Scottish home owners would invest £31,000 on home improvement work over the next five years if they had full confidence in their ability to identify a professional builder, according to new research by the Federation of Master Builders (FMB) Scotland.
Key results from the FMB’s research into consumer confidence in builders include:
More than one third (34%) of Scottish home owners are put off doing major home improvement works requiring a builder because they fear hiring a dodgy builder;
If all Scottish home owners had full confidence in the building industry, they would typically spend an average of £31,000 on major home improvement projects over the next five years. This compares to an average of £67,000 per home owner over the next five years in London;
The UK economy as a whole is missing out on £10 billion of activity per year because of anxiety over cowboy builders.
Gordon Nelson, Director of FMB Scotland, said: “Just over one third of home owners in Scotland have said that they have been put off carrying out building work because they’re so fearful about the possibility of working with a rogue builder. Indeed, the FMB’s latest research shows that on average, a typical Scottish home owner would spend £31,000 on major home improvement projects over the next five years if they knew they would be dealing with an honest builder. In London, this figure is even higher at £67,000. Recent figures show that the Scottish economy grew by only 0.2 per cent in the third quarter of 2017 compared to a 0.4 per cent increase recorded across the UK as a whole. This demonstrates the dire need to unlock supressed consumer demand for building work, which would bring huge growth to the Scottish economy.”
Nelson concluded: “Scottish home owners are clearly crying out for greater assurance when hiring a builder. The problem lies in the fact that, unlike in other places such as Australia and Canada, anyone can be a builder in this country. In order to address this, the FMB is calling on the Government to consider introducing some form of mandatory licensing system for builders so that home owners can be confident that all building firms will have the appropriate skills to do a good job. If a licensing system was put in place, it has the potential to quell the anxieties of consumers and provide a boost to the Scottish economy through increased building work.”
About the research
The FMB’s research into consumer confidence in builders in the UK was carried out in the week commencing 16 October 2017. The survey was carried out by the research company OnePoll and the results are based on responses from 2,000 home owners across the UK.