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Consumers who have recently bought a home are investing more in renovations and are taking on larger projects, worth an average of £42,219, according to Houzz.
Over half of UK homeowners on Houzz plan to start or continue renovations (51%) and spend an average of £23,100 in 2017, with improving the look and functionality being most important for consumers (77% and 65%), respectively.
According to The Houzz & Home – UK report, the bathroom was the second highest ranking room renovation in 2016, followed jointly by the kitchen and living room.
However, for long-term owners and those who are soon to be selling their home, the bathroom ranked as the most popular project, accounting for a third of projects.
Yet it was still the kitchen that saw the highest spend on all renovated interior rooms in 2016, with an average spend of £11,700, with the bathroom the second most expensive project at £6,300 on average.
The 2017 Houzz & Home survey gathered information from 9,179 respondents in the UK.