The majority (86%) of homeowners have decided to make improvements to transform their house into their ‘forever home’, LV= General Insurance research has found.
The top changes people make to their property so it becomes a ‘forever home’, are redecorating in their own style (58%), refurbishing the kitchen (50%) and landscaping the garden (39%)
Heather Smith, managing director of the LV=GI Direct business, said: “When looking to buy a property, especially one where you intend to stay put, it’s important to consider which factors are most important to you.
“With house prices continuing to rise and uncertainty in the market, our research shows that the vast majority of homeowners are choosing to renovate their current property to create their ‘forever home’.”
Three in 10 (28%) homeowners living in their ‘forever home’ have stayed put and renovated their current home instead of moving further up the ladder, because they felt it was too expensive to do so.