A beginners Guide To Running

Age is no barrier to running – and joining a local club can help you too.
Age is no barrier to running – and joining a local club can help you too. Photograph: Dean Mitchell/Getty Images

Why run? Running can change your life. It’s certainly changed mine. It’s brought me friends, taken me to amazing places, given me a whole new perspective on the streets I travel through every day.

Running can be sheer, bursting-into-song joy or heart-pounding effort, sometimes on the same run. Pushing yourself in a race can be brutal masochism, worth every second when you cross the line and realise you’ve beaten your best time. Or it can just be just floating easily along, watching the ground beneath you recede, marvelling at the capacity of the human body to adapt and improve.

Running clears the mind – something about the flow of oxygen to the muscles, not the brain, simplifies the most thorny problem. Running can be blissful solitude, and the most social of sports.

Running means different things for different people, from park pootlers to supersonic sprinters, but I believe there is something in this wonderful sport for everyone.

Everyone can run

Yes, everyone. Whatever your age, size or background. Even if you’ve not so much as sprinted for a bus since you left school, and watching Mo Farah on the telly leaves you breathless, once you start running you will be surprised how quickly you improve.

You’ll not only get faster but healthier. Study after study shows that running brings enormous benefits, from cutting your risk of getting some types of cancer, type 2 diabetes, and heart disease, to reducing your chances of high blood pressure and stroke. Then there’s the mental health benefits. Of course, you should check with a doctor if you have any concerns, but the vast majority of people can improve their state of mind and health with a couple of runs a week.

Planning helps

Following a realistic plan will help you improve faster than simply winging it. Realistic might mean not pushing yourself too fast, too soon and risking burn out – or equally, not slogging around a half marathon horribly underprepared.

If you are a complete beginner, then the NHS’s Couch to 5k programme is a superb start, tried and tested by thousands of runners. It assumes nothing beyond a certain amount of willpower, and will get you from panting by the first lamp-post on day one to running 5km without stopping in nine weeks.

If you are already in reasonable shape there are many online training plans, podcasts, apps and magazines or books that will help you step up. Just make sure they have been devised with the help of a reputable coach and that they have the right focus for your individual goals.

Don’t worry if it’s hard at first

Everyone struggles with motivation sometimes, even the pros. And everyone finds running hard at some point – it’s perfectly normal to find it daunting at the beginning, or after a break.

Running has a steep learning curve, not so much for your head as for your unaccustomed-to-the-impact muscles. So don’t stop after your first, second, or even third run: they are literally the hardest you will ever do. And any time you push your body to do something new, you are probably going to feel it the next day. DOMS – delayed onset muscle soreness – is perfectly normal, and nothing to worry about. It passes. But if you have something that hurts for more than a couple of runs, do try to get it seen to.

When you get over the top of the first steep curve you’ll be able to back off a little, and suddenly it feels enjoyable.

Make running social

The idea of talking while running might strike fear into you, and leave you feeling breathless with mere anticipation. But running with a friend can make a slog seem like a jaunt, even if you save all the actual chatting for afterwards.

Find a running buddy, or join a running club – British Athletics has a “find a club” feature online. These clubs aren’t just for speedsters: many have beginner-friendly sessions and runners of all levels and ages.

You might also strike up friendships at your local parkrun – runners love to talk about running. And surrounding yourself with people who love running, and are positive about it, is contagious.

Get the right kit

Running can be a very cheap sport – what more do you need but shorts, a T-shirt, and some trainers? Of course, you can also spend a fortune on top-of-the-range gear, fancy GPS watches and expensive race entries.

But one thing that is worth investing in is the right shoes. These don’t need to be expensive or the coolest new model, but they should be the right ones for your specific running style, or gait. Good running shops will analyse this (free) on a treadmill for a couple of minutes before recommending shoes for you. Many people over- or under-pronate – pronation is the way your foot rolls when it lands on the ground – and they will generally require some support in their shoes to counteract those forces. Others will be “neutral” and require less.

Once you know what you want, shop around – running shoes are updated every year, and sometimes you get bargains online just by buying last season’s line, identical in everything but colour.

Pick up the pace

There’s nothing wrong with gently ambling around the same loop a couple of times a week. Running doesn’t have to be competitive, either against other people or your own previous efforts. But if you do want to get quicker, then it’s important to do a mixture of faster and slower work.

One way to do this is by making one of the weekend days an easy-paced long run – perhaps increasing the distance by (no more than) a mile a week. Then also add in an interval session, where you mix faster efforts with gentle recovery. If you have a GPS or access to a track you can do this on distance, but the simplest way is by time: warm up well, then run hard for three minutes, walk/jog for a minute. Repeat six times. Cool down.

Of course you can vary the amount of reps, and their duration, but the basic principle is that you are teaching your body to work at a higher intensity for short periods.

