Friday, December 1, 2006
Category:
Home Improvements
As Easter weekend approaches once more, it has been revealed by research conducted by Alliance & Leicester Personal Loan, that one in three people will be doing some DIY improvements.
Over three quarters of homeowners have already made one major improvement to their current home, and just over one fifth have made more than five major changes while they’ve lived in their home.
In the top 10 most popular home improvements among British homeowners, decorating seems top of the list with 86%, followed closely by fitting new carpets.
Alliance & Leicester does however warn customers of falling into the trap of ‘point of sale’ credit deals, where some companies are known to charge 20% APR for double glazing and some major kitchen retailers around15% APR. Taking this type of credit could potentially mean overpaying by up to £4,808.
Claire Alvey, Personal Loans Manager for Alliance & Leicester commented: “Our obsession with DIY and home improvements is obviously not waning. Yet, despite the efforts we put into making our homes stylish and picking out the right colour samples, we still aren’t putting the same effort into getting a good finance deal.”
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Taking out a home improvement loan could help finance Easter weekend DIY jobs. As 51% of homeowners do most DIY themselves to keep costs down, a secured loan could help buy better materials and tools. However, a secured loan could also allow homeowners to bring in a professional and ensure that the job is done without the hassle of doing it yourself, limiting stress and disruption. Available from £10,000 to £100,000, and repayable over a term to suit you, a home improvement loan could be just the thing to improve your home and may even add value to your property if done correctly.
