Housing market trends may cause rise in demand for timber

Demand for MDF cutting services may be high at present. According to new research, homeowners in the UK are increasingly opting to make improvements to their current properties rather than moving on to new residences.

Many of those who engage in domestic enhancements may require wood of various kinds.

The Royal Institution of Chartered Surveyors (RICS) revealed that 50 per cent of the chartered surveyors it polled stated the slow sales market is prompting a growing number of people to improve their existing abodes instead of investing in new properties.

It suggested that while the trend is nationwide, consumers in the north-west of England were most likely to stay put and renovate.

The addition of new kitchens proved to be the most popular improvement. In order to complete these changes, individuals may need to enlist the assistance of a timber merchant.

RICS suggested that Britain’s housing market is still “stuck in the doldrums”. Meanwhile, it added that when consumers decide to make changes to their homes, they need to be careful.

It remarked: “Most properties have expansion or improvement potential, but we would advise homeowners to think about how much they are investing and their key motivator before undertaking major projects.

“It is important to consider the style and age of the property before undertaking any works. Remember, when you do eventfully look to sell, what appeals to you may not appeal to potential buyers. Costly disappointments can be avoided by prior planning and research.”

RICS global residential director Peter Bolton King went on to suggest that individuals should resist the temptation to over-value an improvement. He also said that when extending, people should make sure the accommodation provided is balanced with the size of the plot. The expert stated that when it comes to additions to real estate, “bigger is not always better”.