Home Improvement is In, Displacement Out

By: Caitlin Lucy

Moving out of a property is not easy and that is why many homeowners prefer to upgrade their existing properties rather than move out. A recent study from Standard Life Bank shows that many Brits, especially those in their middle age, do not want to get involved in the cost and hassle of moving out of their existing homes. They rather prefer making improvements in their existing homes.

The study shows that around 75 per cent of the people are discouraged by the expenses and efforts involved in shifting.

One-third believes that renovation can add more value to their homes and it is a better alternative than looking out for another home. Easy availability of secured loans in the market for carrying out home improvements also makes the matter easy for the homeowners.

Standard Life's trends expert Ashley Ramsay said: "Savvy homeowners appreciate that their property is a valuable asset and investing time, effort and money could be worthwhile. Having chosen where they want to live and settled into neighbourhoods, they are loathe to start over again". For additional information on the news that is the subject of this release (or for a sample, copy or demo), contact Webmaster or visit Loans park.
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