Grand designs for your home? Get a secured loan
22/03/2007Brits are planning home improvements worth many, many billions of pounds to give them their own 'grand design', according to new Halifax research.
An estimated 11 million households in the UK have a big idea about how they'd like to transform their home, with transforming the garden the most popular option.
In total all these plans would cost an impressive £153 billion, bringing the average makeover budget in at just over £13,000 – a very affordable amount of money to borrow as a loans.co.uk/secured-loans.aspx">secured loan or homeowner loan.
"Whilst well planned and executed home improvements can add significant value to a home, getting it wrong can be a disaster. We'd advise anyone planning any major improvements to their home to employ qualified and reputable tradesmen, rather than going it alone," said Vicky Emmott from Halifax.
"Indeed trying to tackle certain areas that you are not qualified for, such as electrics or plumbing, could invalidate your home insurance and leave you liable for the cost of any subsequent damage," she advised.
Given that more than four million UK homeowners admit they've made a serious DIY mistake, it is definitely best to pay a little extra and get the experts in.
The initial extra expense is more than offset by the reduced stress and risk of damage, and all such costs can be easily rolled into small monthly payments with a secured loan or homeowner loan.
 © Adfero Ltd
<< Back to News page
|