Other exercises are important

Many runners regard any training that isn’t actually running as a waste of time. They are wrong. Core work, and strength and conditioning work, are hugely important, both in injury prevention and in improving your running form and economy. For instance, on a longer run, when we get tired, we tend to slump forwards – a strong core can help prevent this. And many, many running niggles can be traced directly back to the fact that the glutes, the main hip muscles and the biggest muscle group in your body, simply aren’t doing their fair share of the work. Five minutes a day spent doing targeted exercises can reap significant rewards.

There are numerous apps and online videos to help, but a simple mix of planks, side planks and crunches can build your core strength, and squats and bridges are great for glutes.

Fuelling your run

An entire industry is devoted to selling you products that promise to make you run better and recover quicker. The reality is that for most recreational runners, a decent diet is more than adequate fuel.

Generally, your body digests simple carbohydrates (toast, porridge, cereal) faster than protein, so a bagel with peanut butter a couple of hours before a workout is ample. And unless that workout is an epic sweatfest, you don’t need any magical protein shake afterwards. Just make sure your next meal is fairly soon after the run, and that it contains some healthy natural protein, such as eggs, yoghurt, nuts, or lean meat.

For long runs, your body has enough carbohydrates stored to fuel you for around 90 minutes, after which you may find it necessary to take some gels (or jelly beans, or gel blocks – all the same thing, just in different forms). Running “fasted” – before breakfast – is also a good way of teaching your body to use its almost-limitless fat stores efficiently.

Age is no barrier

No one is too old. And you might just live longer if you start running. There is some evidence that people with a very high physical activity level have longer telomeres. These are the protective caps on the end of your chromosomes, and are considered one marker of biological age. Endurance exercise has been shown in studies to preserve telomere length.

Your endurance tends to peak later than power, so you can take up running later than most sports and still get faster. Plenty of people set personal bests at all distances into their 40s and 50s. There is also the system of “age grading”, which calculates your times against your age and gender –and you can keep improving these scores throughout your life.

 

Family Travel Tips: How to get the most out of your hard-earned holiday

Travel tips and advice

Family holidays. Photo: Deposit8

1. Dodge the drama

Jill Holtz of mykidstime.com recommends making a photocopy of the inside photo page of each family member’s passport. “Put it in a separate place to your passports, so if they get lost or stolen you have the details at hand for the consulate or embassy for replacements.”

And another thing: Ensure you have an up-to-date European Health Insurance Card (formerly the E111) before travel, as it gives you access to health care services when travelling in another EU or EEA country. This EHIC is really handy if your child gets sick or needs a hospital visit.

 

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Packing the car

 

2. Book early

It might be too late for this year, but Charlotte Brenner, Marketing Manager of Falcon Holidays and Thomson, recommends booking as early as possible. “It not only allows you get your first choice accommodation and room type, but you may also secure a free child place and have months to pay rather than in one big payment.” Last-minute bookings can be a false economy.

And another thing: “If you have children that can’t swim, check the size and depth of the children’s pool and whether there is a shallow end or gradient into the main pool,” Charlotte recommends. “Smaller children can spend hours splashing around in the kids’ pool if the depth is right for them to stand.”

Details: falconholidays.ie

3. Split your belongings

Forget dedicated luggage for each person. Divide everyone’s clothes evenly into all your suitcases. That way, if a bag goes missing no one will be left without essentials when you arrive.

And another thing: Put the most important cuddly toys, medicines and pyjamas in one of your carry-on bags. That way if suitcases don’t arrive, your little ones will still be able to sleep or nap comfortably.

4. Pack snacks

Airports are expensive and long waits make for hungry children. Pack a stash of the kids’ favourite snacks (plus a second batch for the homeward journey), but avoid messy items and overly sugary foods. A surprise treat like a magazine can also work wonders if you produce it when tempers are fraying…

And another thing: Bottled water isn’t cheap. Avoid the wallet drain by packing a few empty bottles or kids’ sports bottles to fill up at the water fountains after security. This will save you cash while keeping everyone hydrated in warm airport terminals. Dublin Airport sells ‘Plane Water’ for a family-friendly €1 airside, too.

5. Arrive prepared

“If travelling on long flights, pre-book kids’ meals and seats before you go, check in online and print all boarding passes, particularly if taking connecting flights,” advises Sarah Slattery of thetravelexpert.ie, who often writes posts on travelling with kids. You also need to work out whether to check buggies in, or take them to the gate.

And another thing: “Where possible fly direct, even if the cost is more. The hassle of waiting in airports, worrying about delays and standing in queues with kids, is not worth whatever saving you may make. This is particularly true when flying to the US, because you can clear immigration in Ireland before you go if you fly direct.”

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Passport and boarding passes. File photo (Deposit)

Is everyone’s passport in date?

6. Know your airport

Many airports offer good family amenities, like play areas, family seating and feeding zones. They’re not always easy to find, so go online pre-trip and familiarise yourself with what’s on offer. That way you can avoid getting lost in Duty Free and make a beeline for the best spot. Dublin Airport offers a family security line, as well as a play area beside Burger King in T2, for example.

