Increase the value of your home – build or extend
Increase the value of your home – build or extend
This article is part one in a two-part series on making home
improvements.
Once upon a time, investing in property was a sure-fire way to make
money, but as the property market has slowed down over recent years,
homeowners need to be wise about how they maintain and improve their
property in order to make money from it as buyers are becoming more
demanding. There’s a wide range of upgrades that can be made, from
large-scale property development to a spot of DIY. A great deal of
capital will be required for the former and isn’t a realistic option
for many people, but self improvements needn’t cost the earth and if
done well can make a big difference to property value.
A word of warning though: you won’t always get back what you put into a
property – you’ll need to spend your money wisely in order to make a
profit. The biggest mistake that most people make is to focus too much
on cosmetic improvements without making a real difference to the key
features of the property. What homebuyers always want is space, so
whatever improvements you make, you should aim to create more space (or
ensure that whatever changes you make aren’t at the cost of space). As
a general rule, the more bedrooms the better – this is what sells a
house (although only if they are all a reasonable size).
There are numerous ways in which to increase the space in your
house – converting a loft or cellar, adding a garage, building an
extension or conservatory, redesigning the garden or moving interior
walls.
Loft conversions are a specialist job and should be done by an expert.
There are various building regulations that must be adhered to. For a
start, most lofts aren’t designed to cope with the loads that domestic
use would entail – in many houses even the cold water tank is mounted
between the roof rafters as the loft floor isn’t load-bearing. The
ceiling and floor will therefore have to be strengthened, and the roof
may also have to be altered to ensure that it can support the windows
that will be fitted. Fire safety is another aspect that must be
considered – materials must be fire-resistant and the space must be
designed so that there is a suitable escape route. This will affect the
design of the staircase, doors and windows. To be on the safe side,
it’s best to employ the services of an architect or structural engineer.
If you have a cellar in your home, you may be able to convert it into a
utility room, a playroom, a gym or even a home cinema! Bedrooms, living
rooms, dining rooms and kitchens in a basement space aren’t a good idea
unless you’re able to fit windows, as they can be dark and need
constant artificial light. Cellar conversions are also best done by an
expert, as they are also subject to building regulations. You’ll need
to waterproof and insulate the floor and walls to make the space warm
and dry. This will involve coating the walls and floor in a damp-proof
membrane and installing drainage and a sump for channelling any water
or moisture. Fans and/or humidity controls may also need to be fitted
to ensure adequate airflow.
Building an extension is a major undertaking. You’ll need to employ an
architect or a surveyor to draw up plans to submit for planning
permission and building regulation approval by the local council before
you start building work. Once you’ve got a clear idea of what you want
done, the next step is to work out the costs involved in the building
work and draw up a clear financial plan. Costs often spiral out of
control once the work is underway and it can be difficult to keep
within budget. Factor a contingency fund into your plans when working
out how to finance the project to cover unexpected expenditure. The
most common methods of paying for extensions are by remortgaging or
taking out a personal loan. Speak to your mortgage provider and
various banks to work out the best deal for you.
Think about how the extension will affect the existing space before
making any decisions. If the garden is very small, the finished house
will be completely out of proportion to the plot and may reduce its
marketability. Garages are valuable storage places, so think carefully
before knocking down a garage to make space for an extension as it
could end up backfiring – a large house with no garage and no car space
may be very difficult to sell. Instead, consider extending over the
garage if it is attached to the house, or knocking down a detached
garage and building a new one adjoining the house so that you can
create living space above it. If getting rid of the garage is the only
feasible option, try to redesign the garden to allow plenty of driveway
space as it can be very difficult to find street parking in many urban
areas.
A much simpler option for increasing living space is to get a
conservatory.
Compared to extensions they can be much cheaper and they don’t always
require planning permission – although you should always check before
undertaking any work. It depends on the size and type of the existing
property (detached, semi-detached, terraced, flat), whether it has been
extended before, the size of the planned conservatory, the amount of
space in the garden, and whether the property is in a conservation area
or is a listed building. Speak to your local council for advice. The
cost of building a conservatory can vary dramatically – a conservatory
kit from a DIY store is the cheapest option, but even between
professional companies there can be a big difference in prices. Get
plenty of quotes before making any decisions.
If you’re daunted by the prospect of having major building work done,
you may want to think about redesigning the existing interior space in
your home. It’s easy to knock down old partitions and put up new ones,
but of course you’ll need to check whether any of the walls are
load-bearing and it’s best to speak to an expert before you begin. One
large bedroom could be divided into two, or an ensuite toilet could be
added. Make sure that you don’t end up decreasing the actual living
space though. Dividing an existing bedroom in order to create an
additional one will not add any value if the two new rooms are too
small – in fact, it could end up decreasing the value of the property.
