Modern British living is about embracing space and light, according to new research commissioned by Direct Line Home Insurance, which identifies the latest building and renovation trends.
Researchers surveyed builders and tradesmen directly, to understand the latest trends in property works and redesign to identify the changing face of Britons’ homes.
Nearly half (47%) of builders reported extensions as being the most popular trend for home improvements. With the average difference in asking price between a two and three bedroom home in London of £157,202, while the average bedroom extension cost is £35,000, it is no wonder people want to expand and add value to their properties. The asking price difference in Scotland between two and three bed properties is still £45,949, reinforcing that home owners can potentially make a hefty profit by extending their existing property.
With one in seven (15%) builders reporting access to light as the most common current trend in home remodelling, householders are continuing to install large bi-folding doors, replacing exterior brickwork or fitting new skylights to make rooms appear more spacious.
Homeowners looking to create space by converting their lofts should be wary, however, as builders reported this as the type of home improvement is most likely to go wrong (36%). Changing bathrooms (26%) and kitchens (19%) are also likely to cause problems, according to the survey.
Katie Lomas, head of Direct Line Home Insurance, commented: “Extending homes or converting rooms to add light and space can add real value to a property, so can be worth the investment. With the rising cost of house prices making it expensive to move, home improvements are a popular way to improve your living situation without breaking the bank.”