Move or improve? Builders increase costs

The Federation of Master Builders' latest State of Trade Survey reports that 74% of builders have raised prices for their work in Q4 2021.

At a time when they are reporting a 19% increase in workloads, 95% of builders are also seeing a rise in the cost of materials.

Labour shortages are also making it hard with 43% struggling to hire carpenters and 41% finding it difficult to find bricklayers.

Increased cost for home improvements, labour shortages and material price rises, may prompt homeowners to consider moving over improving.

Source: Dataloft, Federation of Master Builders.