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Dream home improvements

Posted on 30 May 2019

We get to a certain age when we’ve worked hard all our lives and want to enjoy the comforts in life – including our own homes.

We love our homes. They’re the places we’ve made memories, raised children and carved out lives for ourselves.

While some people might be tempted to buy a place in the sun to enjoy their later years, according to our research, over 55s prefer to stay put than move somewhere else.

In fact, some of us will never move, even if it means sacrificing sunny summer holidays.

And why would we want to leave the place where we’ve made such great memories? According to our research, our happiest homeowners have celebrated a whopping 83 birthdays, 23 Christmases and 3 births in their homes*.

While we all love our homes, everyone has an ideal dream shopping basket. Changes, improvements and enhancements we’d love to implement if we just had the spare cash.

If money weren’t an issue, according to our research, an indoor pool and eco home would be top of the list of home enhancements*.

Next up we found that people were more excited by the thought of a high-tech security system than a home spa like a jacuzzi or sauna*.

While not having the spare cash does hold us back, lots of over 55s make many realistic home improvements using money they’ve accessed from equity release.

While we’re here, let’s dare to dream. You won’t find an indoor pool, but here are some other ideas for home improvements if you are looking for some inspiration to refresh your home.

The cost of dream home improvements

All guides prices are taken from third party website and will vary subject to requirements.

Home improvementsApproximate priceDescription
New kitchen £7,000 This room is the heart of the home, and you could make it really special with a new fitted kitchen and sparkling worktops.
New bathroom £6,000 Is your bathroom looking tired? You could give it a makeover – with a brand-new suite or some upgraded fixtures and fittings.
Redecorate £2,500 You could bring in the professionals to spruce up your home – a lick of paint can make all the difference.
New carpets or flooring £5,000 Forget those tired old carpets and worn wooden floors – fitting new ones could give you home a new lease of life.
New roof or repairs £4,000 Has your roof seen better days? Is there a leak? This could be an opportunity to fund the work you need.
Home adaptations £4,000 Thinking about mobility around your home – for now or the future? You could add features like ramps, rails and a stair lifts.
Extension £40,000 Fancy more space but don’t want to move? You could make your home bigger and better with an extension – and potentially add value to your home.
Conservatory £14,000 You could make your home bigger, lighter and brighter with a conservatory. Just pick a design to suit your property and budget.
Double-glazing £7,500 You could make your home much warmer and quieter by investing in double-glazed windows.
New appliances throughout £5,000 Whether it’s for your new kitchen or you just need to upgrade, you could treat yourself to a new fridge-freezer, dishwasher, coffee machine and more.
Landscape gardening £7,000 With a little help from expert designers, you could create your perfect garden. How about some lovely decking or beautiful flowerbeds?
Home gym £2,000 If you want to stay in shape in retirement, you could kit out a room with workout equipment – like a treadmill or a cross trainer.

All prices sourced from Householdquotes.co.uk and Which.co.uk

*SunLife Home sentiment among over 55s, October 2018

Here's the information that you need to know about who we are and the other companies that we work with in order to provide our products and services.

Who are SunLife?

Phoenix Life Limited trades as SunLife and is the provider of the Guaranteed Over 50 Plan, SunLife Insurance and the life insurance policy payment option for Funeral Plans. Phoenix Life Limited’s registered office is at 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 1016269). 

SunLife Limited distributes financial products and services and is a company limited by shares, registered office: 1 Wythall Green Way, Wythall, Birmingham, B47 6WG (registered in England, no. 05460862). SunLife Limited is authorised and regulated by the Financial Conduct Authority and is entered on the Financial Services Register (registration no. 769427).

You can contact us by post at SunLife, PO Box 1395, Peterborough, PE2 2TR or by phone on 0800 008 6060.

If you choose to add Funeral Benefit Option to your Guaranteed Over 50 Plan, Dignity Funerals Ltd arranges and provides the funeral services, registered office: 4 King Edwards Court, Sutton Coldfield, West Midlands, B73 6AP (registered in England and Wales, No. 00041598). Dignity Funerals Ltd is a member of the National Association of Funeral Directors.

Who provides the Funeral Plans?

Dignity Funerals Ltd arranges and provides the funeral services, registered office: 4 King Edwards Court, Sutton Coldfield, West Midlands, B73 6AP (registered in England and Wales, No. 00041598). Dignity Funerals is not authorised or regulated for this activity by either the Financial Conduct Authority or the Prudential Regulation Authority. Dignity Funerals Ltd is a member of the National Association of Funeral Directors.

The life insurance policy that pays for your funeral will be provided by Phoenix Life Limited, trading as SunLife.

Who provides My Smarter (ISA)?

My Smarter (ISA) is provided by Scottish Friendly Asset Managers Limited. Authorised and regulated by the Financial Conduct Authority. Details can be found on the Financial Services register, registration No. 188832. Member of The Investment Association. Registered Office: Scottish Friendly House, 16 Blythswood Square, Glasgow G2 4HJ.

Who provides the Will writing services?

Hugh James is authorised and regulated by the Solicitors Regulation Authority (SRA Number:303202).

The information contained on this website is based on Hugh James' understanding of the law of intestacy in England and Wales only as at April 2014. The law in Scotland and Northern Ireland is significantly different. This is for information purposes and is not intended to be legal advice.

Who provides SunLife Pet Insurance

SunLife Pet Insurance is arranged and administered by BDML Connect Limited. BDML Connect Limited is authorised and regulated by the Financial Conduct Authority (No. 309140). Registered in England and Wales Number 02785540. Registered Office: 45 Westerham Road, Bessels Green, Sevenoaks, Kent, TN13 2QB.

Who provides SunLife Home Insurance

SunLife Home Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.

Who provides SunLife Car Insurance

SunLife Car Insurance is arranged and administered by BISL Limited and underwritten by a panel of insurers. BISL Limited are an intermediary authorised and regulated by the Financial Conduct Authority. Registered in England no. 03231094. Registered office Pegasus House, Bakewell Road, Orton Southgate, Peterborough PE2 6YS.