And another thing: Make sure you have enough baby bottles made up for the duration of your flight, suggests Charlotte Brenner of Falcon. “In case of delays, allow for extra nappies, baby food and formula. Put it all together in one baby bag, and declare it to security…”

7. Backpacks are best

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Backpacks make getting around the airport a little easier

 Some parents favour Trunki wheeled cases to pull small children along on, but backpacks are a smarter choice for your carry-on. They leave your hands free to carry tired toddlers, hold hands or simply deal with documents without having to put your handbag down unattended. (Plus they usually have handy pockets for water bottles and documents.)

And another thing: A kid’s backpack is a smart investment. It helps them buy into the whole holiday experience, with easy access to their favourite books, games, toys and snacks. Some double as booster seats, too – saving an extra charge on your car rental.

8. Airport entertainment

Jill Holtz of mykidstime.com found a MediaShare invaluable on a recent family holiday. “It is a portable streaming device that creates its own wireless network so you don’t need Wi-Fi. Once you’ve downloaded movies on to a USB stick before you go, you simply plug it into the MediaShare and you can connect to small tablets or phones. Your kids can watch movies on the plane, in cars or even in restaurants (just make sure you bring headphones). They can even watch two different movies with one device… No more arguing at movie time!”

And another thing: Happy with one device? Consider a headphone splitter, which allows more than one child watch the same movie from a single device.

Details: Verbatim MediaShare Wireless streaming devices are on amazon.co.uk, from approx €30.

9. Jump on the band-wagon

Sarah Slattery of thetravelexpert.ie finds Seabands (acupressure wristbands that help with nausea) great for combatting motion sickness. They are ideal for boat trips, but can also be used in cars, planes or even on theme park rides to calm sensitive tummies.

And another thing: Always have a pack of wet wipes handy. From sticky hands to spilled drinks or a child getting sick, they can be whipped out to instantly minimise mess on furniture and faces!

Details: sea-band.com, approx €8.55 each.

10. Buy the book

Lonely Planet might bring back memories of your backpacking days, but yesterday’s backpackers are today’s parents. Thankfully, the folks at the guidebook giant are on the case – uploading detail-rich destination features geared towards families. If you still fancy a guidebook, go digital and download LP’s guides – or a relevant chapter – to help you get the most from your trip.

And another thing: Lonely Planet has a brilliant selection of kids’ books to inspire your little travellers. From their Amazing World Atlas to their Not for Parents range, these make a smart investment for curious kids.

Is It Time To Go Down The Electric Car Route?

The Government has set a target that all new cars and van sold from 2030 be zero emission or zero emission capable as one of a range of measures to meet our climate change commitments.

So with the focus on electric cars, we look at the key characteristics of five you can buy. Is one right for you?

Tesla Model S

It’s impossible to think of a modern electric car without a Tesla popping first into your head. Elon Musk’s premium brand has very quickly established itself as the leader of the electric pack when it comes to alternatives for conventional power.

The Model S has spearheaded the success of the California-based manufacturer and it’s easy to see why. Not only can it deliver an impressive 409-mile range (albeit requiring a nine-hour charge), should you opt for the P100D model, you can get near-supercar levels of performance too.

Tied together with a luxurious and well-equipped package, you’ve got one of the coolest cars on the planet. That said, it’ll set you back at least €120k.

Renault Zoe

OK, so it’s got a silly name, but that doesn’t make the Zoe a silly car. First of all, it’s a cheap way to enter the EV scene. Included with that is your own home wall charger, which can take the battery from flat to full in five hours.

Not that you would have to plug it in too much if you were using it purely as a city car, as the Zoe can manage 250 miles on one charge.

Volkswagen e-Golf

Electric cars don’t always have to be bespoke models with wild styling and funky names. Here, you simply get a Volkswagen Golf that so happens to have an electric motor in place of a combustion engine.

Having said that, it is pricey for a Golf, starting from €32,000 (including €5,000 SEAI grant and €5,000 VRT rebate).

Couple that with a rather limited 186-mile range and it’s difficult to justify if you’re just in the market for a new Golf. However, if you want to join the electric revolution in something that doesn’t make a fuss about what’s underneath, this may just be the right car for you.

Hyundai Ioniq

Admittedly the Hyundai Ioniq is not the most inspiring car on this list, but it’s by no means a bad one. It’s understated in design (perhaps even a bit bland, depending on your tastes) and makes for an alternative choice to some of the more conventional cars in its sector, if nothing else.

It’s certainly one pricey Hyundai though and with a measly range of 174 miles that takes eight hours of charging to replenish, it’s going to take a very dedicated Korean car fan to justify buying this one.

BMW i3

This is one for those looking to stand out. Styled like something that would usually barely make it past the concept phase, the BMW i3 is certainly a striking thing to look at.

It’s pretty tech heavy in its construction too, with a body made largely of carbon fibre-reinforced plastic which alone offsets the weight of the 230kg battery pack.

