London, UK (Vocus/PRWEB) 17 April 2011
The average homeowner plans to spend £2,831 over the next year on home improvements in a bid to make the most of their existing space, according to research from glazing firm Everest .
The research indicated as many as 18 million homeowners are looking to improve their home in order to add value to their property in the economic climate. The most common ways to improve a home are DIY projects such as new paint, a new kitchen or replacing drafty windows.
Meanwhile research from Post Office Mortgages reveals which of the “home improvements” undertaken over the past few decades are now proving to be turn offs to potential buyers. The Post Office Mortgages’ Property Fads and Fashions Report shows that the stalwart of ‘Del Boy’ chic – the built in bar – ranks as the worst furniture fad of the last 30 years, according to 23 per cent of respondents, followed by mock fireplaces and animal print rugs.
Mike Cook, Post Office Head of Mortgages, said: “Making improvements to your home before you put it on the market can make all the difference.
“With homebuyers trying to make their money go as far as possible in the current environment, they can free up money for modernisations by keeping costs low elsewhere. Post Office Mortgages offers a range of competitive and easy to understand mortgage products, some with no arrangement or valuation fees.”
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