In addition, more than 9.4 million homes in England and Wales were built before World War 2, and almost 5 million are more than 100 years old. Roughly 2 million houses were built 40 years ago. In parallel, the number of homes built every decade has been decreasing since the 1950s. (http://www.historicdoors.co.uk/blog/englands-building-age-infographic/)
So, the biggest reasons why people have been seeking more and more home renovation services are the fact that a lot of houses are old and outdated and do not provide their occupiers with the necessary quality of life that they would wish for.
Now that you’ve understood why this service is trending, let’s figure out why it is important to use a house renovation service. Well, for starters, to solve one of the issues raised before.
People have understood that their house has a big impact in their life and, since they want a good life, they need a good home. Renovating a house will for sure guaranteed an improved interior in terms of aesthetics. Refreshed walls, refreshed floors and refreshed arrangement of furniture would be the first step in securing this improved look. But, more than that, people seek to renovate their houses to improve their functionality, as this would have a greater effect on the quality of life of its occupiers.
Improving the functionality of a house can come in many forms. The most common renovation projects involve repurposing rooms, meaning people want to give a new use to a room they already had. This requirement comes from children moving out of the house and parents wanting to repurpose their former rooms; interest changes such as wanting to have a game room, home cinema or bar; or need changes such as the need to work from home as we have been witnessing during the COVID-19 pandemic.
The second big reason why people are resorting to these services comes from an investment standpoint. Obviously, this service can be seen as a non-economical investment in a way that people are spending money to improve their quality of life, even though not reaping economic gains. But, it can also be quite an appropriate economic investment, as the house value would increase.
When looking at an economic investment you should assess its timespan: short term or long term. Starting with the short term, people would invest to have a higher gain on a short period of time. An example of such an investment would be to renovate a house in order to sell it for a higher price. On the other hand, a long term investment would have you spend now to continuously earn more over a longer period of time. This can be achieved with a house renovation in the way that you would be able to ask for a higher rent price for the whole house. In addition, people can also renovate a house to have an extra spare room which they would then rent to regain that investment.