Home Improvement Loan -Neighbor’s Envy and Owner’s Pride

Each one of us wishes to make our home look the best. Even small improvements in the home can make big changes. People undertake different home improvement projects be it for making it a better place to live or as a mere status symbol. You may have great home improvement plans in your mind. However, do you have sufficient funds with you? No, don’t look at your savings. You may have big savings in your account, but don’t use it for making home improvements, they can be used in handling any financial emergency in the future.

Why to use your own funds when you can take a loan to make home improvements? A home improvement loan can provide you with the funds you need to make the home improvements that you and your family has been eagerly waiting for.

Home improvement loan is tailored for the UK residents who wish to make improvements in their home. You can use the loan money to make specific as well as complete remodeling of your home such as heating system, new conservatory, new kitchen, rewiring or any desired home remodeling. When you will make improvements in your home, it will definitely help in increasing the value and add more equity in your home. This will help you in grabbing better and larger amount of loan in the future.

Home improvement loan providers in the UK can provide you with the loan amount up to £75,000. So, with a home improvement loan you can finance small as well as big home improvement projects. The rate of interest on the home improvement loan varies from lender to lender while the loan term may range from 3 to 25 years depending on your credit score and the amount you wish to borrow.

You get an option to apply for either a secured or an unsecured home improvement loan. Secured home improvement loan requires a borrower to put collateral against the loan. You can put your home, car or any property as a security against the loan. Advantages of secured home improvement loan are larger amount of loan, lower rate of interest, longer loan term and flexible repayment term.

Unsecured home improvement loan does not involve a borrower to put any security against the loan. Homeowners as well as tenants can apply for an unsecured home improvement loans. Homeowners by availing an unsecured home improvement loan can protect his property from the risk of repossession by the lender that happens in case a borrower fails to pay the loan money on time and in full.

Estimate the cost that will be incurred in undertaking the home improvement project before you start searching for the best home improvement loan deal. Plan in advance about whether you wish to do the improvements yourself or want to hire a contractor. If you wish to hire a contractor, you should also add his fees in the estimation of the expenses. All this will help you in determining the loan you need, to make the desired changes in your home.

Traditional lenders used to rule the finance market in the past. Lot of inconvenience was involved in the whole loan process. A borrower had to go out and meet each lender personally, fill in the long application form and stand in loan queues to submit their loan application form. And then wait for the lender’s decision, which used to take many days and sometime even weeks.

Entry of the online lenders has given a breakthrough to all the hurdles that existed in the old lending process. In the present scenario, the loan application process has been simplified for the convenience of the borrowers. A borrower just needs to fill in a small online loan application form that hardly takes 2 to 5 minutes. Fast loan approval, in-principle loan decision and low rate of interest are some of the features of online loans.

By the time you are through with the loan application process, you will start receiving lot of loan offers that you may find to be the best. Don’t hurry in making the decision, a little bit of research can help you save good sum of money that you can use in the future. Collect the loan quotes which is offered by most of the online lenders and compare them, look for the home improvement loan that is offered with the following features low rate of interest, larger loan amount, longer loan term and flexible repayment terms.

Make the required changes in your home to transform it into your dream home with a home improvement loan. A little bit of hardship on your part while searching for the best home improvement loan can help you save your hard earned pounds.

10 DIY Home Improvement Ideas

DIY Home Improvement Idea #1

Install handmade shelves. Rather than purchasing typical cookie-cutter shelves, consider visiting a local craft fair or woodworker for customized shelves. Everything from style, color, design and cutouts can be customized with handmade items. Shelves are ideal for storing tools in the garage or knick-knacks in the family room.

DIY Home Improvement Idea #2

Replace vinyl flooring or install new tiles. These days, convenience is everything. It’s easier than ever to replace vinyl flooring or install tiles with simple self-adhesive backing for easy placement. This will literally give you a new floor surface within a few hours.

DIY Home Improvement Idea #3

Install carpet. Before making a purchase, be sure to measure the area that you need to carpet. If you need to cut carpet, it’s not a problem and special cutting tools can be purchased at any home improvement store. Simply roll it out and secure it to the floor for an easy DIY home improvement project.

DIY Home Improvement Idea #4

Install a ceiling fan. Not only will this add beauty to the room, but it will also help to circulate the air. Just be careful during the installation process and when climbing up or down a ladder.

