First-time buyers Money My First Home Property Tech

Couple saved £17k doing up first home with help from YouTube and DIY books

Couple saved £17k doing up first home with help from YouTube and DIY books

A COUPLE from Manchester saved £17,000 by watching YouTube tutorials and utilizing DIY books to renovate their first home themselves.

Danielle Owen-Brodie, 30, and her boyfriend Darren, Grogan, 29, purchased their three-bed semi-detached home final July for £134,000.

 Danielle and Darren bought their home in 2017 and have been working on it ever since

Danielle and Darren purchased their home in 2017 and have been engaged on it ever since

Choosing a fixer-upper can shave £40,000 off the market worth, based on Direct Line Home Insurance coverage, making them a extra reasonably priced means for first-time consumers to get on the property ladder.

The additional work, time and cash that’s wanted to show a fixer-upper right into a home does put consumers off, particularly when its their first time.

However that wasn’t the case for Danielle and Darren who took on the duty themselves – and have even constructed partitions and laid flooring of their new pad.

It began after a housing survey revealed the 1930s property had damp and structural points.

 The couple decided to renovate the house by themselves to save cash

Jon Tremendous

The couple determined to renovate the home by themselves to save lots of money

Estimates from builders stated that it will value at the very least £2,500 to repair however as an alternative of being postpone they used this to their benefit and acquired £6,000 knocked off the asking worth.

Once they obtained the keys in July final yr, they started taking a look at how they might restore the property with out paying a builder.

For Danielle, a senior danger complaints auditor, and Darren, who’s self-employed and works in visitors administration, this was an enormous danger as they might have completed extra injury to the property and ended up with a good greater invoice to repair it.

Armed with solely YouTube and a DIY guide the couple took on the problem, shifting partitions, laying flooring and uncovering fireplaces themselves – and reckon they’ve saved £17,000 within the course of.

Are you a first-time purchaser who need to share recommendations on how you probably did it? E-mail us at [email protected] or name 0207 78 24516. Do not forget to hitch the Solar Cash’s first-time purchaser Fb group for the newest recommendations on shopping for your first home.

However doing the work on their very own hasn’t been a simple course of, because it began over a yr and a half in the past and nonetheless have a number of extra months earlier than it is going to be completed.

This week within the My First Home collection, we caught up with Danielle and Darren, who’ve been sharing the method on Instagram at ourfirsthome44, to seek out out what it takes to tackle a strong DIY problem.

How a lot did you pay for your home and what’s it like?

We have got a three-bed semi-detached home in Manchester. It is in a fairly cul-de-sac that leads onto the canal.

 The ripped-out the old kitchen and replaced it with a more modern one

Jon Tremendous

The ripped-out the previous kitchen and changed it with a extra trendy one

 The kitchen before Danielle and Darren replaced it

The kitchen earlier than Danielle and Darren changed it

The bedrooms are an honest measurement though we have turned the smallest one into an workplace for once I work from home.

There is a driveway, which was important for Darren, and a backyard on the again which I actually needed. We have got a storage and a entrance backyard too.

We purchased it for £134,000 with a 10 per cent deposit which was about £13,400.

Initially it was available on the market for £140,000 and we negotiated it right down to £138,000.

What help is on the market for first-time consumers?

GETTING on the property ladder can really feel like a frightening activity however there are schemes on the market to help first-time consumers have their very own home.

Help to Purchase Isa – It is a tax-free financial savings account the place for each £200 you save, the Authorities will add an additional £50. However there is a most restrict of £Three,000 which is paid to your solicitor whenever you transfer.

Help to Purchase fairness mortgage – The Authorities will lend you up to 20 per cent of the home’s worth – or 40 per cent in London – after you’ve got put down a 5 per cent deposit. The mortgage is on prime of a traditional mortgage however it may solely be used to purchase a brand new construct property.

Lifetime Isa – That is one other Authorities scheme that provides anybody aged 18 to 39 the prospect to save lots of tax-free and get a bonus of up to £32,000 in the direction of their first home. It can save you up to £four,000 a yr and the Authorities will add 25 per cent on prime.

Shared possession – Co-owning with a housing affiliation means you should purchase part of the property and pay lease on the remaining quantity. You should purchase something from 25 to 75 per cent of the property however you are restricted to particular ones.

“First dibs” in London – London Mayor Sadiq Khan is engaged on a scheme that may prohibit gross sales of all new-build houses within the capital up to £350,000 to UK consumers for 3 months earlier than any abroad advertising can happen.

Starter Home Initiative – A Authorities scheme that may see 200,000 new-build houses in England bought to first-time consumers with a 20 per cent low cost by 2020. To obtain updates on the progress of those houses you possibly can register your curiosity on the Starter Houses web site.

We paid £200 for a survey which got here again with a couple of critical points that wanted to be fastened, like damp beneath the flooring downstairs and the mortar within the partitions was eroding.

We have been quoted £2,500 by an professional to get it fastened so we lowered our supply to £130,000, and agreed on £134,000 with the vendor.

