Most UK homeowners would rather adapt their existing homes to meet changing needs than move, according to B&Q's The Way We Live Now Report. The study, which surveyed over 3,000 people across the country, revealed a growing trend towards long-term residence and home improvement.
According to the findings, 61% of respondents plan to remain in their current homes for at least the next five years. Furthermore, 70% have already lived in their home for five years or more, with nearly half (49%) staying for over a decade. B&Q concluded that people are increasingly focused on "creating their dream homes" rather than relocating.
Home modifications are being used to meet evolving needs. A quarter of those surveyed reported carrying out major building works, such as extensions or side returns. Meanwhile, 11% said they had added an extra bathroom, and another 11% converted attic space into an additional bedroom or living area.
Family needs remain a major driver. Nearly half (46%) said they had postponed downsizing in order to accommodate adult children still living at home.
Graham Bell, CEO of B&Q, stated that the report shows a shift in mindset: 'This year's report reveals that more people are choosing to love and not list their home.' He added that homeowners now feel more empowered to undertake significant changes, with layouts being reimagined to suit solo living, growing families, or multigenerational households.
Examples include garden rooms being transformed into annexes, walls being restructured, and bedrooms relocated to different parts of the house.
The findings reflect a broader trend towards creating personalised, long-term living spaces rather than seeking new properties in a competitive housing market.
Source: www.kbbreview.com