Features of the upgrade at home in the UK

Studies show that the installation of a new kitchen is the most popular renovation project houses in the UK within the last three years.

The next room popular upgrade in the UK is bathroom – 41%, followed by the repair or replacement of Central heating with 31%, 11% of homeowners redid my garden, also 11% of tenants increased space through redevelopment, 8% installed solar panels and 6% converted the attic.

A study ordered by the website of “Gocompare”, also shows that 4% added an additional bedroom and a 2% redid my basement.

But 43% of homeowners who have made significant changes to their homes in the UK over the past three years, have not informed their insurance companies about the changes, thereby potentially making their insurance invalid.

Repair allows not only to improve and increase your living space and can also increase the value of your property and equipment. For example, a new kitchen tables and countertops, which are usually set around the stove and other appliances, increase the cost recovery of property and insurance cost.

Thus, when planning an extension, installing kitchens or overhaul, you should consult with the insurance company before you start work.

Home insurance covers the cost of repair of your home, including on the internal equipment and furniture from unexpected events such as fire or theft. Payments of insurance companies based in part on the cost of restoring your home, so the insurer needs to know about any changes that affect the value of your home.

Also, doing aesthetic and functional part of the housing, it is not necessary to forget and about security of your home. Most insurance companies offer discounts for installation of doors, door lock and burglar alarms.

Those who are planning the overhaul of a home in England and thinking about moving to a time when work is underway must be aware orders of insurance companies regarding vacant homes. In most cases the policy of insurance companies stipulates that if you leave your house for a time longer than 30 or 60 days, your property guarantee to certain events, such as theft or intentional property damage will not apply.

The time that you can leave the house without losing warranty, all insurance companies are different. Thus, planning to leave during repairs, it is important to notify the insurance company and be aware of the consequences.

Meanwhile, energy Minister Greg Barker said that homeowners could receive several hundred pounds a year in savings for heat from the solar panels. The acquisition of these with solar panels would help to avoid obtaining a mortgage loan, in case if the batteries are leased from a service provider.

In the UK there are already nearly 300 thousand homes with solar panels, which can be directly owned by the home owner or can be leased to service providers.

Often the solar company installs the panels for free and then sell extra energy back to the grid. These schemes are typically based on 25-year lease, which requires the approval of the mortgage loan.

People need to be interested in many questions before buying a property with solar panels. For example, will the installation of the panels to decrease or increase the value of the property for aesthetic reasons. Cottage in Cotswold can wave to fall in price after the installation of solar panels, and modern urban house can add to the cost.

It is also worth remembering that solar panels are heavy and may damage or break the roof, so it is advisable to inform the insurance company about their installation.

® Maxim Savitsky G. 31.07.2013