The supply was put in April 2017 and we received the keys in July.

Was saving up for a deposit arduous? How did you handle it?

I met Darren two and a half years in the past, and he’d already saved sufficient cash to purchase his personal place by then – so actually he was simply ready for me to get my act collectively!

We have been renting a two up, two down in Manchester paying £425 a month – we now pay £500 a month on our mortgage.

 The house has three bedrooms - one of which they've turned into an office

Jon Tremendous

The home has three bedrooms – one in every of which they’ve became an workplace

 They built a wall to create a hallway to separate the living area and the doorway

Jon Tremendous

They constructed a wall to create a hallway to separate the dwelling space and the doorway

We had one final huge blow out journey to New York a few years in the past and then spent 18 months saving.

My wages differ each month as a result of I additionally declare mileage however I set myself a price range of £150 a month to reside off.

It meant I might tuck away between £800 and £900 each month however we did hardly something whereas we saved.

I gave up the fitness center to save lots of £25 a month and switched to a sim-only deal on my telephone to save lots of one other £20.

 They're still working on the house, with just the garden and bathroom to go

Jon Tremendous

They’re nonetheless engaged on the home, with simply the backyard and toilet to go

 The couple saved £32,000 for the deposit and the renovation work

Jon Tremendous

The couple saved £32,000 for the deposit and the renovation work

We did not exit for meals or something like that however we had associates spherical to us which made socialising cheaper.

In the long run we saved about £32,000 between us, together with my £14,000, for the deposit and the renovation work.

When did you discover on the market have been points with the home?

Deciding on a home was arduous as a result of we have been each so particular about what we needed so we made a pact about not going to view one till we each agreed.

It was months earlier than we discovered someplace we agreed on and this was the one place we checked out in the long run.

 The living room looks completely different now that it's been redone

Jon Tremendous

The lounge appears utterly totally different now that it has been redone

 The living room when Danielle and Darren moved in

The lounge when Danielle and Darren moved in

Our supply had been accepted and we paid £200 for a survey. That is once we came upon concerning the damp and the mortar.

We received knowledgeable spherical who quoted us £2,500 to get it fastened. We might afford it and actually needed it so we went by means of with the sale.

What work have you ever achieved and why did you determine to do it yourselves?

Apart from fixing the damp and structural points, we knew we needed to do extra like lay new flooring and put a brand new kitchen in.

To take advantage of our finances we began wanting into doing the work ourselves the place we might.

We watched YouTube movies and learn DIY books and help from my dad and kind of acquired on with it.

 They have spent the last 18 months making the house their home

Jon Tremendous

They’ve spent the final 18 months making the home their home

 They've changed the front door and the windows since moving in

They’ve modified the entrance door and the home windows since shifting in

 The house looked very different when the couple first bought it over 18 months ago

The home appeared very totally different when the couple first purchased it over 18 months in the past

We have got a household good friend who’s a builder as a again up however we’ve not had to make use of him but.

We began doing the work in July however did not transfer in till November whereas we received the majority of it executed.

Each night and weekend after work we might go to the home to work on it.

Earlier than, the entrance door opened into the lounge however we put a wall in to make a hallway.

A neighbour who was additionally renovating his home down the street, which had been constructed the identical as ours, informed us which wall was the supporting wall so we knew to not make any modifications to it.

 The couple used YouTube tutorials and a DIY book to teach them how to do the work

Jon Tremendous

The couple used YouTube tutorials and a DIY guide to show them methods to do the work

 Danielle managed to live of £150 a month while she saved

Jon Tremendous

Danielle managed to reside of £150 a month whereas she saved

We put props up ourselves earlier than we moved partitions, put in concrete lintels – helps that go in above doorways and home windows – when shifting doorways and discovered to put bricks and rip them down.

How a lot has it value you to date?

We did not get quotes for every little thing however for instance, one builder quoted us £1,500 to maneuver a doorway however we watched video on YouTube and did it ourselves for £110.

There have been some issues that we could not do and wanted knowledgeable.

Altogether, we paid specialists £9,000 to to get it made damp proof, wall ties and timber replacements, plasterer, window work and the occasional plumber round.

Up to now we have spent £17,000 on the work all collectively however I reckon it might have prices us at the least twice as a lot to get another person to do it.

We have nonetheless received to do the backyard and the toilet to do that yr.

Was it value it taking over such a problem?

Completely. I imply, once I look again on it I feel we should have been a mad – we have been so busy.

However nothing’s gone fallacious but and we’re actually pleased with the work. It is lastly our home.

We have been taking a look at different home costs within the space too just like ours which promote for between £165,000 and £170,000.

It isn’t going to be our endlessly home however hopefully we’ll nonetheless make some cash on it even after the renovation.

We pay on your tales! Do you’ve gotten a narrative for The Solar On-line Cash staff? E mail us at [email protected] or name 0207 78 24516. Do not forget to hitch the Solar Cash’s Fb group for the newest bargains and money-saving recommendation.


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