, naively, the effect of Rogue Tenants on the ability of landlords to keep houses in repair and offer properties for rent at reasonable...

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