07th July 2011
Improving a home 'popular for many Brits'
Many home insurance policyholders look to be more inclined to improve the property they currently occupy, rather than relocate.
This is the finding of a new study conducted by the Royal Institution of Chartered Surveyors (RICS), which saw this strategy being adopted all across the UK.
In total, 48 per cent of the chartered surveyor estate agents questioned in the research said that they have seen people enhance their homes instead of moving out of them.
This factor is most prevalent in Northern Ireland, where 75 per cent of homeowners are adopting such an idea, while 71 per cent of those in the West Midlands were also keen to improve the look of their house.
David Dalby, the professional groups director at RICS, commented: "Most properties provide some potential for expansion and improvement, but we would advise people to think about how much they are investing and their key motivator before undertaking major projects."
The study comes soon after Sainsbury's Finance suggested that there had been an increase in the number of Brits seeking personal loans to pay for home improvements.
Posted by Penelope Fitzgerald
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