Brits Have Spent Over £10k Perfecting Their Homes In The Last Five Years

New research by comparethemarket.com reveals the most expensive rooms in the home and how long, on average, Brits spend in certain rooms to unveil which are the best value for money.

It won’t be much of a surprise that the master bedroom is the best-valued room in the home with Brits spending the most time here (2,482 hours per year). However, people only spend an average of £308.51 updating the room each year. 

With more people working from home than ever before, the home office is near the top of the list with people spending 1,204.5 hours per year in the room. Since the beginning of lockdown back in March, £213.21 has been spent on doing up the home office. 

Over the last five years, Brits have spent over £10k (£10,461.59) on home improvements with almost a quarter of that being used for the kitchen (£2,293.64). Delving further into hours spent in the kitchen, it seems Britons are putting their culinary skills to use (766.5 hours per year).  

How much has been spent during the lockdown 

Looking at the surge in home renovations during the lockdown, Brits have spent over £1k (£1,210.35 in total) perfecting their homes with the three most expensive rooms for renovations being: 

1. Living Room (£214.49)
2. Office/Study (£213.21)
3. Kitchen/Dining Room (£210.69)

Regional breakdown 

The research highlighted interesting regional findings.  While Londoners spent the most on their homes in the last five years (£12,236.86), people from Newcastle topped the list of those who splashed the most cash on renovations during lockdown .

Top five cities:

1. Newcastle (£1,561.41)
2. Bristol (£1,338.50)
3. London (£1,322.82)
4. Edinburgh (£1,281.72)
5. Belfast (£1,269.50)

Out of 15 cities, people from Leeds were found to spend the most time in both the kitchen (2.5 hours per day) and the master bedroom (7.6 hours per day).

Chris King, head of home insurance at comparethemarket.com, said: “Many of us have spent significantly more time in our homes this year so it’s natural that people will want to update their living spaces. 

“This research highlights just how much we invest in our homes and ultimately how important it is that you have comprehensive home insurance to financially protect the home and belongings.” 

To find more information about the most expensive rooms in the home and other helpful tips on the benefits of home/contents insurance please visit: https://www.comparethemarket.com/home-insurance/content/most-expensive-room/

Source : CompareTheMarket.com

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