Home / Industry News / Brits to Spend £47Bn on Home Improvements in 2021 – Painting/decorating is the top home improvement (69%)

Brits to Spend £47Bn on Home Improvements in 2021 – Painting/decorating is the top home improvement (69%)

Half of Brits Set to Improve, Not Move in 2021

• British households set to spend on average £6,531(£47 billion nationally) over the next year sprucing up and transforming their homes

• Grey revealed as top home improvement colour in 2021

• Safety is biggest issue stopping Brits from buying new home

• Attic Self Storage launches Mover or Improvers Expert Advice Booklet

17th November 2020, LONDON: British homes are set for a year of transformations in 2021, as over half of Brits (53%) said they would rather improve, than move over the next year – with only one in five Brits saying they would consider taking up the government’s stamp duty holiday relief (20%), reveals new research by Attic Self Storage.

Lockdown Brits are set to spend an average of £6,531 per household over the next year sprucing up and transforming their abodes, with decorating being the top home improvement (69%) and grey being named as the top colour of choice, followed by cream, blue, white and green. Pink is the least desired colour for home decorating.

More than two in five (43%) Brits are looking to upgrade their garden and outside areas; 34% are buying new furniture; almost a fifth (18%) are looking to extend or build an outhouse; and 14% a work hub.

It’s no surprise with lockdown that space was the top obstacle for both movers and improvers, with it being the number one reason (46%) for Brits opting to move over the next year; and for improvers – one in three is planning on creating more space by reworking a room (33%); and more than one in five (22%) are looking to create more storage space.

 

Top Home Improvements 

Top Colour for Home Improvements 

Decorating / painting

Grey

Garden / outdoor spruce up

Cream

New furniture

Blue

Rework / create more space

      White

Extensions / out house

Green

 

MOVERS: Safety is the biggest issue stopping Brits buying

Looking at the property market, 61% of Brits believe it’s a bad time to sell a property; 43% say they would rather stay put for safety reasons while 35% said it’s too challenging to view properties with all the restrictions. Moreover, 18% are put off by banks not lending like before; 29% think the market is too confusing; and 16% think they would lose too much money on their current property.

Frederic de Ryckman de Betz, Founder and CEO of Attic Self Storage, comments: “With lockdown returning and space being a key motivator for both movers and improvers, to help, we have worked with experts from all over the UK including interior stylists, estate agents, space savers and financial advisors, to create a free downloadable booklet with top tips for those making home improvements or buying a new property.”

Free Movers and Improvers Expert Advice Booklet: 

To download your free Movers & Improvers booklet for top tips from experts all over the UK, please visit: https://www.atticstorage.co.uk/blog/home-movers-improvers

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