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Distance Learning Trade News
Home improvements popular during downturn
The housing downturn could create new jobs for plumbers and electricians, one industry expert has suggested.
Holly Sleight, marketing manager at cooking and kitchen brand Rangemaster, explained that people are still spending money on home improvements this year despite the recession.
Research commissioned by Lloyds TSB in October 2008 found that 73 per cent of people thought that installing an energy-efficient boiler would help make a home more sellable.
The same number believed that a new kitchen would also boost a home's saleability.
Ms Sleight said: "We are finding that a lot of people are renovating their own house rather than moving.
"So instead of getting sales from people moving house it is just them doing it up."
Nearly one fifth (17 per cent) of estate agents believe that kitchen renovations are the best way to add value to a home, according to the National Association of Estate Agents.
