Why Home Renovation Prices Are Now Higher Than 2 Years Ago
The worldwide pandemic of 2019-2021 watched people all around the world spend more time in their home’s than ever before. COVID 19 Spending so much time within one place is bound to initiate several home renovation ideas that may not have been considered before. Many were forced to spend extended periods of time between the same four walls – whether they were in isolation after a positive test or simply following the rules of lockdown imposed by the UK government. During the pandemic, homeowners would sub-consciously look around, finally noticing the flaws within their home. Home Renovation People were forced to become increasingly creative with their home renovation ideas – using the space they had within their home to its full potential. This caused homeowners to notice faults within the functionality of their homes. For example, families may have felt too confided within their homes, leading them to consider an open plan living design. In other cases, homeowners may have noticed a colder home, due to their old windows lacking in thermal efficiency. During this time, potential home renovation ideas were identified to improve the thermal efficiency, secure, weather resistance, aesthetic, and functionality of living spaces. Work from home According to the Metro, the demand for home renovation services have increased by 50% in just two years! The most popular renovation ideas consisted of home gyms and open plan living spaces. Not to mention the “work from home” movement. Many office (and other industry) workers were asked to work from the comfort of their living rooms until further notice. Not long after the start of the pandemic, zoom meetings, uniform pyjamas and late starts soon became the ‘new normal.’ A key priority was the ‘home office,’ ensuring that it was comfortable, functional, and quiet enough to concentrate. Many had to adapt their homes and add the necessary features, seamlessly transitioning a particular room into a suitable working environment. Home renovation ideas New home renovation ideas mean that home improvement companies and tradespeople were in demand more than ever before. According to Rated People, there has been a huge 32% increase in business for construction and home renovation costs UK. However, new reports have suggested that home renovations costs have increased by 40% more than they did two years ago. Rising home renovation cost The increase in costs is due to a number of factors. This includes material shortages and the fact that tradespeople are putting their prices due to the high demand. Research suggests that nearly four out of five tradespeople have increased their home renovation costs (UK) by a huge 20% or less. This means that a new bathroom cost or kitchen extension cost have risen more than ever! Did you know that a new bathroom cost totals at approximately £1,500 more than it did 2 years ago? This is a huge 25% increase. The Property Reporter suggests that homeowners can now expect to spend a huge £7,000 more than they would have pre-pandemic. Despite the rising home renovation costs (UK), homeowners are still willing to commit to a home renovation as it is still much more affordable than the alternative of moving house. Furthermore, if they ever did decide to sell up in the future, the renovations they may choose to implement now would effectively increase the value of their home. Grants Looking for ways to improve your home but cannot spare the cash right now? There really is no need to worry. Apply For Grants provide you with the funding that you need to make your home renovation dreams a reality. Are you in need of a new conservatory? Or perhaps some new double glazing for windows and doors? Whatever your home improvement preference, simply check your eligibility and we will confirm the amount of funding that you are entitled to. Although home renovations costs (UK) are rising, the concern for energy efficiency and global warming is also growing. Carbon emission The UK government is determined to reduce all carbon emissions by 2030. However, this can only be achieved if all homeowners are granted access to funding for energy efficient home improvements or at least, new double glazing for windows and doors. Contact ‘Apply For Grants’ today to see how we can help you to achieve an energy efficient home on a budget. With so many funding options available, there really is no excuse not to help mitigate the effects of global climate change through the installation of energy efficient, new double glazing windows and doors.
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