The research also reveals a further 20% will spend at least £1,000 doing up their home, whilst 1 in 10 will commit up to £10,000 on home styling in the next 12 months.
The social heart of the home, the kitchen, will be the first port of call for most DIY determined Brits. In second place was the garden as homeowners look to maximise their enjoyment of their outside leisure space as British summer time begins.
Speaking ahead of this month’s home innovation show at ExCel, Grand Designs Live Ambassador and TV broadcaster Kevin McCloud said: “There are a lot of downsides to the recession, but one of the real positives is the way in which it has given us the opportunity to reassess our living space.”
Nigel Lewis, property analyst at PrimeLocation.com, said: “The property market in general continues to experience a dip in house sales as more and more people prepare to ‘improve and not move’.
“We know the annual number of house sales is about 750,000 a year now compared to 1.2 million during the boom, so it’s clear that people are spending their time and money redecorating because moving is impractical.”
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