Home improvements that pay for themselves!
If you’re a home owner, it’s likely that you’ve found yourself in a perpetual cycle of home improvements. Whether that’s wallpapering, painting or gardening, improving your home can be a tough slog but it’s usually incredibly rewarding. But having a nicer place to call home isn’t the only upside, some home improvements, such as a new kitchen or bathroom, an extra bedroom or perhaps a loft conversion, will actually increase the value of your home.
If you’ve researched these larger ticket home improvements, you may have put them off or ruled them out due to the significant price tag. However, if you spend sensibly, it’s possible to up the value of your home by an amount that is greater than the cost of the improvements. Essentially this can result in home improvements that pay for themselves – or even better, that make a profit.
Using market data and input from property experts in the UK, we’ve developed a Home Improvement Blueprint widget that can help you prioritise home improvements according to the estimated impact on the value of your home. Check it out! Also, it’s free to get your house valued by a local estate agent and they’ll often be able to advise which home improvements would be most likely to increase your home’s value – don’t settle for one opinion though, why not get a few to improve reliability – it’s free!
The very nature of home improvement work makes a second mortgage an ideal finance solution for raising funds. Available across a term of up to 30years, monthly repayments can be tailored to suit your budget and with penalty free over payments and no Early Repayment Charges (ERCs), the flexibility is perfect for the purpose of large home improvements. That’s because after the work is done, you can repay in full with a re-mortgage that reflects the properties new value – with no penalties. We have a vast range of products available for all circumstances, young or old, good credit or not so good credit, employed or self-employed.
If you’re looking for more information on second mortgages, also known as second mortgages, you can find lots of info on our second mortgages explained page. Or you can give our team of experts a call on 0345 450 4678, and they’ll be happy to answer any questions you have.