If you’re one for function over form though, the i3 isn’t going to be for you. With a rather poor 81-mile range, it’s not going to serve you well if you fancy taking it out of town. There is a version with a petrol range extender available, but that kind of ruins the point of it being all-electric, no?

Buying a 172 car? With a personal contract plan? Read more here. .

It may be a trope, but if it’s too good to be true, then it generally is. If you were to believe some of the promotions flying around car dealer forecourts, you could be driving away in a brand new BMW for as little as €326 a month as Kearys of Cork promises. The truth of course, is a little different.

Yes, if all goes to plan, you could be driving around in a new car at a potentially lower cost than a traditional finance deal by using a “personal contract plan” (PCP) every three years or so.

PCPs, the fastest-growing form of car finance in recent years, see buyers put up a cash deposit, followed by monthly payments over generally three years and finally a “guaranteed minimum future value” which is the sum owing to the dealer at the end of the period.

The idea is that the second-hand value of the car exceeds this lump sum owing and that difference allows the motorist put a deposit down on another new car without having to put his hand in his pocket.

But if things go awry, you could find yourself in a mess of debt, owing more than the car is actually worth – or you may have to walk away with nothing to show despite having paid two-thirds of the value of the car.

The problem lies in a number of factors. First is understanding the concept ofPCP. It’s a little tricky, and when a financial concept is a bit tricky, many suggest that the best advice is to simply walk away.

Secondly, it’s an unregulated industry. As Michael McGrath, Fianna Fáil finance spokesman recently noted, the gap in regulation means we have a situation “where the finance company entering into a PCP arrangement with a consumer is under no obligation to assess the suitability of the product for the consumer or indeed their ability to make the necessary repayments”.

And even more worrying perhaps, is his second point: “As of now, nobody in the CCPC [the Competition and Consumer Protection Commission], Central Bank or Department of Finance knows how many PCPs exist and, crucially, how many customers are defaulting.”

As the sector is unregulated, there may be scope for loose standards. One concern with PCPs is that it can be so easy to access such a deal. Some finance companies promise that “bad credit history” is not a problem; others allow you to “apply for finance online in under two minutes”.

If you can afford a new BMW or Hyundai SUV or whatever it might be, but don’t want to put all your money into it upfront, a PCP could be the deal for you.

If, however, you are only buying that new car because you will make no repayments on a third of the cost for three years – which brings the cost of borrowing down considerably on a PCP deal, at least for the first three or five years – then you need to ask yourself some hard questions, or you could find yourself in a tricky situation three years down the road.

PCPs in an ideal world

The original goal of PCP was to facilitate the more frequent purchase of new and higher value cars, and to keep buyers loyal to a particular make.

For many car buyers, the PCP financing structure works perfectly. It allows them to fulfil their goal of driving away in a new car every three years or so, while making manageable monthly repayments, without tying up their savings.

Let’s consider someone trading in their own second-hand car for €9,000 with a dealer. They then put this amount down as a deposit on a new car, costing €26,495, which they acquire on a PCP deal – a PCP deposit is usually between 10-30 per cent of the value of the vehicle). Monthly repayments come to €278.42 over 36 months (a total of €10,023), and the dealer gives a guaranteed minimum future value – the price the dealer believes the car will be worth to him to sell on at the end of the three-year term – of €11,023, based on 15,000km a year.

Not having to make any repayments on the portion of the car’s value covered by the guaranteed minimum future value figure brings down the cost of monthly repayments considerably.

Now, some 2½ years into the term, our driver gets a call from his dealer. He’s kept the car in good shape and stayed within the appropriate mileage, and the dealer believes he could sell his car for €20,000.

Given that our purchaser has a Guaranteed minimum future value of €11,023 on his car, the dealer says he now has equity of about €9,000 on his car – the second hand sale price minus the guaranteed minimum future value figure which is owed to the dealer – which he can put towards a new car.

So, our car buyer duly drives to the forecourt, drops off his car, and drives away in a new car. He has had to put no money down for the deposit, and the new version of the car has only gone up in cost slightly, so it means a slight increase in his monthly repayments which he can handle.

The cost of buying his car if he had opted for a credit union loan at an APR interest rate of 8.2 per cent, with a similar deposit, would have been €531.93 a month. That is far higher than the monthly repayments on his PCP deal. The PCP is also cheaper than a typical hire purchase deal would have been.

So, for this particular car buyer his deal has worked out to his advantage.

Derek Kavanagh at Bank of Ireland says the key to the success of the product is to have the guaranteed minimum future value set at a conservative basis.

But, as John Byrne, legal and public relations manager of vehicle data checking service Cartell.ie, notes, finance companies tend to make first-time deals “as attractive as possible” so that there is equity there that can be used to continue the chain of purchases.

Where they can go wrong

The biggest risk of all with PCPs, perhaps, is the differential between the guaranteed minimum future value and the trade-in price, as this is what gives our car buyer the “equity” which they can transfer to their next new car. This figure is hugely reliant on second-hand car prices.

