Home improvement projects 'being sidelined'

Many maintenance projects are being postponed as people try their best to save cash, a survey finds, but this may have vast implications when selling your own home.

Research from Gocompare reveals that 32 per cent of homeowners are avoiding carrying out necessary improvements, which could prove a false economy.

"For most of us, our home is our most valuable asset, so when making cut backs you need to ensure that it is adequately protected," Phil Paterson-Fox, Gocompare.com's head of home services.

He suggested that while cosmetic jobs can often be postponed, structural and other essential work should not be put off for longer than is necessary.

Statistics from the Land Registry recently showed that property prices across England and Wales have fallen by 1.3 per cent over the past year.

London, however, experienced a price rise of five per cent in the last 12 months.

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Published on: June 13, 2011

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