Alternatively, you may simply want to move a wall to increase the size
of a key room such as your living room at the expense of an adjoining
room, as long as the adjoining room will still end up a reasonable size.
Even redesigning your garden can make an enormous difference. Think of
your garden as outdoor living space – a deck, terrace or patio can make
a garden much more useable. Car space is also an important feature for
homebuyers nowadays. If you don’t currently have any off-street
parking, think about building a carport or driveway.
Whatever you decide to do to your home to increase its value,
bear in mind these useful tips:
Do your research – find out whether the work will be worth the
expenditure.
Always check whether you need planning permission.
Speak to an expert for advice – there may be many potential snags
and pitfalls that you’re not aware of.
Work out a budget in advance.
Only do what you can afford – don’t overstretch your finances.
Biography:
Author: Benedict Rohan
Website: http://www.mortgagenation.co.uk
Benedict Rohan works as a freelance finance writer. Commercial Mortgage, Homeowner Loans, Remortgages
Government Grants - Important Guide For Us
US government grants being centralized will really help all of us that are confused. If your parents cannot afford to pay for your education all the way, government education grants are there to help you achieve your goals. Whether you need money to
fix up your home or you'd like to go to college, government grants shouldn't be overlooked.
There are government grants for students available that are granted in order to fund college studies of those who can’t afford the monthly payments or for those who have an excellent high school performance and want to develop their knowledge on
certain field that the government is interested in promoting. Government grants are offered for those who want to buy their first home, to those who are starting a business and need finance in order to make everything work, to those who want to
investigate on certain fields that the government has a particular interest on developing, etc. Basically free money offered by the federal government to help citizens realize their dreams and improve the American landscape along the way, there are
literally hundreds of different grants available.
It is often said that the federal government distributes hundreds of millions of dollars on grants every year and that most of this money remains unclaimed. One of the most important uses of government grants is to support first time home buyers and
help renters to get into the homes they need. Having pointed to the drawbacks, there are many genuine government grants for both small businesses and individuals available, and these can be substantial.
Despite the abundance of grant programs available, many businesses and individuals are finding it difficult to locate grants. Yes, there are hundreds of government grant programs available; but finding the right one will take diligent research. Due to
the nature of government grants there is no such thing as a fixed set of requirements that the different grant types have in common.
Though the above are all common requisites, they are not present on all government grant’s types and, as stated before, each grant has different requirements. You can find out about grants from the Federal Government by visiting the official
Government grant website. Government grant programs allow you to take advantage of grants by either receiving the free services they offer or directly receiving the money in the form of a check.
If so then you can take advantage of the free business consultation services and loans that are funded by theses business grant programs. Instead of money the government will give free advice and training to those who want to make their business
grow. While free government grants could of course be very useful to any business.
Whether it is to pay for school, or to start a business there are ways for you to receive government help in a form of grants. The Federal government provides assistance for entrepreneurs who want to excel by means of grants under different schemes.
These US government grants gives money for small businesses and individuals with an objective to strengthen America.
And there are also government grants for starting businesses. To learn about how to get lucrative federal government grants, visit http://govgrantsguide.com
Altec L. Pierre is the founder of GovGrantsGuide.com She has been writing for more than 3 years about various topics.
Unsecured personal loans: Supplement your finances
There is no need to suppress your desires when you can buy almost anything with unsecured personal loans. These loans do not require any collateral. Therefore, it does not matter whether you are a tenant or a homeowner. Homeowners usually opt for such loans to avoid risking their homes by taking secured loans. On the other hand, tenants have no other option but to take unsecured loans. Tenants do not have homes of their own and therefore cannot provide security to the lender. Overall, unsecured personal loans cater to a wide array of financial demands from different borrowers.
Unsecured personal loans ensure that you receive the money within a short period. The processing time is less in the absence of valuation of property. Documentation work also gets curtailed making these loans popular by the name of fast loans.
Another reason that adds to the popularity of unsecured personal loans revolves around the fear of repossession. As is obvious, in case of secured loans, there is a risk of repossession of your property. If you fail to repay the loan amount, lender can take over your property and sell it to recover his dues. This makes secured loans more risky. But, in case of unsecured personal loans, this risk is conspicuously absent. And, that is why such loans are gaining more and more popularity in the UK. Borrowers prefer to meet their financial needs with the help of such loans.
A little research on your part will get you some of the reputed names in the UK financial market. You can apply for loans at many financial websites that offer to arrange them at competitive rates of interest. Or alternatively, high street banks are there to help you. Just check with these banks and compare the rate of interest that is offered by various online lenders. Finally, the decision lies with you.
About The Author:
The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his Master in Business Administration and is currently assisting Go4ukloans as a finance specialist.
For more information please visit: http://www.go4ukloans.co.uk
This article is part one in a two-part series on making home
improvements.