The guaranteed minimum future value needs to be considerably below the trade-in price of the car, so that the buyer can either generate some equity for the next deal, or at least wash their hands of the deal.

However, there’s a trade-off. If a buyer wants a lower initial deposit and lower monthly repayments, the guaranteed minimum future value of the vehicle will necessarily be higher and that may leave little equity at the end of the term to finance the deposit on the next car.

“Some people overestimate what they’re going to get at the end,” says John Byrne, and others make the mistake of thinking that the guaranteed minimum future value goes towards the deposit on the next vehicle.

Getting back to our example, let’s consider that sterling continues to weaken and that car prices get ever more competitive north of the Border and across the Irish Sea, causing trade-in values to plummet. It’s not an unrealistic scenario.

The trade-in value of our car will plummet to, say, €14,000, while the car also has a higher guaranteed minimum future value of €13,000 as our purchaser wants lower monthly payments. That now leaves equity of just €1,000. So what can they do?

Well, as Hyundai says in its promotional material, you can:

1) “walk” – ie give the car back and walk away;

2) “talk” – ie come up with another €8,000 yourself to cover the deposit shortfall and go for a new car again;

3) “buy” – pay the €13,000 optional final payment, or guaranteed minimum future value, and own the car outright, or:

4) you can sell it on, repay the guaranteed minimum future value and pocket any profit arising if you manage to achieve one. Bear in mind you may have to get permission from the finance company to do this.

If car prices were to fall so dramatically that car falls into “negative equity” – where the debt on it is worth more than its value – PCPs do provide protection as it is the finance company that takes the hit.

But this doesn’t mean that drivers are completely protected from negative equity. What if you do want to buy the car outright at the end of the term? Do you want to take out loan on an asset that’s already worth less than the loan you need to take out to cover it?

Another risk is that you don’t keep within the required mileage, or damage your car over the three-year period. Either of these effectively breaches the contract and can increase the cost of the deal to you.

Another factor is the cost of financing. You may well have acquired the initial car on a 0 per cent deal; but three years later that deal is gone and you’re now being charged 6 per cent on the rollover car purchase, which can change the sums significantly and require you to fund more of the deal through your own pocket.

For some, to make the deal work at the end of three years, they borrow the shortfall to pay the dealer and repay it over the following three years. But that increases their overall cost of financing. And, of course by now, the value of the car they’re borrowing against has depreciated again in value, as it’s more than three years old.

At Capital Credit Union in Dundrum and Rathfarnham, chief executive Gerard McConville has noted customers like this coming through the door.

“Most [car buyers] realised there was a balloon payment; they just didn’t realise just how restrictive it is,” he says.

Flexibility?

Car dealer EP Mooney says PCP is “by far the most flexible way to finance your car these days”. Only it isn’t, really.

People’s circumstances change. If you lose your job, have a baby, go back to college, get stuck with a higher rate on your mortgage, there is little you can do to amend your agreed monthly repayments on your PCP to reflect your new financial reality.

With a standard car loan, you can always sell the car to pay off the loan, but a PCP deal is much more restrictive. And if you hand the car back, you’ll lose out on the difference between the sale price and the amount owed.

Regulation

The regulatory gap in relation to car financing is also a cause for concern. In May, the CCPC told this newspaper it had concerns about the regulation of PCPs and it had raised the issue with the Department of Finance and the Central bank..

Bigger car financing houses also reported concern, with Brian Merrigan, the head of BMW finance in Ireland, saying: “We’re regulated more by our own audit than by any institution in the Irish market.”

And the Central Bank’s new credit register won’t include car loans, essentially because of a quirk in the way the legislation was drafted. As a result, lenders can make deals with individuals who wouldn’t necessary get credit from established institutions. If those loans turn sour, dealers could be left out of pocket.

The Market

It is estimated that somewhere in the region of 30 per cent of new cars are sold on PCP deals. For example, in 2016 some 26 per cent of new BMWs were bought on finance while Volkswagen said that around 39 per cent of new cars sold in Ireland are financed through their internal bank. Of those new Volkswagen cars sold, almost 29 per cent are sold on PCP.

As to the likelihood of people defaulting, BMW’s Brian Merrigan said that his company sees delinquencies from about 0.8 per cent of customers. Bank of Ireland wouldn’t say what their delinquency rate was but they did say that it was lower than on hire purchase agreements.

In the US, there has been increasing concern around PCP finance deals, with stories emerging of people taking out loans to pay for their guaranteed minimum future value payment at the end of deal.

Analyst Max Warburton from Bernstein Research is “reasonably relaxed” about credit quality for now, noting that “lower credit score customers usually seek financing from independent lenders” who will end up taking the hit if a borrower defaults.

However, he made it clear that some deals aren’t always as good as they seem.

“Leases, personal contract plans, balloon payments and all sorts of other fun and games have made vehicles appear easier to buy for the consumer,” he says.

