Brits willing to work on home improvement projects
Brits are very open to the idea of undertaking home improvement projects when buying a new home, research has found.
Whether it is building a bespoke conservatory, converting a loft space or knocking down walls to create space, homeowners are not shy about making alterations to their property, the Halifax study found.
Just 19 per cent of buyers look to move into a house where no work is required, while 62 per cent would be willing to make structural changes to their new abode.
The poll discovered that three-quarters (76 per cent) of homeowners aged 18 to 40 would knock down walls to create the perfect living space.
Almost two-thirds (65 per cent) would add extra space by converting an attic or basement, while a similar proportion would add floor space by building an extension.
"There's often a difference between the dream home and the reality of more traditional properties on the market but now, more than ever, people are willing to take on their own project," explained Halifax commercial director of mortgages Stephen Noakes.
Separate research from Halifax today (September 1st) showed that the average price of a detached family home has risen by more than any other property type in the past year.
Posted by Paul Steel
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