Once upon a time, investing in property was a sure-fire way to make
money, but as the property market has slowed down over recent years,
homeowners need to be wise about how they maintain and improve their
property in order to make money from it as buyers are becoming more
demanding. There’s a wide range of upgrades that can be made, from
large-scale property development to a spot of DIY. A great deal of
capital will be required for the former and isn’t a realistic option
for many people, but self improvements needn’t cost the earth and if
done well can make a big difference to property value.
A word of warning though: you won’t always get back what you put into a
property – you’ll need to spend your money wisely in order to make a
profit. The biggest mistake that most people make is to focus too much
on cosmetic improvements without making a real difference to the key
features of the property. What homebuyers always want is space, so
whatever improvements you make, you should aim to create more space (or
ensure that whatever changes you make aren’t at the cost of space). As
a general rule, the more bedrooms the better – this is what sells a
house (although only if they are all a reasonable size).
There are numerous ways in which to increase the space in your
house – converting a loft or cellar, adding a garage, building an
extension or conservatory, redesigning the garden or moving interior
walls.
Loft conversions are a specialist job and should be done by an expert.
There are various building regulations that must be adhered to. For a
start, most lofts aren’t designed to cope with the loads that domestic
use would entail – in many houses even the cold water tank is mounted
between the roof rafters as the loft floor isn’t load-bearing. The
ceiling and floor will therefore have to be strengthened, and the roof
may also have to be altered to ensure that it can support the windows
that will be fitted. Fire safety is another aspect that must be
considered – materials must be fire-resistant and the space must be
designed so that there is a suitable escape route. This will affect the
design of the staircase, doors and windows. To be on the safe side,
it’s best to employ the services of an architect or structural engineer.
If you have a cellar in your home, you may be able to convert it into a
utility room, a playroom, a gym or even a home cinema! Bedrooms, living
rooms, dining rooms and kitchens in a basement space aren’t a good idea
unless you’re able to fit windows, as they can be dark and need
constant artificial light. Cellar conversions are also best done by an
expert, as they are also subject to building regulations. You’ll need
to waterproof and insulate the floor and walls to make the space warm
and dry. This will involve coating the walls and floor in a damp-proof
membrane and installing drainage and a sump for channelling any water
or moisture. Fans and/or humidity controls may also need to be fitted
to ensure adequate airflow.
Building an extension is a major undertaking. You’ll need to employ an
architect or a surveyor to draw up plans to submit for planning
permission and building regulation approval by the local council before
you start building work. Once you’ve got a clear idea of what you want
done, the next step is to work out the costs involved in the building
work and draw up a clear financial plan. Costs often spiral out of
control once the work is underway and it can be difficult to keep
within budget. Factor a contingency fund into your plans when working
out how to finance the project to cover unexpected expenditure. The
most common methods of paying for extensions are by remortgaging or
taking out a personal loan. Speak to your mortgage provider and
various banks to work out the best deal for you.
Think about how the extension will affect the existing space before
making any decisions. If the garden is very small, the finished house
will be completely out of proportion to the plot and may reduce its
marketability. Garages are valuable storage places, so think carefully
before knocking down a garage to make space for an extension as it
could end up backfiring – a large house with no garage and no car space
may be very difficult to sell. Instead, consider extending over the
garage if it is attached to the house, or knocking down a detached
garage and building a new one adjoining the house so that you can
create living space above it. If getting rid of the garage is the only
feasible option, try to redesign the garden to allow plenty of driveway
space as it can be very difficult to find street parking in many urban
areas.
A much simpler option for increasing living space is to get a
conservatory.
Compared to extensions they can be much cheaper and they don’t always
require planning permission – although you should always check before
undertaking any work. It depends on the size and type of the existing
property (detached, semi-detached, terraced, flat), whether it has been
extended before, the size of the planned conservatory, the amount of
space in the garden, and whether the property is in a conservation area
or is a listed building. Speak to your local council for advice. The
cost of building a conservatory can vary dramatically – a conservatory
kit from a DIY store is the cheapest option, but even between
professional companies there can be a big difference in prices. Get
plenty of quotes before making any decisions.
If you’re daunted by the prospect of having major building work done,
you may want to think about redesigning the existing interior space in
your home. It’s easy to knock down old partitions and put up new ones,
but of course you’ll need to check whether any of the walls are
load-bearing and it’s best to speak to an expert before you begin. One
large bedroom could be divided into two, or an ensuite toilet could be
added. Make sure that you don’t end up decreasing the actual living
space though. Dividing an existing bedroom in order to create an
additional one will not add any value if the two new rooms are too
small – in fact, it could end up decreasing the value of the property.
