Professionals reduce DIYers expense and liability
Home improvement do-it-yourselfers (DIYers), are strongly encouraged to take a good measurement of what they are – and are not – qualified to tackle.
Although home improvements via upgrades and repairs are a good way to reinvest in real property, Andrew Leech, Technical Consultant to the National Home Improvement Council, advises Britons not to undertake substantial renovations without adequate insurance coverage and professional consultation.
Often, claims for structural instability are unlikely to be honoured if the policyholder caused the damage by knocking out a supporting wall or damaging support beams.
This can leave homeowners facing a substantial debt risk as they seek ways of funding repairs to work they have done themselves.
Mr. Leech further advises, “On the other hand, if you get a person in to do it for you, then he [or she] would have to have insurance to cover that sort of thing. So if there was any disaster it wouldn’t touch your household insurance.”
Professional carpenters should be covered by their own insurance, and homeowners should ask to see a current copy of their policy, before allowing the commencement of any structural home improvements.
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Clearly, home improvement loans secured against Real Estate to cover the cost of renovations, coupled with proven insurance coverage and professional advice, is the best route to undertake prior to firing up drills and saws to valuable property.