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&#39Over two decades to create a dream home&#39

Nearly half of all homeowners who bought their house 20 years ago are still carrying out renovations, according to a survey by NatWest Mortgage Services.

The NatWest Property Pulse survey shows people in Yorkshire, Lancashire and the Midlands take longer than most to do up their home.

But there is no distinct division of the sexes in carrying out the work, with 51 per cent of men and 45 per cent of women saying they are responsible for renovations.

Homeowners in the North-east are streets ahead of the rest, as one-third of them create their dream home in less than three years.

The survey also shows that 88 per cent of homeowners would like to change at least one aspect of their property. The most popular choice of home improvement is a fitted kitchen, followed by a new conservatory and an extension. The least popular choice is a new garage, with double glazing and loft conversions also near the foot of the table.

Putting down roots and a sense of community are highly valued, as a majority said they would not move house if they won the National Lottery. The research was carried out in January, surveying 1,000 adults across England and Wales.

NatWest Mortgage Services head Charles Haresnape says: “With the multitude of DIY makeover programmes and the fact that most of us would not move, even if we won the lottery, it is very surprising that we take so long to finish doing the place up. House prices have increased by an average of tenfold since the early 1970s and many homeowners are sitting on equity in their homes which could be used to get a professional in to finish the job.”


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