Britain’s self-builders and home renovators are remaining unfazed despite business bosses holding off on major deals due to Brexit uncertainty
A recent survey from the market-leading Homebuilding and Renovating Shows reveals 86% of homeowners, self-builders and renovators are continuing with their project in the run up to leaving the EU.
As a result, the following industry sectors can expect to reap the benefits
- Doors and windows
- Drainage
- Roofing and cladding
- Security
- Lighting
- Plumbing and heating
- Kitchens bedrooms and bathrooms
- Planning permission
- Renewable technologies
- Energy efficiency
- Home insurance
A whopping 78% of respondents admitted that they are not expecting to change their level of project spend.
Additionally, there was no indication that homeowners had changed their minds on product choice or scale of project.
Jason Orme, property expert for The Homebuilding & Renovating Show said: “Self-builders and home renovators are stoic by their nature, spending £10,000s and even £100,000s creating their dream homes, often for the first time.
“The economic and socio-political outlook is impossible to control or predict, but life for those looking to take control of their living spaces carries on regardless.
“We will always need to build and renovate our homes, as existing stock deteriorates and our needs change. People are not going to pass on that once-in-a-lifetime dream building plot because of a political issue the outcome of which they cannot predict.
“They have jobs, and they earn money, and house prices remain stable in almost all areas – that’s what affects building activity for individual homeowners looking to commit to a life-changing project.
One in 20 of the respondents asked claim that Brexit has inspired them to spend more on their upcoming project.
Nick Noble, head of events for Future Home Interest said: “We certainly wouldn’t have been surprised if our audience were following the rest of the economy in exercising caution when committing to major spending decisions.
“However, this survey goes to show what we had always suspected – that this group of people, already going out of the mainstream to create these amazing homes and extension projects, are incredibly determined and serious about making a start on the new life their home will give them.”
