About 20% of homeowners plan renovations by 2022
By 2022 around 20% of homeowners are planning on making major renovations or upgrades in their homes, with 11% of owners planning to do it as soon as this year, according to a joint survey of economic research company GKI and Masterplast, state news wire MTI reports.
The survey showed that renovation works could involve 750,000-800,000 homes by the end of 2022. In Central Hungary, around 15% of owners have plans for upgrades, in the western part some 20% and in the eastern part around 23%.
A little more than 14% of respondents said they would work on painting, decorating and wallpapering, around 4.6% would replace doors and windows and 4.2% would refurbish their bathrooms.
Homeowners showed the same willingness for renovation works in 2020 February than in the previous quarter but plans were somewhat more modest compared to a year ago, GKI said.
GKI asks homeowners every three months about their renovations plans, the representative survey had 1,000 participants.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.