Number of homeowners planning structural changes falls 40%

Of those homeowners planning structural work, the three most common works planned are:

1 Loft conversions (873,000)
2 Side extensions (653,000)
3 Garage conversions (632,000).

The research reveals that the average amount to be spent per household on structural changes over the next 12 months is £22,730.

Of those planning works, one in three (34%) intends to spend more than £20,000, just 5% plan to spend over £50,000 and 3% expect their works to cost more than £100,000.

Although the number of people planning structural changes to their home over the next 12 months has fallen compared with last year, the average amount of anticipated expenditure has increased by 31%; the planned spend was £17,361 last year.

Joanne Mallon, Sainsbury’s Home Insurance Manager, said: "In the current housing climate, creating extra space in your home is another option for those who have maybe decided to put their plans to move on hold."

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