DIY Home Improvement Idea #5

If you are a big fan of wallpaper, then you already know that it can start to peel from time to time. It’s inevitable. At some point, wallpaper will need replacing and it’s arguably one of the easiest home improvement projects that you can do. Wallpaper is sold at any home improvement store and can be cut to fit any room in your home. During installation, be sure to smooth the paper as you go in order to avoid bubbled areas.

DIY Home Improvement Idea #6

If you like the idea of sitting out on the porch or deck and watching fireflies light up in the night, consider adding an outside addition to your home. Plans can be purchased online or at some home improvement stores, along with the materials needed to complete the job.

DIY Home Improvement Idea #7

Painting your home, either inside or out, is a very popular way of improving it’s overall appearance. Always be sure to read the instructions and use paint in a well-ventilated area.

DIY Home Improvement Idea #8

One of the more sensible DIY home improvement projects includes the installation of a dusk to dawn lighting system outside of the home. This type of lighting will automatically turn on if there is any movement outside of your home and is ideal for anyone, whether you live out in the country or in a larger area.

DIY Home Improvement Idea #9

As winter time rolls around, many people begin to consider replacing their windows to ensure that they are protected from the elements. Many people think of windows as simply something to look through but, in fact, they are much more than that. Windows can actually help to keep warm air inside your home and the cold air out during those harsh winter months, which will make it more comfortable for your family and also your wallet where heating costs are concerned.

DIY Home Improvement Idea #10

Install wall paneling. If you don’t like the idea of painting or simply prefer the look of paneling, a visit to your local home improvement store could be the answer to your next DIY home improvement project. Wall paneling is sold in sheets, is pre-cut and ready for installation. All you need to do is place it in the desired location and secure it.

Home Improvement Project – Choose the One That Adds Value to Your Home

Never neglect an opportunity for improvement.

The words of Sir William Jones are not only apt for your personal well-being but also for the well-being of your home. If you think that there is a room for improvement in your home, consider your savings and make a decision.

Home Improvement is more common than you think

Today, homeowners are deciding against selling their current homes. The reason is easy availability of experienced home renovation contractors who ensure successful home improvement projects.

But before you start looking for a contractor, consider the following factors:

  1. The Purpose

Think about the reason behind the home improvement project. If you do not want to sell your home, you can consult the contractor for customizing your home to suit the growing needs of your family.

Once your purpose is clear, you will be able to decide whether a specific home improvement project is worth your time and money.

  1. The Budget Factor

When a contractor pitches you the idea of building your dream home, you may get emotional and say yes to his every suggestion. But, consider your financial situation before making any commitments to the contractor. Spend your money wisely and choose the project that guarantees maximum returns.

  1. The Market Value of your Home

Even if you are not planning to sell your property in the near future, the market value of your home should be considered before spending money. It is important to understand that the increase in the market value will not be the same as the cost of the home improvement project. Remember that any construction work that corrects a major structural defect will be more advantageous than any renovation work done to suit your needs.

  1. Government Grants

A home improvement project can be an expensive affair. But, you can reduce your expenditure with the help of the local government. The local government provides grants and rebates for the purpose of upgrading your home. For example, if you replace an inefficient toilet with a water-saving one in the City of Toronto, the government will provide you with a $75 rebate for each toilet.

  1. Geographical Location of your Home

Certain home improvement projects are better suited to a specific geographical location. If you are contemplating about building a swimming pool in your yard, you must consider your geographical location. If you live in a colder region of the country, it will not add any value to your home.

What are the Common Home Improvement Projects that add Value to your Home?

· Plumbing – It will save you from costly repairs in the future and maintain the health of your family members.

· Maintenance – Taking care of mold, mildew, water leakage, etc. is a crucial task for every homeowner.

· Remodeling a kitchen – Upgrading a kitchen has it benefits. But, make sure that the upgraded kitchen matches the rest of your home.

· Bathroom additions – If there is empty space in your home, adding a bathroom can be beneficial.

· Painting your home – Paints provide a fresh look to your home at a very nominal cost.

· Upgrading the electrical systems – It is mandatory for old homes as upgrading the electrical system will make it safe for habitation.

· Insulation – It can reduce your electricity bills.

· Adding a deck or a patio – It will increase the curb appeal of your home.

Your home is your paradise. And, when it comes to your paradise, never make an emotional decision. You may be attracted to the idea of upgrading your home and making it luxurious. But, remember that not every home improvement project is beneficial in the long run. Adopt a cautious approach so that you spend your money on home improvement projects that add value to your home.