The latest figures from Alliance & Leicester’s quarterly Movingimproving index reveal forty-nine per cent of homeowners intend to carry out DIY of some sort during the autumn, a rise of eleven per cent since the summer.
The amount people intend to spend within the next three months has increased from £981 in the summer to £1,101.
Women in their 40’s are leading the home improvements expenditure table with an average spend of £1,396, and sixty-three per cent of both men and women in their 40’s plan to make some improvements in their homes.
Sixteen per cent of homeowners spending over £5,000 are most likely to be planning a new kitchen, with 9 per cent planning to improve their garden, and seven per cent revamping their bathroom.
Geoff Mozley, marketing manager, mortgages and insurance, Alliance & Leicester said: “While there is usually a natural slowdown in property sales at this time of year, recently released industry figures have shown an increased slowdown in September.”
“The fact that during this period of reducing home purchases a record number of people are investing in their current home suggests that people still see the financial value of owning a home. The focus for most people now is investing for the future rather than cashing in on a quick sale.”
