The cost of doing DIY has soared by 20% because of a shortage of tradesmen and the rising costs of transport.
The Royal Institute of Chartered Surveyors (Rics) has released the figures to coincide with the launch of its Property Makeover Price Guide, which gives homeowners an insight into how much a DIY project will cost them.
The 20 per cent rise has occurred over two years with the escalating price of crude oil said to be the biggest contributing factor with the credit crunch also playing a major role.
BCIS executive director Joe Martin said: "The current downturn in the housing market is forcing some homeowners to become more creative in meeting their accommodation needs.”
"Many are choosing to stay put and renovate or extend in order to upgrade their property rather than taking on more debt in a falling market."
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