Renovation boom: Bay of Plenty home owners splurge with overseas holiday funds
24 Jan, 2021 05:00 PM
5 minutes to read
The Renovators Painters and Decorators operations manager Claudio Valenzuela. Photo / Caroline Fleming
Bay homeowners are splurging on renovations spending up to $1 million gutting their house with some tradies struggling to meet demand. Overseas travel budgets were also being used to fund projects and experts in the industry say they are flat out busy as people look to add value to their properties - or remodel outdated kitchens and bathrooms.
One company expected this year could be its biggest ever as people elected to spend money saved for overseas travel on home renovation projects.
Gapes said the company was working with a number of tenants now it had Countdown and Bunnings finalised. “Most of these will be new to Timaru and we should be able to announce these early next year,” he said. Bunnings New Zealand director Jacqui Coombes said “we’ve been searching for a location that allows us to serve the Timaru community for some time, and we’re pleased to confirm we plan to become a tenant at the development when it’s constructed”. “We expect the store to create more than 80 new team member positions when it opens in 2022.
SUPPLIED
International MOU to bridge commercialisation 'valley of death' miragenews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from miragenews.com Daily Mail and Mail on Sunday newspapers.