With the recession tightening its grip, professional home and garden improvements are few and far between with homeowners turning to DIY to cut costs.
This is in fact a false economy as it is predicted that Britons pay a massive £1.5billion to fix DIY jobs gone wrong – adding to already hefty household debts of £58,320 (including mortgages).
Figures show that more than a third (38%) of Brits spend their bank holiday working on a DIY job, and one in ten of those projects will have gone wrong.
Some 250,000 people suffer DIY-related injuries every year but debt management company Kensington Financial Management Consultants warns that DIY disasters could lead to unwanted debts too.
While it may seem like a good idea to use the break to put up shelves or repaint the front room, bank holiday DIY can prove to be a costly mistake if it goes wrong.
Common accidents include flooding caused by drilling through water pipes or damaging a tap, flat screen TVs falling off the wall, flat pack furniture collapsing, paint spilt on the carpet, broken glass and electrics short circuiting.
Mark Love from Kensington Financial Management Consultants said: "The average house decreased in value by £62 every day during the last 12 months, so it’s probably only really worthwhile doing jobs that are absolutely necessary."
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