Home renovating tips for anyone wanting to DIY on a tiny budget, or looking to find a tradie and add a whole new floor. Alternatively you can opt for a personal loan which will cost you slightly more in interest, but could be a much quicker and simpler route. Overall it might even be cheaper because you will pay it off quicker. Personal loans last up to five years, and you can usually borrow up to £25,000 on an unsecured loan, which will cover most smaller projects.
Join the Thatched Owners Group for a one-off payment of £95 (01406 330007; ) for advice on insurance, grants and other money-saving ideas. The research found that the average home improvement would increase the value of a home by 9% or nearly £24,000 (£23,837) – based on homeowner’s estimates. The average return on investment was 50%, based on the total amount spent by homeowners. The average profit across all improvement projects was £8,000.
This doesn’t mean you shouldn’t do the project. It just means you shouldn’t expect it to add value to your home and should anticipate that your home may be more difficult to sell as a result. For example, while a soundproof music studio might be your dream come true, it won’t be practical for a young family looking for an extra bedroom for their new baby. These types of buyers won’t pay the premium it cost you to build the studio and they may be turned off by it.
1 Pfleger, W., C. Perry, N. Hurst, and J. Tiller. (2011). Market Impacts of ENERGY STAR® Qualification for New Homes US Department of Energy Award No. DE-EE-0000157. pp. 53. Retrieved June 28, 2015. You should always complete an energy audit, and other efficiency improvements first. That way, your system will be the right size for your home’s needs. Although painting is the single most cost-effective improvement you can make before selling your home, it won’t return any bang for your buck unless you do the painting yourself. Fresh coats on the exterior or interior certainly make any home more saleable, but appraisers don’t boost your value because of them.
If you are thinking about redesigning your home or building an extension and want to be able to show the builder exactly what you like to do then sign up to The Interior Design Academy of Ireland, based at 54 Merrion Square, Dublin 2, an institution that offers class-based or home study courses starting with a certificate course that chief executive Mark Cummins says is perfect for those looking to increase their own knowledge for their own use. On this you learn to survey a room, draw to scale, and draw plans and elevations that you could show to builders to better illustrate what it is you want to do using the correct symbols for all services. It means you will also be better able to read anyone else’s plans. This three-month course costs €500.