Time to dust down the old tool kit yanks as Fitch reckon you guys and girls will be increasing home renovation spending by 4% this year and grow it 5% next year.
They say a turnaround is coming after 6 years of declining returns from remodeling projects, turned the corner.
Fitch’s Robert Rulla says;
‘Increasing housing turnover will also provide added impetus for remodeling spending as homeowners prepare their homes for sale and new owners undertake projects to personalize their homes.’
Home improvements in the UK was one thing that kept out construction underpinned. As the house market slowed and credit tightened people stayed put and renovated rather than trade up.
I’ve never been good at DIY myself. If you need something demolished I’m your man, just don’t ask me to fix it after.
“Why have you connected the water to the gas pipe?”
