A few years ago, it was normal for homeowners to gather their tools and climb up that ladder to fix a loose shingle or put on their overalls and get some repainting done whenever they had spare time. Those were the days when individuals seemed to be bitten by the DIY bug and were determined to fix a thing or two to perfect and maintain their homes.
However, nowadays people have grown tired of the prospect of opening a toolbox and lifting a hammer— in fact, not very many individuals, particularly of the emerging young adult set, own a hammer, let alone a whole arsenal of tools. It seems that homeowners either lack the skill to perform tasks themselves or are simply deterred by the thought of spending and putting in effort to do maintenance or remodeling work.
Housing economist at Lloyds TSB, Nitesh Patel said, “The continuing squeeze on discretionary incomes and the subdued state of the housing market is causing many householders to reduce their spending on home improvements.With economic conditions expected to remain challenging, the current squeeze on spending on both DIY and tradesmen is likely to continue for some time yet.”
According to recent figures, the expense of home make-overs has fallen for five years in a row and is a now one third below the peak of 2004.
For more on this development, visit dailymail.co.uk.