There is no doubt that the last couple of years have been financially trying for us Brits and you would expect that any spare cash we get would be saved for the next rainy day.
However, it would seem that isn't the case and in fact we are spending our money on home improvements rather than building our saving pots.
Jaimie Kendry, interior designer and director of Jaimie K Designs, explained: "People, we believe, have become impatient waiting for the upturn of the country.
"Their savings are not achieving anything worthwhile and so they are investing in their homes."
With the current economic climate limiting the number of lucrative investments available, purchasing a new
conservatory to boost the value of a home and increase space will no doubt become popular.
Ms Kendry also predicts that the overhaul of interiors will be high on the list of people's priorities. However, when planning to redecorate, we Brits must remember the importance of quality.
"The one piece of advice I would give to anyone is that good quality is important as it lasts and to always pay for the very best that you can afford at the time," she said.
However, in the current climate many of us looking to make home improvements may try to make do and mend, attempting often ill-fated DIY projects.
Figures have revealed that some 53 per cent of us in the UK are now doing our own home improvements thanks to the rising cost of living.
In Scotland in particular, 23 per cent claim they are more likely to do their own home improvements.
This trend has, however, resulted in 31 per cent of us having mishaps, 11 per cent of which have resulted in home insurance claims.
To reduce long term costs, it is advisable to get a professional to do large-scale or skilled renovations.
