UK homeowners to spend over £40billion on home improvements in 2022

IndustryNews Fri 4th Feb 2022 by KBBFocus

UK homeowners to spend over £40billion on home improvements in 2022

UK homeowners to spend over £40billion on home improvements in 2022

UK homeowners are currently set to spend £40.2billion on making improvements to their property in 2022, according to new research from independent inspection body RISA. 

Two thirds (66%) of UK homeowners admit there are things about their house they’d like to change, leading to two in five (41%) planning to make changes to their property in 2022. 

Of those who are set to make improvements, more than half (52%) plan to splash out on cosmetic changes, such as giving their home a fresh lick of paint or replacing their carpets, while more than a third (34%) hope to renovate their kitchen and over a quarter (31%) plan to renovate their bathroom.

When asked how much they plan to spend on home improvements in 2022, homeowners say they’re looking to spend, on average, £6,727, with one in six (17%) saying they plan to spend over £9,000.

Top 10 home improvements of 2022

1.     Cosmetic changes (i.e., fresh paint, new carpets) (52%)

2.     Renovate the kitchen (34%)

3.     Renovate the bathroom (31%)

4.     Upgrade, change or replace doors (22%)

5.     Improvements that improve the energy efficiency of my home (22%)

6.     Improvements that add value to my home (22%)

7.     Build an extension (15%)

8.     Upgrade, change or replace windows (14%)

9.     Renovate the loft (14%)

10.  Install a new boiler (13%)

Lee Galley, RISA assessor manager, said: “From creating an office space for working from home, to installing bifold doors to allow more natural light to flow through a property, 2021 was a busy year for home improvements and this is only set to continue in 2022. As a nation, we’ve been spending more time in our properties over the last two years than what we’re used to which has led to many spotting things about their homes that they want to change.”

Tags: industry, news, risa, home improvements, lee galley

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