The number of new home loans has risen for the fourth straight month as loan rates have cut again. A number of mortgage providers have advised that the recent rate cuts offered have seen loan approval rates rise by 30% which is the highest rate in the last nine months. The end of the last financial years has brought new found opportunity for home buyers or re-modelers alike.
With new homes still being built, the focus of existing developments has been pushed towards kitchen renovation.
Kitchen renovation needs careful planning
Interest in food and cooking which has primarily been generated from television programs and celebrity chefs has pushed the kitchen back into the spotlight. Kutchenhaus Manager “Norman Parker” has said that kitchen design has changed as the kitchen has become part of an entertaining area which allows your guests to watch the meal being prepared and served. For the new evolution of cooks watching the culinary techniques seen on television the public creates a room of expression for the modern household.
Mr Norman advised “renovating a conventional kitchen could cost from £10,000 to £25,000 but it is important that the public thinks about kitchen renovation very carefully to ensure they do not overspend the budget they have set aside, this is even more important if a loan is taken to carry out the refurbishment.”
Mr Norman further Added “Not having a clear and concise plan of objectives can often lead to kitchen disaster which will not enhance the value of your home. Like any service you should always seek professional advice, they are the experts in their field and spending the time to find an expert service will enviably cut cost later in your project.”
A good design is about creating functionality and an aesthetic relationship between living area, kitchen space and your outdoor areas and only a true specialist of interior design can help you fulfill an opportunity of kitchen renovation.
If you set a clear budget allowing a percentage of the funds for the design service, if banks and mortgage companies have more leverage of the public to be able to obtain a loan again, then the key to remember that you have taken a loan to increase the value of your house, so make sure that a new design will carry out this function and this not simply gives you a new kitchen but, keeps your budget intact.
This article has been produced by Kutchenhaus Kitchens.