More people are saving for home improvements

The percentage of people hoping to put money aside for important home improvements to their residential properties has risen, according to new statistics.

Figures from Legal & General showed 45 per cent of those polled were contemplating renovating their houses with savings money in August 2010.

This represented a rise of two percentage points from February this year, with the survey revealing Britons are more inclined to save (60 per cent) than spend (23 per cent) at the moment.

The economic crisis has forced people to consider their financial situation more closely, the organisation said, which has prompted an increasing number to concentrate on short-term requirements.

Those considering home improvement projects were recently advised by the Office of Fair Trading to ensure recommended tradesmen are hired.

In July, the organisation claimed rogue builders were most common in roofing, tarmac and insulation jobs.

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