Women are the biggest spenders when it comes to DIY according to Sainsbury’s Bank
Research conducted by the Sainsbury’s Bank Home Improvement Index show that women will spend over £29 billion on home improvements, which works out to be £1.76 billion more than men.
Over half of those conducting home improvements have stated that the reason for doing so was to make their homes more comfortable to live in. 24% said that they made the home improvements as necessary repairs and only 10% said that DIY was carried out to make more space. A considerable 335,000 people will make improvements to their homes to increase their value before selling.
Over the next six months people have estimated they’ll spend £57 billion will be spent on home improvements, compared to the £80 billion worth of home improvements planned during the period of June 2004 and December 2004, this is a substantial decrease in anticipated spend.
The most popular home improvement activities to be carried out over the next six months are painting and decorating with 4.4 million people planning to do so. Followed behind this, are 2.5 3 million people who plan to have new kitchens fitted, and 2.4 million people who intend to replace their bathrooms. As well as these somewhat small scale projects, the Sainsbury’s Bank Home Improvement Index has found that over a million people plan to carry out larger projects. 792,000 people intend to build extensions, while 310,000 houses could have their loft converted.
A substantial amount of the money used to finance these home improvements has been found to originate from personal loans. In total, £13.9 billion of planned home improvement expenditure will be financed through credit and borrowing money over the next 6 months.
By taking out a secured home improvement loan, home owners could add value to their properties through adding an extension or refurbishing kitchens or bathrooms. Subject to status, a home improvement loan can be taken out in the region of £10,000 to £100,000 repayable over a term to suit you from 5 to 25 years.
Nemo´s typical rate is 8.9% APR variable. A NEMO LOAN IS SECURED ON YOUR HOME. THINK CAREFULLY BEFORE SECURING OTHER DEBTS AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT. Over half of those conducting home improvements have stated that the reason for doing so was to make their homes more comfortable to live in. 24% said that they made the home improvements as necessary repairs and only 10% said that DIY was carried out to make more space. A considerable 335,000 people will make improvements to their homes to increase their value before selling.
Over the next six months people have estimated they’ll spend £57 billion will be spent on home improvements, compared to the £80 billion worth of home improvements planned during the period of June 2004 and December 2004, this is a substantial decrease in anticipated spend.
The most popular home improvement activities to be carried out over the next six months are painting and decorating with 4.4 million people planning to do so. Followed behind this, are 2.5 3 million people who plan to have new kitchens fitted, and 2.4 million people who intend to replace their bathrooms. As well as these somewhat small scale projects, the Sainsbury’s Bank Home Improvement Index has found that over a million people plan to carry out larger projects. 792,000 people intend to build extensions, while 310,000 houses could have their loft converted.
A substantial amount of the money used to finance these home improvements has been found to originate from personal loans. In total, £13.9 billion of planned home improvement expenditure will be financed through credit and borrowing money over the next 6 months.
By taking out a secured home improvement loan, home owners could add value to their properties through adding an extension or refurbishing kitchens or bathrooms. Subject to status, a home improvement loan can be taken out in the region of £10,000 to £100,000 repayable over a term to suit you from 5 to 25 years.
