According to a recent study the number of remodelling projects for kitchens and bathrooms has increased over the past two years.
A survey by the National Association of Home Builders (NAHB) revealed that kitchen and bathroom improvements have risen by 17% in the past two years and the popularity of upgrading rooms and making major repairs has soared due to the fact that the majority of homeowners are staying in their homes longer.
It is no surprise that the housing market is still in a depressed state and despite the low Bank of England Base Rate, mortgages are still uncompetitive, and often inaccessible to all be the most fortunate. As such, people are increasingly finding that they need to invest in the home not just to increase the chances of selling the property, but to make the home a bettaliving space for the foreseeable future.
Findings from the NAHB survey show that almost 50% of tradespeople in the industry are reporting an increase in the number of homeowners undertaking renovations instead of moving home and a staggering 69% cite kitchen modifications as opposed to repairs. However, according to the experts there has been a decrease in the number of consumers who are transforming the home to add value to the property as an investment.
Further makeover projects which have proved common to UK homeowners include window/door replacements (44%); whole house remodels (35%); room additions (33%); and handyman services (31%). All of these results are great news for professionals working in the trade industry.
George Moore Jr, chairman of NAHB Remodelers, said: “Home owners are repurposing spaces and making more efficient use of their home’s square footage. Whether it is young families or couples aging in their homes, people want to let their house adapt with their needs as they change over time.”
The kitchen is the heart of the home and is a major living space which is used the most often. The property market is stagnant at present and many Britons are struggling to move on up the property ladder so modernising the room is an ideal concept.
It doesn’t have to cost a fortune to renovate the space; add a splash of paint, update the cupboard handles and brighten up the décor with new kitchen appliances.
For the moderate budget, homeowners can invest in new kitchen worktops or kitchen doors, new tiles or new flooring as part of the remodelling.
For those looking to make the most of the remodelling process, a new style of kitchen and/or a change of layout can be just the trick.
In the UK there are a wide range of kitchen styles covering the classic, contemporary and painted or stained door varieties to the more tradition styles. There is a lot of choice so it pays to shop around as the more contemporary style of modern kitchens, including High Gloss Kitchens, and Ultra High Gloss, Shaker Style Kitchens, are becoming a very popular choice.
Modern Kitchen Ideas is another blog worthy of a read at their address of www.modernkitchensideas.co.uk