Home Improvement On A Low Budget

Budget

When considering to make modifications and improvements to your property there are a few things to think about and consider prior to delving into the project:

  • Is the improvement needed?
  • Will the improvement increase the value of the property?
  • Am I over-improving the property?
  • What is my budget?

Having a budget in place and then searching and pricing the improvement will aid in knowing if you have a realistic chance of having the improvement done, or if you need to wait.


Cheap Home Improvements

There are many improvements that can be done to a property that are cheap and easy to do, and many we can do ourselves. Many of these are cosmetic things.

  • Painting and Wallpapering
    Painting is something we can all do, and it can be done quickly and easily.
  • Update Your Kitchen
    Just by replacing the taps and the fronts on your cabinets, you can give your kitchen a whole new look.
  • New Appliances
    A new fridge or cooker can add value and improve the look of a kitchen.
  • Bathroom
    The same can be said for the bathroom, updating the sink and taps, and also the tub if need be.
  • Flooring
    Maybe new flooring or carpeting is needed and can improve the look of the house.

As you can see much of these improvements are cosmetic, but they do add to the look and value of your home.


DIY

DIY

Many of us fancy ourselves as the weekend handyman, but the reality is we may be clueless when it comes to many repairs and improvements, especially electrical and plumbing related.

DIY is a faddish thing that has been around for years, and while it can save you money, you need to know what you are doing.

Many times with good intentions a homeowner has started a DIY project only to need to hire a professional later to fix the mess, and in the end it costs the homeowner more.

So be aware of your DIY limitations.


Shop Around

When looking at home improvements and hiring contractors it is always best to get a few prices or bids to see what the general costs are going to be.

You may not want to go with the lowest priced contractor, and you should ask for references, or do a trusted trader search online.


Benefits of a Buddy
Home Improvement Loan

  • Easy terms, borrow £1000 to £7500, and pay back up to 60 months
  • Quick and easy online application
  • No valuation of the property required
  • The loan is not secured against the property

No home improvement project is too big or too small for a Buddy Home Improvement Loan!

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Representative Example

Borrow
£3,250

Term
36 months

Repaying
£158.57 p/m

Total Repayable
£5,714.67

Interest Rate
41.16% (fixed)


Representative 49.9% APR.

Terms and Conditions apply. Suitable Guarantor required. All loans are subject to status and affordability checks prior to approval. All applicants must be 18 or over.

Minimum period for repayment: 12 months | Maximum period for repayment: 60 months | Minimum APR 49.8% | Maximum APR 49.9%
Representative example: Amount of credit £3,250 for 36 months. Interest (fixed at 41.16%): £2,464.57. Total amount payable of £5,714.67. Representative 49.9% APR (Variable). 36 repayments of: £158.57.