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Home improvement jobs put on hold due to financial concerns

Many homeowners are deciding to put their home improvement jobs on hold because of financial uncertainties, suggests Homebuilding & Renovating.

A sluggish economy, higher costs of living and pay freezes have left many feeling unsure about how things are going to play out in the foreseeable future and are consequently taking a cautious attitude to finances.

Recent figures from the Confederation of British Industry (CBI) have shown that sales volumes of hardware and DIY products fell by 62 per cent last month compared to 12 months previously.

Jason Orme, editor of Homebuilding & Renovating, said that although the closure of Focus DIY earlier this year is likely to have impacted on the figures, the fall can mainly be attributed to wider economic pressures.

Mr Orme said: "Obviously work around DIY and anything to do with the home is a significant investment and at the moment people are thinking twice about how much money they are willing to put into their homes."

Homebuilding & Renovating is a UK magazine for self-builders. It publishes exclusive news, updates on building regulations, useful facts and competitions.

People with a bit more freedom to go ahead and renovate may wish to consider a self storage unit to store valuable belongings when their homes are being decorated.

Source : Graeme Pieterson - Safestore UK

08 August 2011
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