‘Homeowners’ News
Loft conversion can add 20.9% value
Posted 2007-12-12
In May 2006, Nationwide, a financial services provider, conducted a study which showed a 20.9% boost in the price of a home after a loft conversion. Before putting a house on the market for sale, individuals should consider that loft conversions can add to the value of a dwelling, thereby usually substantiating the redevelopment and the expense involved. The loft conversion specialists at Econoloft stated that the renovations now present much more of a “wow factor” for potential buyers than adding a conservatory. An Econoloft spokesperson stated, “For the price of moving you can have a loft conversion and you are one rung up the ladder. When you do come to move you have a more expensive property to sell.” However, either type of addition could be funded through a homeowner loan, and used as reinvestment funds in order realize a greater return, upon the sale of Real Estate property. ...
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Government moves to reduce VAT – incentivizing home improvements
Posted 2007-11-6
An alleviation of the value added tax (VAT), by the UK government comes as welcomed news to the Royal Institution of Chartered Surveyors (RICS); as it should make the modernizing of properties less expensive to achieve. Value added taxes come...
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‘Seconds’ alleviate strain of home prices tripling in thirteen years
Posted 2007-11-1
Research provided by Hometrack has shown that house prices have generally tripled in the UK since 1994. Additionally, the purchase of a house can be more expensive than the property itself. The news is served-up with a double edge however;...
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Insurance risks associated with home improvements
Posted 2007-10-15
Financial services provider to 50s+ age group, Saga, has issued financial cautions regarding certain home improvements to their members. The industry body wants Britons to be aware that possessions such as flat-pack kitchen units are not usually covered by insurance...
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Home security and maintenance often reduces insurance premiums
Posted 2007-10-11
Homeowners should take into account that security measures and good home maintenance can often reduce the amount spent on insurance premiums. Taking just one hour out of a day to carefully review an insurance policy and contacting home insurance companies...
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