Homeowners are turning to DIY to add value to their properties as the market flattens, according to research.
More than a quarter of homeowners (28%) are planning improvements specifically to add value to their properties over the next 12 months, Halifax said.
Almost half (44%) believe improvements will add up to £5,000 to the value of their property, with 12% believing the increase will be between £10,000 to £25,000.
The most popular home improvements are redecorating (71%), garden improvements (35%), new furnishings (33%), new carpets (25%), laminate or wood flooring (22%) and a new bathroom (21%).
Almost one in five (17%) have introduced energy efficiency measures into their homes.
Russell Galley, head of mainstream mortgages at Halifax, said: “In the current market, homeowners can inject value into their homes by undertaking the right home improvements.
“Carrying out work on your home can be rewarding but costly to correct if not executed properly. Where appropriate, consult the professionals and seek any necessary planning permission before getting started.”
