Lloyds TSB Shows Home Improvements Are Increasing in Popularity

A rising number of Britons are looking to make improvements to their property.

Such is the assertion of Lloyds TSB personal loans, which reveals that a rising proportion of people are choosing to take their homes off the market as a result of recent declines in the economic climate. In a survey of estate agents, 55 per cent of respondents pointed to a rise in those removing their property from the open market in order to make improvements to it.

It was also commented that 59 per cent of people who were thinking of moving had placed such plans on hold as a result of concerns about falls in the value of their property. Of such Britons, about half are choosing to stay to revamp their home. Meanwhile, a 19 per cent annual increase in home improvement loans applications had been noted.

For those wanting an cheap way in which to carry out renovation work to their home, obtaining one of the many cheap home improvement loans available could be an advisable course of action.

The study also showed that a brand new kitchen is the feature of a home which has the most appeal to potential property buyers, with around four-fifths (79 per cent) of those that took part in the study highlighted to be requiring such a room. Over half of buyers that were questioned reported that a brand new bathroom appeals to them when looking to purchase a property, with a quarter wanting to move into a recently decorated property. However, 29 per cent of people questioned cited a loft conversion as an attractive feature, with 47 per cent claiming that an extension is something which they look out for when searching for a home.

David Wishart, director of personal loans at Lloyds TSB, said: “In recent months we have seen a significant increase in home improvement personal loan requests. For the last decade homeowners have been able to sit back and rely on rising property prices to increase the equity in their home but sadly this is no longer possible. If you want to trade up and avoid substantially increasing your mortgage, you’ll need to add value to the house you’re currently in. Whether your motivation is a quick sale, adding long-term value or accommodating changing lifestyle needs, it’s vital you consider the financial investment you’re about to make.”

He claimed that obtaining a personal loan is a ‘hassle-free, affordable way’ for homeowners to extend the cost of paying for a home improvement project.

Meantime, Phil Spencer, property finder and television presenter, claimed that the downturn in the housing market means any home improvement plans should be planned meticulously to “ensure maximum return on investment”.

Those needing a practical way to refurbish a bathroom, add a kitchen extension or simply give their property a facelift with a lick of paint might wish to consider taking out a home improvement loan. In using this kind of home loan it is quite possible that borrowers can not just afford the cost of materials required but additionally hire quality tradesmen to carry out such work. This may also be effective for those looking to repair damage to their house after recent research by Tescocompare identified that instances of broken windows and other domestic incidents could increase this summer while youngsters are on school holidays.

Linens ‘N Things for Home Improvement Supplies

Most homeowners love decorating and they find means to constantly improve their outdoor and interior. People are ready to spend money on home improvement projects and they rely on home improvement stores for supplies. A brand name that can come into mind would be the rival of Bed Bath and Beyond: Linens ‘n Things.

Linens ‘n Things is one of North America’s leading large format specialty retailers for home textiles, house wares and other decorative accessories. In the year of 2005, they have grown to an astounding number of 500 stores in the 47 states and six Canadian provinces and was acquired in November of same year by Apollo Management, L.P.

The goal of the company is to offer a broad selection of high quality brand name home furnishings at reasonable value while providing excellent customer service in a low operating cost. Their store is supported by a website that provides visitors a list of catalog. Guests can simply buy online on their website in the comfort of their offices or homes. The company fondly refers to their customers as “guests”.

The store offers a wide array of selection of products. It’s a good thing that they created a superstore format making inventory visible and accessible and ready for immediate purchase. The superstores are the representation of Linens ‘n Things desire to attend to their guests who are pressed up for time. The company also makes sure that they provide quality customer service by hiring competitive individuals. They keep employees motivated by giving them competitive wages, training and personnel development. After recognizing the increasing number of people who buy home decor, they started targeting their product selection to keep up with the trend.

The extensive merchandise of the store includes different styles, colors, and designs within the company’s six major product lines. Although linens are not included in discounting, the company holds two clearance sale events annually.