Whilst the average UK homeowner is intending to spend £1,243 improving their property over the next three months, this increases to £2,155 for those intending to sell their home in the next year. This represents a significant increase year-on-year: in summer 2002, the average homeowner intended to spend £1,119 whilst the average seller intended to spend £1,684.
Paul Cooper, head of mortgages at Alliance & Leicester, said: "With some commentators arguing that it has become more difficult to sell a property, it comes as no surprise that those looking to move are splashing out on home improvements to make their property more desirable. Those who are looking to sell their home should ensure that they spend their money wisely on improvements that will help increase the value or desirability of the property in the future."
