Are you eligible for a grant to help with your renovation?

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If you’re thinking of renovating a property, you may be eligible to get a grant to help with the funding. Listed below are the different ways you can gain access to renovation grants.

Council or ‘Primary’ sourced grants
All local and district councils have budgets set aside for renovation grants. However, there are restrictions which differ from region to region and stipulations that need to be researched before beginning your renovation. Often you will have to be able to show some or all of the following:
• the property is seriously neglected.
• the repairs are critical.
• the residents are vulnerable.
• A grant will be absolutely necessary for the completion of the renovation
These grants are usually limited to £5,000 or £10,000 although in some regions in Northern Ireland the upper limit is £25,000.

Home improvement agencies or ‘Secondary’ Sources
Home improvement agencies (HIAs) are non-profit organisations run by local authorities, charities and housing associations. Grants can sometimes be made available to disabled, elderly or low income tenants or private owners to maintain, repair or adapt their homes. To see if there is an agency operating in your area, contact the Citizens Advice Bureau (CAB) or ask your council. Charities are another way to secure funding, especially if the charities support a particular architectural style.

Restoration Help
Renovating older properties increases your chances of getting a grant, but unfortunately also increases your forecasted costs too.
Organisations such as English Heritage, Historic Scotland, Cadw (the Welsh Government historical environmental service), the Northern Irish Environment and Heritage Service, the Funds for Historic Buildings website (www.ffhb.org.uk) or the Republic of Ireland’s Office of Public Works all have grants available for the restoration of important buildings – however, they will want to make sure the work is done in a way they approve of.

Eco-Friendly Grants
Grants for ‘green’ household modifications have decreased in recent months but you can still apply for grants to install systems such as ground source heat pumps, solar panels and wind turbines. In Scotland there is a similar scheme: the Scottish Community and Household Renewables Initiative.

So, overall…
Instead of thinking that one grant will cover the costs of every aspect of your build, what’s more likely is that you will have to complete a host of different grant applications – some which will be successful, some which may fail. However, being knowledgeable about what funds are available can offer some serious help with the cost of your renovation project.

How to ensure a stress-free kitchen renovation

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For many homes, the kitchen is deemed as the ‘hub’ of the house and where people spend most of their time. If you’re thinking of transforming the space, here are some tips to get you started:

Management

Firstly, you need to decide whether you’ll manage the project yourself or hire an architect to design and manage the renovation project.

Measure

Measure everything within your current kitchen and dining space including fitted furniture, windows and doors. If you’re not a whizz with a measuring tape, ask for assistance. 

Research

Choosing your new kitchen is a huge decision that may take time. Make sure you look at ideas and get inspiration to create your dream kitchen. You may want to meet with kitchen design companies or an interior designer. 

Design

Once you have done this research, it is important to get the design right. Give the experts your plan and be open to suggestions and amendments. They’ll most likely have some great ideas you haven’t considered. 

Budget

Depending on your budget, it may be suitable to create a detailed breakdown of the costs for renovating your kitchen. This will allow you to cut costs where you may have overspent. 

Schedule

You’ll need to set a schedule to ensure you don’t lose track of the project. How long will the renovation take? What can overlap? When will items arrive? Add all of these to a spreadsheet and agree it with everyone involved. 

Lists 

List are brilliant for all the little jobs that are still left to be finished. Make a list of all these to make it quicker and easier to agree a date for completion.

Test 

Before you get comfortable in your kitchen, test all your new appliances and fittings to make sure everything is working properly. This ranges from the boiler to bins and plug sockets. 

Relax

Enjoy what you have created and celebrate!

Adding an extension can add to house value

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Extending your home or adding a loft conversion can add more than £42,000 to the value of an average property in the UK, according to a report. The report also suggests that adding an extra bedroom or bathroom to your property can increase its worth by nearly £10,000.

Nationwide Building Society found that a home or loft conversion could increase your home’s worth by about £42,700 or 22%. Adding a suitable-sized bedroom could potentially boost the value of your property by 11% or £22,100. Based on UK average house prices, an extra bathroom can add 4.9% on to the value of your home, while increasing the floor area of your property by 10% can add 5.1% on to its worth.

Research suggests that home buyers are prepared to pay more for extra space, as this was often associated with a better quality of accommodation and living.

Home owners can add up to 20% to the value of a three-bedroom, one-bathroom house when they add a loft conversion or extension which incorporates a double bedroom and a bathroom. This can also add 10% to the value of a terraced house or 13% to a semi-detached home.

 

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Although location remains key to house values, other factors are also important in the value of a property. Other ways to increase the value of your property include energy efficiency, insulation and double glazing.

The decision to invest money into your property is one to be thought over, and you need to take into account the benefits, costs and hassle involved with an extension or conversion.

For more information on how you can increase the value of your home, contact us at info@fibrearchitects.co.uk.

 

Article source: https://www.theguardian.com/money/2016/mar/27/home-extension-or-loft-conversion-can-add-20-to-house-value

Image source: www.pexels.com