A “good” PCP deal

Purchase price: €26,495

Deposit: €9,000

Monthly repayments: €278.42

Guaranteed minimum future value: €11,023

Trade-in price after three years: €20,000

Equity to bring to new PCP deal: €8,977

A “not so good” PCP deal

Purchase price: €26,495

Deposit:€9,000

Monthly repayments: €161

Guaranteed minimum future value: €13,000

Trade-in price after three years: 14,000

Equity: €1,000

Original article can be found here:

www.irishtimes.com/business/personal-finance/buying-a-172-car-with-a-personal-contract-plan-read-this-1.3148532?mode=amp

 

 

Affordable Home Improvement Tips

Find big savings on those high buck remodelling projects

You’ll save money on remodeling projects if you plan well in advance, get several bids, do simple parts yourself, shop for materials, design with energy savings in mind and follow these other easy ideas.

 

 

Tip 1: Plan your project and get bids well in advance

Advance planning pays off

You get the best contractor deals when contractors aren’t so busy.

Have you ever tried to find a contractor in March to start your new three-season porch that you want completed by Mother’s Day? It’ll cost more than if you’d found a contractor in January. Most contractors plan out months ahead and don’t want to disrupt their schedules. They’ll shoot you a high bid, because they really don’t want to fit you in…unless you pay a high rate.

Most building trades have busy seasons and slow seasons. Plan ahead, and you’ll get more competitive bids during the slow seasons. Best times to schedule:

  • roofing—cold or rainy months
  • indoor renovations—winter or during rainy months
  • heating—late summer, before fall
  • air conditioning—late winter or early spring
  • chimney cleaning— anytime except fall!
  • project design (architects)—fall and winter

Tip 2: Pay extra for energy-saving features

Invest in the future

Investing in energy-saving features now will save on future expenses.

With energy prices rising, many contractors are offering energy efficiency upgrades (at an additional price). These might include higher-efficiency windows; guaranteed air sealing; extra-thick insulation; and higher-efficiency heating, cooling or other appliances. If they don’t offer this, you can ask what additional measures they (or you) can take to improve your home’s energy performance. Then compare the estimated energy savings with the cost of each upgrade. A payback period of seven to 10 years is good. (Simple payback is the time it takes for the savings to equal the original cost.) Keep in mind that upgrades done during the remodeling process always cost less than upgrades added later.

Tip 3: Hire an architect or designer for at least an initial sketch

Don’t throw money away

Don’t waste money by building an addition you don’t like!

The most expensive mistake you can make is to build an addition or remodel a room that you don’t like when it’s finished. Professional design help during the planning stage helps you tailor the space to fit. Sometimes it takes only one or two key details to make that room special. Most architects and designers will walk you through the initial planning for a modest fee. Gather lots of visual material to illustrate your ideas. And be sure you’re on the same page as your spouse! Be prepared to do some legwork.

 

Tip 4: Pitch in and do parts of the project yourself

Sweat equity

Tackle the parts of the project within your skill range.

Doing the entire project yourself is by far the best way to save. But if you don’t have the time or skills, your part-time sweat equity can reduce costs. Consider taking on such labor-intensive jobs as demolition, moving materials, digging, cleaning up the job site after work, sanding trim or painting. Coordinate the jobs with the contractor in advance and agree on their value. Beware! Once you commit yourself, make sure to complete the work in a timely way. Tardiness can throw off the construction schedule and cost you more in the long run!

 

Tip 5: Plan for future upgrades if you can’t afford them now

You don’t have to wait until you can build your dream addition all at once. You can get started now and gradually add as your finances allow. But work from a master plan so you don’t have to go back and tear out or upgrade what you’ve already done.

For example, consider:

  • an electrical service with capacity for the future addition, workshop or hot tub
  • in-the-wall wiring for electronics in every room or a future home theater
  • rough plumbing for a future half bath or hot tub
  • wiring for future lighting fixtures
  • rough framing for future doors or windows
  • French doors that open to a future deck.

Tip 6: Compare the price of remodeling with the cost of buying new

Remodel or move?

It may be financially smart to buy a different home rather than invest in your current one.

Your house is your most important investment as well as the place you call home. Although you may love your house and neighborhood, check how much your addition would add to the value of your home. Creating a luxury home in a modest neighborhood may not make financial sense. A real estate agent or home appraiser can make a close estimate. If you can’t recoup at least 75 percent of the cost when you sell, at least consider the advantages of buying another house with the space or features you need. It may well be a better investment to move rather than to add on.

 

Tip 7: Shop for materials yourself

Shop smart

Shop for finish materials and appliances to take advantage of sales.

You won’t save much by trying to stockpile lumber, drywall, electrical wiring or other basic building materials. But when it comes to the finish materials—carpeting, appliances, faucets, countertops, light fixtures—your own footwork will pay off. Not only do you get exactly what you want, but you also can find bargains, especially if you start collecting these items well in advance. You can even plan to reuse a stylish old stove, distressed hardwood flooring or other items that add a creative touch to a room. But clear your decisions with your contractor; installation costs might be higher for unusual requests.

