Cost of living crisis not putting off self build projects according to NSBRC
A new survey of consumers who’ve visited the National Self Build and Renovation Centre (NSBRC) shows people’s ambitions to self build has not been affected by the cost-of-living crisis.
The survey respondents included self builders and home renovators and identified that their plans were still on track, with more than half of those surveyed stating that the economic downturn had impacted their plans, but that hadn’t changed their minds about pursuing their projects. Of the 644 responders, just 2% said they had put their projects on hold.
The survey did show, however, that many people were definitely feeling the effects of the cost of living crisis, and were opting to adapt their projects, by either revising the spec, scale or model. The main reasons cited (47%) is to increase affordability, for example, undertaking more work themselves as a form of ‘sweat’ equity.
Over a third of people were thinking ahead by planning more energy-saving measures to reduce longer-term operational costs, saying this was a direct response to the current economic conditions.
Harvey Fremlin, Managing Director of the NSBRC, said the findings were reflected by customers at the centre:
“Sustainability and thinking about the energy use of the future is a key priority for our customers. The recent news of possible fuel rationing this winter shows more than ever how important it is to invest in sustainable, energy-efficient measures, and it’s obvious to us from the conversations we have that people are absolutely clear on not compromising on this issue. It’s really important t