Halifax reveals mortgage holders' DIY trends
Wednesday 12 September 2007
The UK's enthusiasm for DIY looks set to continue as more and more mortgage holders seek to make their homes more valuable.
A survey from Halifax has found that nearly 25% of homeowners that did DIY in the last 12 months only did so to add more value to their home.
And over 50% of those that did so believe that their work could add up to £5,000 to their properties.
Patrick Sawdon of Halifax Valuers, said: "Our research shows that Britain has become a nation of movers and improvers. It's great to see that so many people are investing time and effort in improving their home."
However, he also cautioned against major alterations to a property which might actually subtract from its overall value and stated that at all times, consulting with professionals is advisable.
The Halifax research found that mortgage holders think that refurbished kitchens and extensions are the most valuable changes that can be made to a property.