Almost two in three homeowners aim to renovate their houses in the next six months, with most planning to spend up to $10,000 on their houses despite surging costs of materials and labour, research from tradie listings website hipages reveal.

The survey of 1005 homeowners completed between September 27 and October 6 also discovered that two-thirds of Australians would prefer to renovate their standing property as opposed to purchasing a new home, referencing location and the potential to enhance value as their most substantial reasons.

The yen to renovate was ignited by lockdowns and the substantial savings many households had accumulated during those times. More than eight in 10 families have saved an average of $1183 per month, with nearly half (47 per cent) planning to spend a median of $5000 on enhancing their houses.

This equals $34 billion worth of possible employment positions for tradies, said Roby Sharon-Zipser, hipages co-founder and chief executive.

During the course of the COVID-19 restrictions, more than a third of homeowners have delayed their house repairs and renovation plans, but they have witnessed the bounce back in activity that they anticipated, with record job volumes on the platform this month, he stated.

Consumer confidence is good, particularly in NSW, with similar trends anticipated in Victoria. It is beneficial to be a tradie, with record jobs available.

Homeowners in Kellyville and Castle Hill in north-western Sydney and Blacktown are the most eager to renovate, with home improvement job requests elevating since the start of last month, hipages revealed.

In Melbourne, houses in the south-western suburbs of Berwick and Frankston posted the most substantial number of renovation job requests, along with those in Brisbane’s coastal suburbs of Buderim and Southport.

Handymen, fencers, electricians, plumbers and painters were the most requested across the nation as homeowners placed priorities on kitchens, bathrooms, landscaping and painting throughout the next three months.

We have witnessed an increase in job leads, said Sydney’s electrician Hayden Wattley of Wattley Air Conditioning and Electrical.

Customers are more comfortable with welcoming tradies into their homes so they are beginning to tackle those small to medium-sized home improvements, he said.

And they want these jobs done by Christmas.

Brisbane landscaper Marco Piedrabuena of MJ Landscapes & Maintenance stated job requests have also been incoming heavily since October, and that his firm is booked.

Yet the burgeoning demand could elevate renovation costs amid the continuing disruptions to supply chains and a shortage of materials and labour.

Source: afr.com

Image source: istockphoto.com