£1.5bn to put right home DIY blunders

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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