Alternatively, you may simply want to move a wall to increase the size
of a key room such as your living room at the expense of an adjoining
room, as long as the adjoining room will still end up a reasonable size.
Even redesigning your garden can make an enormous difference. Think of
your garden as outdoor living space – a deck, terrace or patio can make
a garden much more useable. Car space is also an important feature for
homebuyers nowadays. If you don’t currently have any off-street
parking, think about building a carport or driveway.
Whatever you decide to do to your home to increase its value,
bear in mind these useful tips:
Do your research – find out whether the work will be worth the
expenditure.
Always check whether you need planning permission.
Speak to an expert for advice – there may be many potential snags
and pitfalls that you’re not aware of.
Work out a budget in advance.
Only do what you can afford – don’t overstretch your finances.
Biography:
Author: Benedict Rohan
Website: http://www.mortgagenation.co.uk
Benedict Rohan works as a freelance finance writer. Commercial Mortgage, Homeowner Loans, Remortgages
Government Grants - Important Guide For Us
US government grants being centralized will really help all of us that are confused. If your parents cannot afford to pay for your education all the way, government education grants are there to help you achieve your goals. Whether you need money to
fix up your home or you'd like to go to college, government grants shouldn't be overlooked.
There are government grants for students available that are granted in order to fund college studies of those who can’t afford the monthly payments or for those who have an excellent high school performance and want to develop their knowledge on
certain field that the government is interested in promoting. Government grants are offered for those who want to buy their first home, to those who are starting a business and need finance in order to make everything work, to those who want to
investigate on certain fields that the government has a particular interest on developing, etc. Basically free money offered by the federal government to help citizens realize their dreams and improve the American landscape along the way, there are
literally hundreds of different grants available.
It is often said that the federal government distributes hundreds of millions of dollars on grants every year and that most of this money remains unclaimed. One of the most important uses of government grants is to support first time home buyers and
help renters to get into the homes they need. Having pointed to the drawbacks, there are many genuine government grants for both small businesses and individuals available, and these can be substantial.
Despite the abundance of grant programs available, many businesses and individuals are finding it difficult to locate grants. Yes, there are hundreds of government grant programs available; but finding the right one will take diligent research. Due to
the nature of government grants there is no such thing as a fixed set of requirements that the different grant types have in common.
Though the above are all common requisites, they are not present on all government grant’s types and, as stated before, each grant has different requirements. You can find out about grants from the Federal Government by visiting the official
Government grant website. Government grant programs allow you to take advantage of grants by either receiving the free services they offer or directly receiving the money in the form of a check.
If so then you can take advantage of the free business consultation services and loans that are funded by theses business grant programs. Instead of money the government will give free advice and training to those who want to make their business
grow. While free government grants could of course be very useful to any business.
Whether it is to pay for school, or to start a business there are ways for you to receive government help in a form of grants. The Federal government provides assistance for entrepreneurs who want to excel by means of grants under different schemes.
These US government grants gives money for small businesses and individuals with an objective to strengthen America.
And there are also government grants for starting businesses. To learn about how to get lucrative federal government grants, visit http://govgrantsguide.com
Altec L. Pierre is the founder of GovGrantsGuide.com She has been writing for more than 3 years about various topics.
Unsecured personal loans: Supplement your finances
There is no need to suppress your desires when you can buy almost anything with unsecured personal loans. These loans do not require any collateral. Therefore, it does not matter whether you are a tenant or a homeowner. Homeowners usually opt for such loans to avoid risking their homes by taking secured loans. On the other hand, tenants have no other option but to take unsecured loans. Tenants do not have homes of their own and therefore cannot provide security to the lender. Overall, unsecured personal loans cater to a wide array of financial demands from different borrowers.
Unsecured personal loans ensure that you receive the money within a short period. The processing time is less in the absence of valuation of property. Documentation work also gets curtailed making these loans popular by the name of fast loans.
Another reason that adds to the popularity of unsecured personal loans revolves around the fear of repossession. As is obvious, in case of secured loans, there is a risk of repossession of your property. If you fail to repay the loan amount, lender can take over your property and sell it to recover his dues. This makes secured loans more risky. But, in case of unsecured personal loans, this risk is conspicuously absent. And, that is why such loans are gaining more and more popularity in the UK. Borrowers prefer to meet their financial needs with the help of such loans.
A little research on your part will get you some of the reputed names in the UK financial market. You can apply for loans at many financial websites that offer to arrange them at competitive rates of interest. Or alternatively, high street banks are there to help you. Just check with these banks and compare the rate of interest that is offered by various online lenders. Finally, the decision lies with you.
About The Author:
The author is a business writer specializing in finance and credit products and has written authoritative articles on the finance industry. He has done his Master in Business Administration and is currently assisting Go4ukloans as a finance specialist.
For more information please visit: http://www.go4ukloans.co.uk