Monday, May 1, 2006
Category:
Home Improvements
UK homeowners are increasingly opting for simple, smaller home improvements which increase the value of their home with the least amount of cost and effort, according to new research.
The Halifax Home Improvement Survey has found that 46 per cent of homeowners made improvements to their property last year to add to the value of their home.
Decorating is the most common task undertaken, with 75 per cent of DIY-ers replacing wallpaper or adding a new coat of paint.
"The continued desire to improve their homes shows that people are taking a responsible attitude towards their properties and enjoying making the most of them," remarked Donna Spencer, head of secured lending at Halifax.
"DIY-ers appear to be favouring simple, straight forward, inexpensive home improvements, which add value and update the look of an entire house, without the need for specialised materials or tools."
Home improvement loans may enable homeowners to make more dramatic changes to their properties, such as adding a loft conversion or re-designing the kitchen.
