Modern British living is about embracing space and light, reveals 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.
This is understandable 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.
The asking price difference in Scotland between two and three bed properties is still £45,949, reinforcing that home owners can potentially make a large 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.
It is good news for homeowners though as the majority (70%) of property improvements tend to be completed within the budget and timeframe originally quoted.
Builders estimate that only a quarter (26%) of projects run beyond the original budget quoted and a third (35%) run over the originally quoted timeframe.
When asked what advice they would give homeowners, builders stressed the importance of taking the time to plan exactly what they want to achieve, to thoroughly research the builders they plan to use beforehand and get a minimum of three quotes.