Seven million UK homeowners plan to renovate their home this year. It’s not just simple DIY fixes on the menu: renovators will spend more than £14,000 each on average in the next two years.
Taking work home
Extending the layout of homes is one of the most popular changes, with one in five planning to add more space in the next two years. Home working practices are cited by one in four respondents as the reason for this renovation, notably desires for a home office (15%) or space for a business venture or side hustle (13%).
Multi-generational living
Another key factor driving an increase in UK home extensions is multi-generational living. With more than one in 10 UK adults living with their parents, step-parents or in-laws, increasing home space is especially appealing to this cohort. Extra bathrooms, toilets, or shower rooms are cited as a high priority.
Meet the renovators
Renovation plans are particularly popular among younger age groups. Generation Z (73%) and Millennials (65%) lead the way with expansion plans. Younger homeowners are especially likely to favour green upgrades, with 86% stating that improving energy efficiency was a key motivator for their home improvement work.
🚨 Data accurate as of the date of publication
🚨 The above material is for informational purposes only and does not constitute a sales offer or financial advice. Before taking out any insurance, credit agreement or other financial product, you should obtain individual advice on your requirements and the general terms of the contract.
Source: Quilter Financial Planning – Essentially Mortgages Q3 2025
