Brits Spend £15,215 Furnishing Their Homes

by

New research by a home furnishings website in the UK has discovered the true value of the average British household. According to the poll, the value of the average British home is £15,215.

 A new poll conducted by a home furnishings specialist has revealed the value of British homes. The average value of each item in the average British home was used to calculate the average value of the British home, with the most expensive items revealed as the ‘Television’ and the ‘Sofa’.

www.TerrysFabrics.co.uk, a home furnishings specialist, conducted the research as part of an ongoing study into the value of Britons’ interiors. 3,186 homeowners took part in the survey, all of whom were over the age of 18 and lived in a 3-bedroom house. Respondents answered questions on the average value of items in their home, which were used to calculate the average value of the average British home.

Initially, all respondents were asked ‘Do you feel that you have too many items in your home, such as furnishings and decorations etc?’ The team at Terry’s Fabrics reviewed the answers to find that the majority of respondents (61%) felt that they did have too much in their house.

All respondents were asked to estimate the value of each of the rooms in their house according to the expense of the contents, including all appliances, electrical goods and furniture. Results were compiled by researchers, with the average cost of each room revealed as follows:

1. Hallway – £413
2. Lounge – £5,831
3. Dining Room – £1,620
4. Kitchen – £3,981
5. Master Bedroom – £1,567
6. Second Bedroom – £599
7. Third Bedroom – £301
8. Bathroom – £903

Researchers compiled the average cost of each room in order to calculate the average value of each home’s furnishings and items. The total value of all the contents in the average British home was revealed as £15,215.

Wanting to delve a little deeper, respondents were asked to reveal which items they spent the most amount of money on. The top 5 most expensive items bought by Britons were revealed as follows:

1. Sofa – 26% (of respondents spent the most amount of money on this item)
2. Television – 21%
3. Kitchen Units – 14%
4. Fridge – 9%
5. Oven – 7%

Paul McGuinness, Managing Director of Terry’s Fabrics, made the following comment:

“There’s no hiding the fact that it is expensive to furnish and decorate your house, but I have to say I’m surprised at just how much Britons seem to be spending on furnishing their homes. There’s some great deals out there for brilliant products, so it is really worth shopping around to get exactly what you want. You could even try some made to measure products, which can add the special touch to your property.”

If you’re looking to refurbish your home this summer but need a big cash injection, why not see if you are entitled to a tax refund? A good accountancy service will be able to claim a tax refund for you and you will probably be surprised by what you can claim. You can claim tax back on money you’ve spent on tools, mechanics tools, uniforms, travel and much more. There’s nothing to lose, it just take seconds to use the free online tax calculators to see how much you’re owed.

by