Does Your Home Qualify For A Cash Splash?

Are you the type of person that nods along in conversations about home improvement? Most people think of home improvements as simply DIY projects like putting up some shelves or making a wall-mounted coat rack. Those kinds of additions are merely enhancements. Real Home improvement projects are actually more complex than you might think. The sorts of things that qualify for home improvement are things like building a garage, re-doing the driveway, building a brick wall in your front garden or putting up a fence. Other things like remodelling entire rooms or even floors are also the kind of projects that improve your home. Two things discern true improvement projects from those that aren’t. One, they must be something that you start from scratch. And two, they must alter the home and the lifestyle of the occupants indefinitely. A coat rack is good, but a brand new staircase is quite different.



Would you need one?

This is the big chin-scratcher question; do you need a home improvement? How do you know if you really should splash some cash around? Well, wherever there are old items and structures in the home, you can start there. Maybe the flooring in your living room is incredibly creaky, everywhere you step there’s a groan and a moan from the old and tired wooden boards. It could be that your ceiling is looking grey, dirty and just plain boring. Maybe there are bits of the plaster showing, strange dark patches from steam erosion in the kitchen or perhaps raggedy carpet that is spurting out its threads. These are all great reasons for taking a home improvement project seriously. These are the first signs that your home is slowly but surely deteriorating.



Staring you in the face

Rather than having to go and look for reasons, sometimes the biggest reasons are staring at you in the face. If you plan on living in your current home for the foreseeable future, then surely you’ll want to improve it so that it helps you live a better life. Do you have a car but have to park it in the street? Do you want somewhere to relax in the garden but not quite be outdoors? Maybe your kitchen is so haggard from the decades of people cooking their meals in it, that you just want to get rid of all the dirty wallpapers, the oil-stained tiles and rip up the coarse floor to have everything brand spanking new? These types of large renovation projects will not only improve your home’s value, but they give you the perfect opportunity to bring your aging home into the contemporary interior design league. 



Have your reasons and money ready

Once you’ve decided on what things you want to improve or create, and you’ve gone through the benefits as to why you need to get your finances ready to fund your projects. This is why any and all illusions of home improvements being easy go flying out the window. The planning is going to take time, a lot of thought to make sure you know what your options are for materials, styles, what sought of professional help you can hire and what kind of returns do you expect from completing the projects. 


If you don’t have the finances to fund your projects, there are always options out there for you. For example, secured loans from Evolution Money where you can borrow up to £25,000 if you’re a homeowner with a mortgage. There are no obligation quotes and their flexible lending terms means you have 15 years to make good on the loan. They have a simple 5-step process on their website to get things going. It’s very common for homeowners to use their home and mortgage as leverage to receive loans of this nature for home improvement projects. It’s  because both parties offer security in the way of long-term loans and using the property as reassurance.



Your long-term planning

One of the reasons why making large home improvements makes sense is because you have a growing family or are planning to start a family. This one’s a no-brainer because you may not have enough money or time to move into a bigger home but you do have enough to add to your existing home. Things like building an attic extension so you have one extra bedroom, building a 2-car garage in your or backyard, having your kitchen extended to add room enough for a dining area or creating an open plan downstairs to merge the living room and kitchen together, all qualify as sensible long-term plans. They will come in-handy when you have children and are living busy lives. Of course it goes without saying but you will be adding to your property value too.


Contemporary living standards

The majority of homes in the UK and beyond were built between pre-1900s and 1980. That means tens of millions of homes are still in pre-existing size and style standards. Only the homes built post 2000, will have contemporary living standards in mind. The rooms will be larger, they’re more likely to utilize some kind of open floor plan and the insides are just more stylish and practical. Even though you may have a great-sized home, the internals may be shot. It’s not all about style and decor, you might need to update your electrical wiring structure or perhaps use modern higher quality piping for your plumbing. Putting in a new central heating system or perhaps a water heater instead of a traditional water tank for your hot water needs, also brings up your living standards. Heated floors and more effective insulation are also part of the category of home improvements that bring your property forward into the current day.


Think carefully whether your home actually qualifies for major home improvements. Don’t be tripped up by thinking small DIY projects are the same as kitchen extensions and borrowing money for long-term lifestyle planning. Done correctly, home improvement projects can add a lot of value to your home but you have to make sure you will get proportionate or better returns. So do your research!