 

Tip 8: Don’t overdo windows and skylights

Windows are hot!

Excessive glass area will raise energy costs and decrease comfort.

Big windows and skylights can have a spectacular effect in a new addition, making it feel bright and cheery and offering great views. But more is not always better. Not only are windows and skylights expensive, but even energy-efficient ones will sharply increase your heating and cooling bills. Large skylights can make a room feel like a furnace in the summer! You may have to replace your air conditioner, heat pump or furnace with a larger one. Or perhaps add units to keep the room comfortable.

Tip 9: Avoid moving the plumbing or changing the foundation

You can’t always avoid it, but any alteration to these two systems typically adds thousands to a remodeling project. Neither is simple. New plumbing often requires breaking into walls and floors; resizing lines to meet newer plumbing codes; and replacing old, out-of-date pipes. New foundations usually require excavation, concrete and other heavy, expensive work. The price jumps whenever you add these two items, so ask yourself if you really need to move the kitchen sink during a kitchen remodel, or if you really need the extra space in a bathroom bump-out.

Tip 10: Order over the internet

Internet shopping

Internet shopping will save time and money.

Can’t find a nice-looking low-voltage light fixture at a nearby home center? The Internet puts a wide selection of products at your fingertips. Even better, it gives you access to hard-to-find specialty items at competitive prices. Often you can save 40 to 50 percent over the list price.

The O’Donovan brothers are new CU youth ambassadors

Bishopstown Credit Union Brand Ambassador

New Youth Ambassadors

Olympic silver medallists Gary and Paul O’Donovan have been unveiled as the new Credit Union Youth Ambassadors for the Irish League of Credit Unions. They  were officially announced as Ambassadors at the ILCU’s Youth and Marketing Conference in Athlone on Saturday 25th February. Delegates from credit unions across the island of Ireland were in attendance. The sporting heroes were officially announced as ambassadors by ILCU President Brian McCrory.

The Conference

The overall theme of the youth conference was Digital Marketing and Social Media. There was a specific focus on how credit unions can develop their use of online platforms to communicate with Millennials and Generation Z. Alison and Mark were in attendance on behalf of St. Michaels and returned with plenty of ideas.

Speaking at the announcement of the Youth Ambassadors, ILCU President Brian McCrory said “Gary and Paul O’Donovan embody the spirit of co-operation and the ethos of working together towards a common goal which is so important to the credit union movement. Their accomplishments in rowing at global level and their achievements at the 2016 Rio Olympics make them ideal role models for young people in our communities, and indeed ideal ambassadors for the many youth programmes run by our credit unions. We very much look forward to working with them as we advance our social media and video outreach.”

Also commenting on their new role, Gary O’Donovan said “Our own credit union in Skibbereen has always supported us every step of the way and so we didn’t hesitate when asked to be the new Credit Union Youth Ambassadors. We’re very proud to be representing the movement, especially for the younger generations.”

Paul added “The support for us from all corners of Ireland has been overwhelming. Knowing we have such incredible backing from our own community and from communities around the country really makes a difference to us when we’re competing, and so we’re delighted to have this opportunity to work with a movement that gives so much back to the people in the local communities they serve.”

Getting work done? Then make sure you are fully covered

If you are having home improvement work done, check with your insurance company what you are covered for before you start..

Having home improvements carried out, or even undertaking smaller works oneself, can blind us to the dull protections of forward planning.

Insurance, that steady annual bleed we all complain about, is something you just cannot ignore as your greatest single investment is peeled apart for days or potentially months.

It’s not enough to presume the lads on site, or a single genius bounding from a van that ‘everyone’ uses in your area — is covered.

It’s awkward — lesser men will make you feel like a Nazi storm trooper for even bringing it up, but do the right thing, stiffen your spine and ask for reassuring, up to date paperwork to be produced before a spade hits the ground or a board is lifted.

If you are undertaking ambitious DIY projects or having significant home improvements carried out, inform your insurance company and check what you are covered for, before you start.

Are there any works that might void a home guarantee attached to the house (Homebond)?

If you create more rooms, for example, splitting areas or adding an extension even one that flies under the radar of the 40m for planning permission requirement, you should nonetheless, tell your insurer of this addition to the floor-plan and be prepared to provide certification of the build quality and fire-safety.

If you have to move out for a period while work is undertaken, again tell your insurer the house is likely to be uninhabited and supply the dates if possible.

If you are basing your home insurance on the re-build cost (re-instatement) rather than market value (and this is the solid advice of the industry), the rebuild cost changes if your house grows bigger.

Beyond the meat of the policy, buildings and contents, is your accidental and damage cover adequate to cover potential disasters, whoever is at fault?

Basic accidental damage tends to cover electrical faults in electrical items, not putting a foot through the attic floor while insulating. Ask about what’s in your building insurance pertaining to the fabric of the house — the laminate floor or the windows for example.

