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Are people still carrying out home improvements?

Demand for diy is in decline 171 86253 0 14100685 300

Home improvements are something you either love or hate - and it seems Australia's desire to carry them out is starting to fall.

Popular TV shows like The Block had previously given homeowners an incentive to make their own properties stand out from the crowd, but figures from Roy Morgan Research suggest this is no longer the case.

Certain projects find favour

The group looked at home renovation statistics over the past four years, which show the number of people who have improved their property in the last 12 months has declined.

The proportion of homeowners who had carried out projects fell from 33.4 per cent in 2010 to 30.5 per cent in the present day, and there was also a decline in decorating intentions.

It's not just the big projects that people are deciding not to carry out, as there's also been a fall in the number of homeowners painting walls, ceilings and window sills.

Painting is the task that most Australians apparently dread, as there's now approximately a 2 per cent shortfall t between those who intend to paint at one particular time and those who have the following year.

However, there has been a rise in the number of people choosing to update their wallpaper, curtains or carpets than had previously intended to.

Getting the job done

Although carrying out DIY tasks in the home might appear easy at face value, there is the potential for something to go wrong without the necessary tools and expertise.

This could put your home insurance under threat in the event of an accident, as some providers won't pay out if you haven't taken the necessary precautions when home improving.

Allianz warns that DIY tasks can lead to serious injury if they're not carried out properly, so it's worth enlisting the help of a professional to get the job done.

It cited data from Monash University showing how injuries sustained as a result of falling from ladders was the leading cause of DIY hospital admissions in Victoria back in 1999.

There are also extreme risks associated with using grinders, chainsaws, drills and knives that homeowners may not realise until it's too late.

Reading the terms of your home insurance policy carefully is the first step towards making sure you are protected if home improvements don't quite go to plan.

This may include damage to the physical structure of your property, as well as the items stored within it.

Posted by Richard West

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