20 May 2016

Thinking about home improvement?

Take a look at our Top Tips for Home Improvements video and see how a spot of DIY can add colour and potentially value to your home, from mood boards to how to pay for DIY projects.

Top Tips for Home Improvements and how to fund it

Play video - Top Tips for Home Improvements and how to fund it Top Tips for Home Improvements sign

DIY as we know it first arrived in the UK in the 1950s, as brits sought to brighten up their homes and bring an end to post-war gloom. Since then people have flocked to one-stop for all their home improvement needs.

Nationwide has looked into décor trends over the years and what brits like to do to add colour, and value to their homes.

Julia Kendall – “Having worked in home improvements for the past 30 years, I’m a huge advocate of DIY. My top tips for home improvements are always to plan ahead. Firstly, put a mood board together for the room scheme that you’re proposing, to ensure that everything works really beautifully together. Secondly, ensure you get plenty of quotes in, if you’re bringing tradespeople in, to get the very best possible price. And lastly, if you are DIYing ensure you have all the tools and all the products you’re going to need, to finish the job.”

According to Nationwide figures, a 10% increase in the floor area of your home can potentially add an average of £10,000 to the value of the property. How do people go about it?

Andrew Baddeley–Chappell, Nationwide’s Head of Policy for Mortgages and Savings – People are funding their DIY projects in a range of ways, depending on how much money they’re looking to borrow. Those borrowing larger amounts are typically looking for a further advance from their mortgage, but smaller amounts may be funded by a personal loan, or even by their credit cards. Our Nationwide research has shown that if you don’t want to move, or feel unable to move, then why not improve.

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