Pro Installer October 2017 - Issue 55

PROINSTALLER.CO.UK THE VOICE OF THE TRADE ISSUE 55 OCTOBER 2017 FREE 04 Tradespeople are the healthiest 08 Starting your own installation business? 36 Colour helps 44 Death knell for You could be fitter than a personal trainer. Powered Now shows you the perks and the pitfalls. Bright options for doors, windows and roofline. Petrol and diesel vans are on the road to nowhere. installers upsell traditional fuel HOMEOWNERS RELY ON BANK OF MUM AND DAD Research from Plentif-, an online home ser- vice marketplace, has found that financial help from the Bank of Mum and Dad isn’t just limited to purchasing a property, it also extends to improving the home. A fifth of homeowners (18%) say they rely on the Bank of Mum and Dad to help finance home improve- ments, while 19% admit that their parents physically help them to carry out DIY. In the past, owning your own home as a young adult wasn’t the struggle it ap- pears to be nowadays. Many older parents will remember a time when they could buy a family home for a realistic sum that was relative to lo- cal salaries, at least in com- parison to today’s standards. Plentific’s findings show that 26% of homebuyers across the UK now receive financial aid from the Bank of Mum and Dad when purchasing a property. This number increases dramat- ically amongst younger homeowners, with 58% of respondents under 34 ad- mitting to receiving financial help from their parents. Unsurprisingly, London ranked top of the table (59%) when it comes to re- ceiving financial help from the Bank of Mum and Dad when buying a property. With prices increasing in the capital, it may seem sensible to buy a more affordable property that needs fixing up. However, 48% of London homeown- ers admit they have also received financial aid from their parents to pay for a renovation project or home improvements. Belfast came in second highest for homeowners receiving financial help ments, London (48%), Liv- erpool (31%) and Brighton (17%) topped the table. The top locations for homeown- ers who received physical help with DIY from their parents were London (29%), Bristol (26%) and Sheffield (22%). the number is ‘ quite alarming ’ from parents when buying a property at 30%, with Brighton and Glasgow occupying the bottom spot with just 12%. Homebuy- ers in Birmingham (16%), Southampton (18%) and Nottingham (19%) were the next lowest in the rankings, while those in Manchester (22%), Leeds (23%) and Bristol (25%) sat at the high- er end of the table. When looking at par- ents that provide financial support for home improve- NEW LOW PRICE 10 Stephen Jury, spokesper- son for Plentific, said: “Our statistics really highlight the struggles young people face when buying or renovating a property. Whilst buying a cheaper property that needs work may seem like a good option, the number of young people receiving financial and physical help from their parents with renovations projects is quite alarming.” ORDER TO DELIVERY FROM A FAST Working Days Lead Time * NOW ONLY £345 * £ GET A PRICE COMPARISON TODAY Be per leaf choose Made for Trade Aluminium Bi-Fold Doors Including delivery Email: [email protected] Call: 01642 610799 Fax: 01642 671026 * Per leaf price is unglazed and may vary depending on size and specification of the door. Lead time is based on a standard colour. PRO-INSTALLER_front_page_bifolds_OCT_2017.indd 1 14/09/2017 10:57