New research has revealed that most people want to buy a property that needs a little work. If this is you, we can help.

Thanks to our position in the heart of the Leicester property market, our expert team is on hand to point you in the direction of project properties, whether you’ve got your eye on a future profit or simply want the chance to put your own stamp on your home.

We have long been aware of the popularity of properties in need of a little TLC, and the new Zoopla figures reflect this trend. In fact, the new survey found that over seven in ten British buyers are looking for a project property that needs some work, rather than buying what they see as a ready-made home.

With this in mind, the Zoopla survey found that the average British person actually ring-fences £17,765 in order to fund the work they want to do.

The Zoopla study questioned 1,577 respondents, including 1,287 homeowners. It discovered that a third of those questioned would be prepared to take on significant alterations, including structural work, in order to make a house a home.

One in five also said that they would be willing to carry out most of the work instead of enlisting the help of professionals. The survey found that 14 per cent of people are happiest tackling the decorating of walls, whilst 12 per cent wouldn’t mind replacing floors, and nine per cent would turn their hand to landscaping the garden.

One in four people did admit to leaving DIY projects unfinished, however, which could affect the value of a property when it comes time to sell.

Zoopla found that, of those questioned, 61 per cent said they would look at the potential for a boost to the re-sale value of the property before starting a renovation project. Many said they favoured improvements such as changing bathrooms or kitchens, converting lofts or putting in a conservatory.

Recent Lloyds Bank figures also reveal a continuing enthusiasm for DIY amongst homeowners. Home-improvement spending rose by 13 per cent during 2015 to reach £5.8 billion, its highest level for seven years.

During this period, spending on tradesmen’s services fell by 15 per cent, however. This fall to £1.6 billion reveals an increasing enthusiasm among Brits to take on DIY projects themselves.

Andrew Mason, of Lloyds Bank, said that the spending heights last seen about ten years ago had not quite been reached, but the latest figures reveal that spending on home improvements has grown in a sustained manner in the last seven years.

He said that this demonstrates growing economic and housing market confidence. This is in contrast to the spending falls experienced over the turbulent economic period from 2007 to 2011, he added.

Are you looking to buy, sell or renovate a property in Leicester? Call Keywest today 01162544555 and speak with one of our property experts – someone will always be available to help.