Cost of major home building projects drops by up to 28%

Importance Score: 25 / 100 🔵


Demand for Home Improvement Services Sees Mixed Performance

Interest in significant home improvement projects experienced an upswing in the recent quarter, according to new data released by Checkatrade. The figures highlight a resurgence in demand for kitchen fittings, bathroom renovations and structural modifications, indicating renewed homeowner investment in their properties. While quarterly results demonstrated strength, the platform noted a varied landscape when comparing year-on-year performance.

Quarterly Increases in Home Improvement Enquiries

The data reveals positive momentum in several key areas:

  • Bathroom Fittings: Enquiries for bathroom installations through Checkatrade tradespeople saw a 17% increase compared to the previous quarter.
  • Kitchen Fittings: Interest in kitchen renovations surged by 11% quarter-on-quarter.
  • Extensions and Structural Work: Queries related to larger-scale projects such as extensions and structural modifications also rose by 17%.

Year-on-Year Performance: A More Cautious Outlook

While the quarterly figures are encouraging, the annual perspective presents a more complex picture:

  • Bathroom Fittings: Despite the quarterly rise, bathroom fitting enquiries were down 9% year-on-year.
  • Energy Performance Certificates (EPCs): Enquiries for EPCs witnessed a significant surge of 151% year-on-year.
  • Waste Removal and Cleaning Services: Demand for these services also experienced a notable increase.

Factors Driving the Upturn in Home Improvement Projects

Checkatrade’s analysis points to several factors influencing the increased demand for home upgrades:

  • Seasonal Trends: The first quarter often sees an uptick in home improvement activity due to seasonal factors.
  • Falling Prices: A decrease in the average cost of building jobs may be incentivizing homeowners to proceed with planned projects.
  • Increased Home Sales: More individuals preparing to sell their homes are investing in improvements to enhance property value.

Decline in Average Project Costs

The average cost of a building job in the quarter decreased to £12,065, a 14% reduction compared to £13,964 during the same period last year. Kitchen fitting costs also experienced a significant drop, falling by a fifth from £7,509 to £6,093.

Checkatrade highlighted further cost reductions:

  • Building jobs: down 28% year-on-year
  • Kitchen fittings: down 14% year-on-year
  • Bricklaying: down 14% year-on-year
  • Electrician costs: down 24% year-on-year
  • Plumbing costs: down 17% year-on-year

Stable Interest in Architectural Services and Home Heating

Enquiries for architectural services and home heating solutions remained consistent with the previous year, showing no significant increase or decrease.

Checkatrade’s Commitment to Quality and Vetting

In July 2024, Checkatrade reported blocking a record 668 tradespeople for failing to meet its standards, a 13% increase year-on-year. The company’s rigorous 12-point vetting process ensures that only qualified and reputable tradespeople are listed on its platform. Roofing services were identified as the most challenging area, with roofers comprising 19% of rejected applicants.

The importance of using reputable tradespeople is underscored by data from the Department for Business, Energy & Industrial Strategy, which estimates that unscrupulous traders cost homeowners approximately £1.4 billion annually.

Earlier in the year, Checkatrade revealed that it had barred over 1,300 applicants from joining Checkatrade in 2024, reinforcing its dedication to maintaining high standards within the home renovation industry.


🕐 Top News in the Last Hour By Importance Score

# Title 📊 i-Score
1 Startup Anthropic says its new AI model can code for hours at a time — TradingView News 🟢 85 / 100
2 Here's what's in the sprawling Trump agenda bill House Republicans just passed 🟢 85 / 100
3 FDA panel debates COVID vaccine recipe as questions swirl about fall shots 🔴 75 / 100
4 Putin announces buffer zone along Russian border with Ukraine 🔴 75 / 100
5 NOAA forecasts above average Atlantic hurricane season 🔴 75 / 100
6 Special contact lenses let you see infrared light – even in the dark 🔴 72 / 100
7 Denmark to raise retirement age to highest in Europe 🔴 72 / 100
8 Furious Dave Portnoy blames 'colleges and far-left politicians' for fatal shooting at Capital Jewish Museum 🔴 72 / 100
9 The wireless GameCube controller for Switch 2 is available to preorder once again 🔴 65 / 100
10 Panic in Turkey as seaside town loved by Brits rocked by rat plague crisis 🔴 65 / 100

View More Top News ➡️