Renovate Or Procrastinate? Analysis Of Property Renovations In The UK
Renovate Or Procrastinate? Analysis Of Property Renovations In The UK
Although the topic of renovating a house or apartment is a dream or even a hobby for many people, a large group of owners treats changes in real estate as a huge challenge, the start of which is oftentimes delayed. What is the British attitude towards renovations? What are the most common reasons for procrastination in the context of interior renovation, and what is the motivation for starting the transformation of a house or apartment?
Below we present interesting facts about how UK residents approach renovations, what motivates them, blocks them and what effects they achieve. Is this data surprising, or maybe not new for people who already have experience with property refurbishments and transformations?
Why The British Renovate: Key Statistics
In order to fully understand the British approach to property renovation and the reasons for delaying changes, it is vital to know the statistics regarding house or apartment refurbishments. What makes British people decide to renovate their house or apartment? Interestingly, several factors are key.
As many as 38% of respondents admit that time is the key factor motivating property renovation. Lack of free time is one of the most common reasons for postponing refurbishment. Another reason that stops owners from renovations is finances. On average, 37% of respondents declare that the lack of sufficient financial resources made them procrastinate when it came to renovation.
Who Does Not Want To Renovate Their House?
When talking about the reasons for procrastination in the matter of renovation, it is impossible to ignore detailed demographic data. The 'UK Houzz & Home Renovation Trends Study' report shows that the groups that delay renovations the most are singles (only 9% decide to make changes), divorced/separated people (7% refurbish their properties) and widowers ( only 4% upgrade their interiors). The group most willing to make changes in the interior are married couples and civil partnerships: as many as 67% of them do not postpone renovation work at home.
Renovation Problems. Top Challenges To be Faced
Deciding to embark on a house renovation is a challenging task, as various difficulties and obstacles may arise throughout the entire process. Common challenges include the struggle to find the right service provider, which is a demanding aspect for up to 40% of respondents. Additionally, about one-third of British individuals face challenges in sourcing the appropriate products and materials, while staying within budget proves to be a concern for a quarter of respondents. Other hurdles include difficulties in visualizing the end result before commencing the work, experienced by 20% of respondents, and challenges in adhering to the schedule, mentioned by 19%.
Interestingly, only a small percentage, specifically 6%, reported encountering no issues during their house or apartment renovation.
The British Trust Professionals
The latest data clearly shows that Brits rely on specialists when renovating their properties. As many as 60% of respondents used the services of an electrician in 2022, 48% - a plumber, 37% hired a carpenter, and 36% - a painter. Overall, as many as 93% of respondents who carried out renovations decided to use professional help.
In summary, UK residents approach house renovations with diverse attitudes, viewing it as both a dream and a challenge. Procrastination often results from time constraints (38%) and financial limitations (37%). Married couples and civil partnerships show a higher inclination (67%) towards home improvements. Renovation challenges include finding service providers, sourcing materials, budget constraints, visualization issues, and adhering to schedules.
Surprisingly, only 6% experienced a smooth renovation process without obstacles. Notably, 93% of respondents trust professionals, with electricians (60%), plumbers (48%), carpenters (37%), and painters (36%) being commonly hired for renovation assistance in 2022.
Join the group of owners satisfied with their home renovation and take advantage of the help of professionals. At Hughes Group, we have several years of experience with renovations, refurbishments, flat conversions and others. Stop procrastinating, renovate your interiors!
Sources:
2022 UK Houzz & Home Renovation Trends Study: https://st.hzcdn.com/static/econ/UKHH2022.pdf
2023 UK Houzz & Home Renovation Trends Study:
https://st.hzcdn.com/static/econ/UKH&H2023.pdf
