Home improvements are on the rise!

According to new research by Barbour ABI there has been a rise on the number of homeowners who are choosing to freshen up their current property rather than moving home.

Home improvements are on the rise!

Homeowners are moving far less than they used to and are now making additional improvements to their homes, and in turn many homeowners are approaching suppliers like us at Composite Doors Yorkshire for products such as new composite doors.

The study states that as a nation, Britains tend to update their homes in a bid to keep living to a certain standard, and that means preserving homes rather than demolishing them or moving house.

‘’British people love their homes and are obsessed with home improvement,’’ states Brian Berry, Chief Executive of the FMB (The Federation of Master Builders).

It has been reported that around three-quarters of homes are more than 50 years old, and with homeowners moving less frequently, the findings from the latest English Housing survey suggests that it stands to reason that home improvements will become more of a priority now more than ever!

As a supplier of high quality composite, bi-fold and sliding door products throughout Yorkshire, Composite Doors Yorkshire are in a great position to be able to help homeowners achieve their home improvement requirements. MD and owner Richard Pogson said:

''At Composite Doors Yorkshire we’ve noticed an increase in door sales from our range of bespoke and standard composite doors, bi-fold and patio doors across the board, which could be due to the lack of activity in the housing market over the last few years resulting in homeowners not finding a home that has exactly what they're looking for. Therefore homeowners are using other ways to spruce up their homes such as replacing existing doors with new coloured versions.’’

Richard continued to comment that: ''We offer up to 20 different colours in a wide range of door styles so that homeowners can give their homes a facelift, improve energy efficiency and security without having to go to the lengths of buying a new property.’’

The economy

According to the Office for National Statistics (ONS), It is now believed that those aged between 50 and retirement are now the biggest category to spend money on making improvements to their homes. Whereas prior to the recession that occurred in 2005, the bigger spenders were the 30 to 50 year-olds.  

Focusing on the Yorkshire & Humber region, the ONS Family Spending survey states that the annual spend for home improvements was over £2.2 billion from 2015 to 2016 factoring in both owners and renters. This meant that the average household spent almost £1,000 on improving their homes throughout this period.

If you are one of the many homeowners looking to spruce up your home, take a look at our products and services here or contact us on 01484 544571.