MORE THAN 300,000 OVER 50s COULD BE LOOKING TO CREATE THEIR DREAM HOMES IN 2012

Tuesday 3 April 2012

• Over 3.7million* over 50s could be planning significant alterations to their home over the next 12 months • New kitchens and bathrooms are the most popular • Saga supports Architect in the House 2012, the annual fundraising campaign run by Shelter and the Royal Institute of British Architects (RIBA)

MORE THAN 300,000 OVER 50s COULD BE LOOKING TO CREATE THEIR DREAM HOMES IN 2012

At a time when the housing market and the economy are continuing to struggle, a Saga survey shows 3.7million over 50s could be looking to make major alterations to their home in the next 12 months.  This could help support UK growth.

The Saga populus** survey of more than 10,000 over 50s also showed the most popular alterations were new kitchens (31%) and bathrooms (31%), followed by conservatories (10%).  By far the biggest reason for making alterations is to keep up with new fashions and modernise their property (44%).  Almost one in ten of those making alterations are hoping to create their dream home. Many say they will alter their existing home, rather than buying a new one, because they are concerned about the cost of moving; 39% of over 50s’ cite this as a reason for not moving home.
 
Whilst some are planning their dream homes, a third (29%) of people aged 75 and over say they are making major alterations to allow them to stay in their homes and therefore remain independent for longer.
 
The costs of making their plans could become easier as a result of an initiative which Saga is supporting.  More than one fifth of those planning an alteration expected the cost of an architect would be more than £200 an hour. But the good news is that by signing up for this year’s Architect in the House fundraising campaign they could get one hour of  professional advice without charge, although there is a suggested donation of just £40.

Saga is supporting the scheme for the second year running. The scheme allows people to get an hour’s consultation with an RIBA chartered architect in their local area to discuss any home improvement ideas, and participants can make a donation to Shelter. People can register at www.architectinthehouse.org.uk  from 16th April until 6 pm on 11th July 2012.

Dr Ros Altmann, Director General of Saga commented: “We are really pleased to be supporting such a worthy charity, which improves the lives of homeless people and of people with housing needs.  We are also happy to be able to help people get advice from a professional architect, which could be the difference between a DIY disaster and a show home success.”

ENDS

NOTES TO EDITORS
• * There are 21million over 50s in the UK, our survey indicates 18% of people are planning major alterations in the next 12 months. 18% of 21million equals 3.7million.
• ** Populus interviewed 10,319 Saga customers, all aged 50 and over, online between 9th and 15th March 2012.  Populus is a member of the British Polling Council and abides by its rules.

 

 

 

Number of people planning an alteration

Most popular alterations

Number of people making a major alteration to modernise their home

London

18%

New bathroom (35%)

50%

South East

18%

New kitchen (35%)

46%

South West

19%

New bathroom (32%)

48%

West Midlands

19%

New bathroom (39%)

56%

East Midlands

16%

New bathroom (33%)

39%

North West

17%

New bathroom (34%)

55%

North East

18%

New kitchen (44%)

52%

Yorkshire and the Humber

17%

New kitchen and new bathroom (26%)

42%

East Anglia

17%

New kitchen (29%)

47%

Scotland

16%

New kitchen and new bathroom (26%)

42%

Wales

20%

New kitchen (33%)

34%

 

About Architect in the House 2012
• Architect in the House 2012 is the annual fundraising campaign run by Shelter and the Royal Institute of British Architects (RIBA).
• After registering, people will receive a confirmation email and then be matched with an RIBA chartered architect who will email them details to arrange the consultation.
• Consultations need to take place before 30th November 2012.
• After an hour’s consultation, people can decide if they would like to continue to work with the architect on a commission basis.


 

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