Some 35% of home owners in the UK who bought a property that needed renovation had to as it was the only way that could afford to buy a home, according to new research.
Some 8% bought a home needing renovation but found that in reality they could not afford to do the work and 10% ended up living on a ‘building site’ for a year or more before starting the work.
The research from price comparison site Confused.com also found that for those who
persevere the hard work can be worth it 19% made a profit of between £25,000 and £50,000 from a successful renovation project.
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