DIY retailers and builders’ merchants will benefit from ‘Help to Buy’

The Help to Buy scheme will not only help many join the property ladder, but will increase business for DIY retailers and builders’ merchants, here's why...

28th October 2013

Couple decorating their house‘Help to Buy’, the latest controversial government scheme, is actually set to benefit not only those who have up until now been unable to climb aboard the property ladder, but Britain’s biggest sellers of paint, plumbing, tiles, paving stones and pipes too. It would seem that the increase in the amount of people beginning to buy properties will cause a surge in home improvements, which is great news after the significant decrease in sales DIY merchants and builders’ merchants experienced during the recession, and is likely to call for the need of the support retail software can offer.

The scheme, which will help purchasers of properties worth less than £600,000, should lead to the first major increase in DIY sales since 2007, and revenues are expected to rise from £12bn in 2013 to £13bn in 2014. The reason for such high expectations is due to the fact that people are more likely to have work done to their house when they are moving, whereas up until recently they have avoided doing any work to their homes to avoid a disturbance and to save money. Whether new home owners will be looking to purchase their own DIY tools or will instead hire builders and workmen who will need to buy the necessary tools and materials for the job, builders’ merchants, plumbing merchants and hardware stores are likely to see a noticeable increase in sales.

In order to prepare for what, for some companies, could be quite a dramatic turn of events, it will be vital to seek out the appropriate support to ensure your company is able to cope with sudden influx of business. You will need to be able to rely on your retail management software to make managing stock levels, processing orders and controlling pricing and promotions of products easier through a user-friendly electron point of sale system.

If you are keen to prepare for the growth of your business and would like the support of the services and programmes Integrity Trader software can provide, why not contact our team today to discuss your options in more detail?
 

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