kb-network    Statistics 11 Apr 2017

‘Origin’ reveals the cycle of the homeowner in a recent UK housing market survey

Bespoke aluminium door and window manufacturer, Origin, has released the results of their latest UK homeowner survey in an attempt to understand the cycle of a homeowner’s life.

Spanning 2,000 UK homeowners, the survey looked at the different stages of property buying for the average British homeowner.

According to the report, the average British homeowner bought their first home aged 26, will live in seven different properties, and will spend £26,295 on redecorating during their lifetime – proving home improvements are certainly not redundant in today’s market.

UK adults will typically move out of their parent’s home at 21 years old and will reside in two rental properties before buying their first home. Typically, the homeowner will also live 66 miles away from their childhood home, and will only live in two cities in their lifetime.

Commenting on the company’s latest findings, director at Origin, Ben Brocklesby stated “With the cost of moving so high, we have seen that families now choose to improve their current homes, rather than move – people are choosing to renovate and improve their current property so it fits with their needs without incurring moving costs.”

Origin | origin-global.com