Sub-standard DIY could knock down the value of your home

There are already many rumours circulating regarding the extent by which property prices in the UK may fall, and some analysts have predicted that property prices could plunge by 20% over the next two years.

However, for consumers hoping to maintain their property value through home improvements a stark warning has been put out by industry professionals.

Industry experts have stated that homeowners that carry out DIY home improvements but have neither the skills or confidence t do a good job could actually end up reducing the value of their property further.

In addition to this sub-standard DIY work could also adversely affect your chances of making a sale if you try and sell your home.

Last year poor DIY work is thought to have wiped around £350 million off property prices in the UK according to officials from Halifax. Homeowners are also reminded that certain jobs that they carry out could invalidate their insurance cover, with one official stating: ‘Trying to tackle certain areas you are not qualified for, such as electricals or plumbing, could invalidate your home insurance policy, leaving you liable for any subsequent damage.’

Homeowners that do intend to carry out work should always make sure that they have adequate cover in place, said one insurance official, stating: ‘While breakage of some fittings – such as baths and glass in doors – is covered by most standard buildings insurance policies, you might need extra accidental damage cover to protect against DIY disasters such as drilling through pipes or spilling paint on carpets.’