This year Wooden Blinds Direct has commissioned and released the findings to our first every survey. We questioned homeowners from across the UK on their home-improvement spending in 2014 and projected spend in 2015.
Our homeowners survey found that an overwhelming majority (94%) of UK homeowners would rather spend money improving their current home than sell up and move on, with nearly half of homeowners planning renovations in 2015
43% say one of their main reasons for renovation is to make their home look nicer, whereas only 6% cite it for the purpose of selling in 2015.
The table below provides detail and comparisons between the top spending regions in 2014 and planned spends in 2015.
The survey also identified noteworthy national and regional statistics and trends;
- 93.7% of homeowners would rather invest on improving their home as opposed to moving
- 20% would like extra space in their homes
- 49% to Britain’s set to spend money improving their homes over 2015
- 60% of those renovating set to spend upwards of £2000 improving their homes
- 2014 spend on home improvements: £4390.21
- 2015 predicted spend: £5526.72
- Homeowners set to spend upwards of £1000 more on their homes over 2015 as opposed to 2014 (25.8% more than last year)
- 29% of homeowners aged 45+ would like to spend money on their home in the hope of reducing future energy bills
- Men plan to spend on average £1320.78 more than women on renovating their homes throughout 2015. Spending an average of £6216.52
- Women spent on average £261.51more than men renovating their homes over 2014.
- 43% of North East homeowners would like to invest in their homes to reduce energy bills. As opposed to only 17% of Scottish households.
- More than 50% of homeowners in the North East, North West, London, Northern Ireland, South East, West Midlands & Yorkshire and Humber planning home renovation in 2015.
- Only 35% of homeowners in Scotland are planning a renovation in 2015.
- The South West is planning to spend the most on renovations during 2015 at an average of £10,430.
- Wales set to spend the least, averaging £2854.50
- Northern Ireland set to have the biggest increase in home renovation during 2015, rising 173.5%.
- Wales to have the biggest drop in home renovation, falling 51.18%.