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BOI survey shows that almost 60% of homeowners plan to make improvements in 2015

Bank of Ireland: Nicola · 2015-07-20 10:53:20

New research – the Bank of Ireland Home Improvement Survey – shows that 60% of customers surveyed plan to make home improvements at some point this year. Of those, 60% plan to spend less than €5,000 while 30% plan to spend €5,000 or more and almost 20% of respondents plan on spending over €10,000. To support customers…

20-07-2015 10:53am

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Bank of Ireland: Nicola

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New research – the Bank of Ireland Home Improvement Survey – shows that 60% of customers surveyed plan to make home improvements at some point this year. Of those, 60% plan to spend less than €5,000 while 30% plan to spend €5,000 or more and almost 20% of respondents plan on spending over €10,000.

To support customers undertaking home improvement, Bank of Ireland has introduced a reduced personal and home improvement loan rate of just 7.5% APR* with terms of up to 10 years available on loans between €300 and €65,000.

Commenting on the survey results, star of RTE’s Room to Improve Dermot Bannon says, “It’s fantastic to see that so many Irish people are planning to undertake some home improvements. The best advice I would give to those who are planning on undertaking home improvements is to do your research in advance. It’s such a unique and personal experience for everyone, you want to do everything possible to make sure you’re happy with the results. The survey highlights the majority of people are aiming to spend less than €5,000 on improvements so I would urge them to shop around to ensure they get the best possible value for money”.

Full article available here.

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