Interest rates are low, the property market continues its upward trend and homeowners are ready to renovate.
It’s no news that the property market is big business across Australia, but it may surprise you how many of us are keen to get stuck into renovating.
A quarter of homeowners (26 per cent) plan to renovate their home in the next year according to a new survey by ServiceSeeking.com.au. That’s a lot of plumbers, painters and carpenters needed across Australia, so it’s a great sign for the buoyant renovation trade sector.
And nearly half of all homeowners (54 per cent) have renovated in the past, so we really are a nation in love with the idea of renovating.
“Renovating is big business at the moment. Homeowners love to update, experiment and change their surroundings so there is always plenty of work around for tradies,” says ServiceSeeking.com.au CEO Jeremy Levitt.
“And with the property market continuing to soar, the rewards will be in not only the satisfaction a newly renovated space brings, but in the monetary rewards should they be renovating to sell.”
Whether it’s one room or a whole house renovation, there are many considerations to make before donning the tool belt or placing a job listing for a carpenter. For help with where to start, see: www.serviceseeking.com.au/blog/customer/pricing-guides/renovating-which-rooms-first/
Statistics are from a recent survey of more than 800 ServiceSeeking.com.au customers.