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How to afford vital home improvements

In today’s financial climate, it’s no secret that many individuals are finding it hard to generate extra cash flow. With few available jobs, higher living costs and pricey mortgage repayments to contend with, it’s no wonder people are short of cash.

People from all walks of life will find that, after all monthly outgoings have left their account, they have little leftover from their wage. However, certain home improvements can’t be left unattended. Such improvements may include the necessity for a new boiler, the replacement of roof tiles, double-glazing or something more structural. You may find that the spiral staircase installed when you first purchased your house to be no longer practical and installing straight stairs is now a stipulation for your health.

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Save a little each month

If home improvements are inevitable then saving a little each month could allow you to put certain plans into action. Although this option isn’t immediate, you’ll find that the money quickly mounts up over time. If you decide on this method, sourcing a savings account that offers good interest rates should be your first port of call.

 

Invest in a loan

If the work you necessitate won’t wait then a loan may be the only option. Prior to looking to the bank, ask your friends and family for help. Whilst a bank will charge a high interest rate, it’s likely that your relatives won’t.

 

Sell unwanted items

There are a number of online sites that allow you to sell or recycle unwanted items for free. You may have a brand-new mountain bike gathering dust in the garage, a wardrobe full of pristine shoes or a variety of unused DVDs and games lying around the house. Gathering all of your unwanted items and selling them online will provide you with a hassle-free cash lump sum.

 

Only pay for labour

If you require a certain structure to be put in place, carrying out the work yourself may be too much to handle yet buying the materials yourself will take little effort. Many builders will add a surcharge for materials and when this is added to labour expenses, costs quickly mount up.

 

Sourcing the bricks, cement and any tools you may require from an outlet or online company will work out a great deal cheaper, leaving you to pay solely for the workmanship. If you are planning on renovating a certain area of your home it is important to ask the experts for advice before you set anything in stone. Acquiring estimates from a variety of different companies will allow you to source the best available prices.

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