Home Improvements 'Can Boost Property Values And Save Consumers Money'
47495
Finance > Loans
Oct 11, 2007
Steve_Smith
Home Improvements 'Can Boost Property Values And Save Consumers Money'
Carrying out various improvements on their property can help consumers boost not only the value of their home but also reduce the cost of their household bills, an industry expert has suggested. According to Andrew Leech, a spokesperson for the National Home Improvement Council (NHIC), investing money into refurbishing rooms or getting an extension could see Britons substantially increase the worth of their home when looking to make a sale. And with a home improvement loan one possible way of financing such a project, Mr Leech advised those looking to borrow money as a means of carrying out work to be careful not to off-shoot the value of their property, by putting it above the price bracket of homes selling in that area. Owners were also advised to ensure that any home improvement proposals are granted planning permission by the local authorities. It was also suggested that investing in insulation can help consumers reduce their heating costs, which in the long-run could help them lessen pressure on their finances and so service utility bills, personal loans and other demands on their spending with greater ease. "You are going to save a considerable amount on your heating bill, so it's not such a question of saving the planet; you are going to save your pocket as well", the NHIC representative added. Meanwhile, homeowners should also look to make sure that they have the minimum requirement of loft insulation put in place when looking to make renovations, with cavity wall insulation stated as another way helping to reduce heating costs. However, he advised those considering taking a home improvement loan to fund renovation work should "think sensibly" about their plans and look to avoid anything that could make prospective borrowers "scream" when they come to view a property. Mr Leech recommended consumers should keep changes to bathrooms and kitchens to a minimum, to opt for a look which is "pretty neutral" and fill rooms with good-quality appliances. In addition, retaining original features of homes, such as Edwardian or Victorian fireplaces which were produced by professional craftsman, was asserted as having the potential to "add value to the property". Meanwhile, opting for replicas of classic light structures such as lamps and chandeliers was also advised as a way of increasing the worth of a home, although Mr Leech warned that those who discover that they have old light fittings may have to get their property rewired. As for windows, the NHIC spokesperson stated that homeowners should attempt to keep as close to the original architectural designs of the house as possible. Consequently, taking the time to find the best homeowner loan could be a wise option for those looking to boost the value of their property via renovation work. In research carried out by Halifax earlier this year, a quarter of homeowners undertaking such projects over the past year have done so with the specific purpose of increasing their accommodation's worth. Meanwhile, a third state that adding new furnishings to their home will raise its value by some 10,000 pounds
Steve Smith writes for 1 Stop Finance Shop, a one stop, Personal Loans Shop, with information on bad credit loans and debt consolidation loans available on site.
send email to Steve_Smith
Write a Review
Add to My Favorite
Refer it to Friend
Report Article
Other links owned by this user
Motorists may well see the financial burden having a car places on them increase in the coming months, it has been suggested.
Category:
Consumers considering purchasing a home also need to be aware of the various demands on their finances that they will have to deal with upon moving in, it has been suggested.
Category:
The nation's financial confidence fell over the course of last month, new figures indicate.
Category:
By failing to take out emergency heating cover millions of Britons could be set for monetary hardship this winter, it has been suggested.
Category:
Loan lenders are carrying out evermore stringent checks when it comes to looking at prospective borrowers' ability to pay back money, it has been revealed.
Category:
Consumers could be using cheap loans to consolidate their existing debts rather than to fund big purchases, based on the findings of research carried out by GfK NOP on behalf of the European commission.
Category:
When looking to borrow money to purchase a car, drivers need to take the time to factor in day-to-day running costs in addition to the initial value of the vehicle, it has been claimed.
Category:
More work needs to be done to help consumers get to grips with making loan repayments and other aspects of their money management, an industry expert has declared.
Category:
Britons are coming under increased financial pressure, a new study shows.
Category:
In the run-up to Bonfire night, consumers are being advised that unless they take sufficient precautions they could find themselves coming under increased financial difficulty in the days following November 5th.
Category:
A rising number of elderly people in Wales are looking for advice on managing their debts, new studies indicate.
Category:
Although last week saw the Bank of England maintain the base rate of interest for the third consecutive month, those looking to apply for a personal loan should still do so with care, it has been suggested.
Category:
In the run-up to Christmas, cash registers across the country will be ringing as millions of consumers head to the streets and on to the internet to find the perfect Christmas presents for their friends and family.
Category:
Carrying out various improvements on their property can help consumers boost not only the value of their home but also reduce the cost of their household bills, an industry expert has suggested.
Category:
Young Britons are increasingly preparing for their financial future, new research shows.
Category:
Those consumers taking out a home improvement loan to fund renovation projects could substantially add to the value of their property, new figures indicate
Category:
Those looking to get married should be conscious of the financial pressures the big day can entail, it has been suggested.
Category:
The introduction of a code of practice for price comparison websites could help more consumers make informed financial decisions, it has been suggested.
Category:
Consumers who have previously used Christmas hamper schemes to pay for their festive food and drink have been warned that loan sharks or doorstep lenders are not a suitable replacement as credit providers and that there are other options available.
Category:
Other links at Finance > Loans
Online pay day loans in Canada provide a quick rescue when you have a financial emergency to cover immediately. Imagine if you are just handed a bill of $500 for your car repair. Your pay day is still weeks away and you are tight in cash already, not too
Category:
If you are not aware of the cash loan til payday and its tremendous array of features, you are missing out on something great.
Category:
You must have definitely seen numerous websites offering attractive auto loans. But have you ever tried availing an online auto loan? No we're not trying to scare you, but are re-asserting their convenience. The best part about choosing an online auto loa
Category:
As of July 1st, 2007, the interest rates on student loans are scheduled to increase. Although less than one percent, the resulting repayment amount can rise significantly over the life of the loan. So, college graduates can definitely use information on h
Category:
Site Sponsor
Directory Statistics
Articles: 68285
Categories: 501
Yahoo Entertainment
