Connect with us

Property

DON’T Do It Yourself: The DIY disasters that could cost you thousands to put right

Published

on

The tradesman comparison site, HaMuch.com, has looked at some of the worst DIY disasters around the home and how much you could be out of pocket if your DIY attempt goes wrong and you need to call in a qualified tradesman to put it right.

On average, a third of the jobs posted on HaMuch.com are from those looking to rectify a dodgy DIY job, but the two areas of the home that should never be tackled by a DIY amateur in the first place are gas or electrical work.

Electrics

Even the most basic of electric jobs such as changing a switch could be potentially fatal but bodging a re-wire could see you fork out as much as £4,500 to rectify the job, while replacing a consumer unit could cost up to £500, and a new light fixture alone could set you back £50.

Gas/Heating

In the very worst case, a mistake involving gas could cost you your house and your life, and in the best-case scenario, calling someone in to repair, replace or service your boiler can cost in the region of £3,000. A gas fire, cooker or hob repair can also stretch into the hundreds and cost as much as £400 to set right. When it comes to has, it’s better to bite the bullet and go pro as tinkering with it yourself can increase the cost if more damage is done.

Even something as simple as a leaky radiator can cost you £300 for professional help should your attempted fix fail or cause further damage.

Plumbing

Exacerbating a plumbing issue with your own DIY fix may not be as dangerous but it can get you wet and cost you in the region of £450 for a new sink and £900 to fit a new bath. Having it done right the first time around will at least save you from forking out for more sinks or baths than you needed in the first place.

Roof Cleaning

Apart from the obvious falling hazards involved in cleaning the roof or gutters, hiring a professional to fix any damage done during a DIY attempt could cost as much as £800. Less damage equals a lower cost so unless you are sure you can do it, hire someone with the right equipment and know-how.

Flooring

Flooring is one of those jobs where you often don’t realise the mess you’ve made of it until it’s far too late and most of the floor has been done. Depending on the size of the area, a professional re-fit for a tiled floor can cost £450 to £500, while professional wooden flooring can run to as much as £1,500 for a room.  

Broken Windows

Broken windows are a natural event over the course of a property’s life-cycle but as well as the dangers of broken glass, a DIY bodge job can reduce your property’s security and energy efficiency costing more money in the long-run. Replacing a window after spending time and money trying it yourself can cost between £200-£400 on average.

Conservatory

You could spend many hours putting together your own conservatory in the attempt to save money but once it’s up, if it needs to come down again it will take you even more time and an average cost of £5,000 to £10,000 depending on the size and style to get a professional to do the job.  

Decorating

Usually the first job we would attempt ourselves but without the right amount of love and attention, it can actually make your home look tired, shabby and amateur. A re-plastering job can cost between £350-£500 depending on the size of the room or wall, but this is money well spent if it saves you time and money on an unsatisfactory first attempt. Even hiring a painter can cost up to £500 per room so fixing a dodgy paint job can still hit you hard financially.

Founder and CEO of HaMuch.com, Tarquin Purdie, commented:

“All too often, the cost of hiring a professional can be a put-off and can cause many to tackle issues around the home themselves in order to save some money.

This has become increasingly more prevalent due to the abundance of online tutorials and how-to guides, but making a mess of it not only wastes your valuable time and money but in some cases, it can be potentially fatal. Yes, hiring a professional will always set you back financially, but this cost is far more palatable when you haven’t wasted money on materials and tools trying to do it yourself first.

Our advice is to always weigh up the danger, the knowledge base you have and consider the price of the job. If the job costs a lot, to begin with, it’s a good indicator that it will be difficult or dangerous, requires a professional or will be extremely laborious, and in some cases, it can be all three.

In this instance, and always when dealing with gas or electric, shopping around for the most competitive quote and hiring a qualified tradesman should be your first port of call. For the jobs that will cost less to rectify should you make a hash of it, such as re-decorating, it’s always worth having a crack yourself if you have the time and patience.” 

Continue Reading

Property

Modern-day amenities show London new build price premium is worth every penny

Published

on

London’s new build sector is continuing to evolve to offer more in-house services and amenities to the capital’s buyers in an attempt to battle Brexit uncertainty and beat the competition. But with the higher purchase price compared to existing stock in the market, are these added extras worth the money? Research by new build specialists, Stone Real Estate, has taken a look.  

Stone Real Estate looked at the annual cost of eight of the most common and sought after new build amenities regularly included in London developments today, and how this cost stacks up compared to the difference in price between the average new build property and the average cost of existing stock.

According to the latest Land Registry data, the gulf between new builds and existing homes in London is currently £26,691.

Are they worth an additional £27k? Well, many new builds developments now come with a resident’s lounge and while London is home to some very expensive spaces to work and relax, even the most affordable private members club will set you back £150 a year.  

It’s becoming more common that new build developments in the capital now offer free Wifi, an amenity in constant use in this day and age and a cost that would otherwise cost you £376 a year.

Whether you use it regularly or kid yourself and only use it once a week, a free to use gym in your new build development can save you as much as £462 in membership fees over the space of a year.

While you may use them far less regularly, paying for your own concierge service for just one hour a week would cost £472 a year, while going to the cinema just once a week would cost £600 a year. Even the cost of paying for additional storage that now comes as standard with many new builds could total £692 a year. 

Perhaps the two most sought after and expensive amenities included in today’s new builds are a creche and a parking space and it’s easy to see why as paying for this separately can cost over £2,000 a year each.  

All in all, just the cost of these eight services and amenities can total more than £7,000 a year! 

Based on the cost of the average London new build, it would take new build homebuyers in the capital just 3.8 years to recoup the difference in house prices through the use of the additional amenities a development might offer.

This, of course, varies across London, and while it would take almost 20 years in Redbridge, it would take less than a year in Southwark or Wandsworth, and in fact, there are a total of 14 London boroughs where the average new build house price is lower than existing stock and so buyers are benefiting from this value straight off the bat.  

Founder and CEO of Stone Real Estate, Michael Stone, commented: 

“Buying new isn’t just beneficial in terms of the standard of home your buying, which in itself is arguably worth the premium, it’s also about the wide range of benefits that now come with a modern-day development.  

While not every development will offer the same incentives, they will all include additional draws above and beyond the property itself that enhance the life of a London home buyer in some shape or form. It can be as simple as a transactional incentive such as paid stamp duty, or a lifestyle benefit like a free on-site gym, creche or even a more traditional benefit such as a parking space.

Some of these benefits may sound insignificant in terms of cost, but once you start to add them all up, your paying quite a substantial amount of money and so to have these already taken care of under one roof is something that buyers really go for in today’s market. After all, it’s not just about cost-saving, but convenience and ease of lifestyle as well.” 

Continue Reading

Trending