According to a new study by Häfele UK, carried out in March 2023, almost half of UK homeowners (45%) are planning home improvements within the next two years. This news comes despite a challenging start to the year for the home improvements sector. Factors such as a reduction in energy pricing may be allowing homeowners to invest in their homes once again.
Popular home improvements
The study found that 81% of homeowners feel they would have an improved quality of life if the biggest issues in their kitchen were resolved. The most common issue that homeowners dislike about their kitchen is not enough storage. This was chosen by 28% of those surveyed.
Other popular home improvement projects that homeowners are planning include:
- Bathroom renovations (38%)
- Garden improvements (36%)
- New flooring (35%)
- Painting and decorating (34%)
- Smart home technology (33%)
Sustainability a key factor
The study also found that homeowners are increasingly looking for ways to make their homes more sustainable. For example, 27% of homeowners are planning to install solar panels, and 26% are planning to upgrade their insulation, not only reducing their carbon footprint but also leading to a reduction in future energy bills.
Homeowners are looking for ways to increase value
The findings of this research suggest that the home improvement market is poised for growth in the coming years. As homeowners become more aware of the benefits of home improvements, they are likely to invest in their homes to improve their quality of life and make their homes more sustainable.
Overall, the findings of this study suggest that the home improvement market is strong and is likely to continue to grow in the coming years. Homeowners are increasingly looking for ways to improve their homes, both for their own personal enjoyment and to increase the value of their property.
Reasons to improve the home
- Improve the overall look and feel of the home – 43%
- Improve energy efficiency – 39%
- Increase the value of the home – 37%
- Improve the functionality of the home – 36%
More findings from the survey
- The average homeowner plans to spend £10,000 on home improvements in the next two years.
- The most popular time to carry out home improvements is during the summer months.
- Homeowners are increasingly turning to online resources for inspiration and advice on home improvements.
The above survey was carried out March 2023 with a sample of 2,000 UK homeowners with the average age of the respondent being 45 years old. 63% of the respondents were female with 43% choosing home improvements to improve the overall look and feel of the home.
At Thermal Roof, we can certainly help with your home improvement requirements. From converting your garage/conservatory into a room that can be used year round, to improving the energy efficiency with better insulation, we have a number of solutions. Please get in touch to discover more – 01934 824005.