Check your policy for exclusions and explore what is termed ‘extended coverage’.

Personal accident cover, again an optional extra, will offer a limited amount if you ding yourself during a DIY stunt.

Most electrical work, all works on gas supplies and appliances, high ladder and roof work, and any serious structural alterations should be off the table for just about all of us.

A PCP is not always the best option for car finance

A PCP is not the only show on the road for car finance.

The growing popularity of PCPs (personal contract plans) has obscured the fact that there are several other viable options for financing the purchase of your car.

This applies whether it is a new or used motor.

Motorists often spend more time shopping for a car than thinking about how to finance it.

Experts say this is a mistake.

The upturn in our economic fortunes means there are now plenty of good-value motor finance deals available.

Getting a low interest rate is the key to getting a good deal.

AA Ireland advises consumers to buy in cash but if that isn’t always possible, then look around for various credit options.

“The best way to buy a car is with cash. Easy advice to give but of course most of us will need to finance the car in one way or another.

“If you need to borrow part of the amount, don’t automatically take the dealer’s finance. “It’s always worth getting alternative quotes – preferably before you start viewing cars so you know what you can afford,” says Conor Faughnan of the AA.

However, surveys have shown that up to half of drivers admit they have no idea what interest rate they are paying on their current finance package.

 

 

 

Holiday destinations that are top of the list this summer!

The Travel Expert is giving us a list of the holidays that are the top destinations for 2017:

 

Dublin airport has just celebrated it’s best ever year in 2016 and there are lots of new routes announced from Dublin, Cork and Shannon. It seems Irish airports are set for another bumper year.  So where are the top holiday destinations in 2017?

 

Spain

Portugal

Ireland’s favourite holiday destination never disappoints. Culture vultures or party animals enjoy the numerous choices for city breaks and beach holidays. Why not combine both though? The Costa Dorada looks like it could be the big winner this year. There are flights from Dublin, Shannon, Cork and Knock serving Reus, Girona or Barcelona and Sunway and Falcon Holidays both offer package deals to Salou and Cambrils. The combination of the iconic city of Barcelona and the opening of Ferrari World at the already popular Port Aventura theme park, make it an ideal choice for all the family.

 

 

Italy

Florence

beaches, Italy has something to offer all holiday makers. Lake Garda is becoming more and more popular with families as there are numerous self catering and camping options. The Amalfi Coast is always a popular honeymoon destination and the islands will attract couples looking for an upmarket holiday. Sunway have introduced a direct flight to Sardinia for 2017 which should keep the beach enthusiasts happy, and the growing trend for authentic experiences will ensure that Irish numbers to the region of Puglia should continue to grow.

 

 

USA

New york

Flights to the States have grown to unprecedented levels. New routes to from Aer Lingus to Hartford and Miami and extra flights to Los Angeles, Orlando and New York, should translate into a bumper year for Irish tourists to the USA. The addition of low cost flights with Norwegian Air from Cork to Boston and New York, as well as WOW air flights via Iceland, should ensure lots of good deals for Irish holidaymakers. San Francisco is celebrating the 50th anniversary of the iconic ‘summer of love’ with a year of events and festivals in 2017. And would you believe Elvis is dead 40 years this year… sure makes me feel old! Why not pay tribute to the ‘King of Rock and Roll’ by visiting Memphis during ‘Elvis Week’, between 11th and 19th August. See American Sky for details.

 

 

Mexico

Mexico

Mexico is one of our most popular long haul destinations. Falcon Holidays are offering direct flights from Dublin for those looking for a two week holiday in the summer months. Many choose to fly via America and combine with a city break in New York or Vegas. I think Mexico will continue to be as popular with Irish holidaymakers in 2017.

 

 

Iceland

Iceland

WOW air introduced flights to Reykjavik in 2015 which proved to be a resounding success. People chased the Northern lights and swam in the Blue Lagoon, with lots of positive reviews. So much so that WOW have decided to increase flights from Dublin and add on a service from Cork. It looks like Iceland will remain popular in 2017 for weekend breaks and as a holiday destination.

 

 

 

Cruises

Cruises

One of the fastest growing sectors in the travel industry is set for another bumper year. The competition has never been greater. Most major cruise lines have dedicated Irish websites now and many travel agents and tour operators have dedicated cruise departments. Free all inclusive drinks packages, half price kids offers and even free flights, will I am sure, entice Irish holidaymakers to cruise in 2017. New destinations like Cuba will make it easier for visitors to visit Havana without paying the increasing accommodation costs. River cruises are also proving popular for discerning clients. For those who don’t want to fly there are even cruises operating directly from Ireland in 2017.

 

 

Croatia

Croatia

For those looking for somewhere a little different but still close to home, Croatia will be a top choice. The stunning city of Dubrovnik has always been a favourite but now there are flights to Split and Pula with Aer Lingus, as well as Zadar with RyanairFalcon Holidays have also announced package holidays to Croatia and specialists Croatia Tours continue to offer a wide choice of package holidays to the region.