The typical household in the UK spends some £200 a year on DIY and home maintenance, according to a new study – so we here at All Dimensions fully expect to see even more Bedfordshire property refurbishments going on in the next couple of months!
Figures from Lloyds Bank show that DIY expenditure rose by ten per cent last year, with the total combined spend peaking at £5.5 billion. The money spent on equipment and tools for renovation projects went up nine per cent to reach £4.4 billion, while spend on tradesmen’s services rose by one per cent to £1.4 billion.
Mortgages director Andy Hulme said: “The latest figures provide further evidence that people are continuing to increase their spending on DIY and home improvements as the economy and housing market pick up, with DIY spending increasing by 10 per cent in the last year. This followed a sharp fall in spending between 2007 and 2011, which reflected the worst of the economic and housing downturns during this period.”
While it’s great news that so many of you are keen to start your own DIY projects, it is important to remember that you are unlikely to be able to do everything yourself.
Recent Nationwide research revealed that 56 per cent of you have actually had to deal with DIY disasters in the past, so before you attempt a job make sure that you do have the appropriate skills in place in order to see it through to the end. Otherwise, make sure you call in professional tradesmen to help.