Renovation blitz hits Britain
Facing an increasing shortage of well maintained properties for sale, almost three quarters of Britons are now prepared to buy a home that needs major renovations.
Our survey reveals that more than 62% of Britons are prepared to carry out renovations despite the fact that they have never done any in the past.
The research also showed that women are less daunted by the idea of renovating than men, with just one quarter suggesting they would not renovate as opposed to 30% of men.
Nick Leeming, Propertyfinder's Client Services Director said,
As good properties are in increasingly short supply on the market, it is no surprise to see more and more home buyers taking on the challenges of renovation.
Today's home buyers are now more demanding in getting what they want. To achieve this, they are opting to buy substantial properties that they are able to renovate to the standard they want. In addition, an increase in property makeover shows has developed consumers' appetites for home renovation.
Comments
people who have little experience in renovating property are at he mecy of unscrupulous builders, I have seen many properties renoated so badly that they will have to be done agin, they look fine to the untrained eye but hide many faults some of them dangerous, always seek proffesional guidance, the costs will be saved later, and check the proffesionsla with referneces, not neccessarily the ones they want to give you but choose some from recent projects.
Posted by: Owen Jenkins | June 29, 2006 02:07 PM
I an in favor of renovating! I would like to buy a detached property (3+ bedr) to renovate, if the price is resonable and the area right. Please send me offers (UK and Ireland). ebotjes@yahoo.com
Posted by: Peter | June 30, 2006 02:05 PM