UK homeowners are spending more on home improvements than ever before, sacrificing luxuries such as holidays and new cars to fund eco-friendly upgrades, according to a new survey.
Record spending on home improvements
The survey of 2,000 homeowners found that average annual spending on home improvements has risen to £3,140, up from £2,870 in 2024, despite widespread economic concerns. Nearly a third (30%) plan to spend even more in 2026 than last year, with 24% cutting back on holiday plans and 14% forgoing new car purchases to finance renovations.
Two-thirds (67%) of respondents are redirecting their finances towards home improvement to prioritise comfort, while 32% want greater control over energy bills. Additionally, 22% are concerned about energy security, and 32% regularly worry about the price volatility of gas and electricity.
Energy efficiency a priority
The research, commissioned by heat pump manufacturer Daikin, revealed that 63% of homeowners consider investing in energy efficiency very important for 'future-proofing' their homes against price fluctuations. Over half (55%) believe making their property more energy efficient would boost its resale value, and 43% are making changes to attract future buyers despite having no immediate plans to move.
Nearly half (47%) said alternative energy sources like heat pumps and solar panels would be sound investments for their future. Enhancing insulation (35%), draught-proofing doors and windows (27%), and installing double or triple glazing (25%) are among the leading priorities.
Government schemes and future standards
Lucy Gaby, residential marketing manager at Daikin, noted that the Government's Boiler Upgrade Scheme, offering grants up to £9,000, is making eco upgrades more attainable. The Future Homes and Building Standards policy also requires new homes to incorporate low-carbon heating and meet higher energy efficiency standards.
"Creating an energy-efficient home not only boosts comfort but also helps manage rising energy costs and improve energy security," Gaby added.
Homebuyer preferences shift
The survey, conducted via OnePoll, found that 46% of respondents would choose an energy-efficient home when purchasing in the future, compared to just 7% who would select a property requiring improvements. Nearly half (44%) said they would pay more for a low-energy consumption home.
Gaby, who will feature at Grand Designs Live this weekend, concluded: "With fluctuations in weather conditions alongside energy price volatility, it's no surprise that future-proofing our homes is now top of mind. Investing in energy efficiency today is an investment in the comfort and security of tomorrow."
