Tag Archives: home ownership

remodel-641708_640Making big changes to your home can be expensive. Whether you are looking at an upgrade like a bathroom remodel or you need to repair your plumbing or roof, you are looking at spending a few thousand dollars at a minimum in most cases. Chances are good that you don't have a few thousand dollars just sitting around in your bank account, and if you do, it's probably earmarked for something else. Few of us just have the money at the ready when home repairs and upgrades come calling.

Thinking ahead can help you to have a plan in place for the unexpected. No matter the timeline, a few smart strategies can help you get the money you need. Here are a few things you can do to finance your home upgrades and repairs:

Find the Best Deals and Values

The first place to start with any home repair or upgrade is to find the provider who is offering the best deal for the best quality product or service. You don't want to just focus on a low price. You could be sacrificing quality for that lower price, and you would end up spending a lot more on repairs and replacement in the future.

Instead, you want to focus on a price that is fair for the product or service you are getting. For example, if you are looking for the highest quality replacement windows New Orleans has to offer, GoBuildPro offers zero-percent financing and a lifetime guarantee. You'll get a fair price on windows without having to pay extra in financing, and you'll have the assurance of a long life span.

Build an Emergency Fund

Even with the best pricing, you may still not have enough if you haven't saved a bit of money. Not every provider offers financing, let alone financing with good terms. You need to have at least a small fund set aside in case of emergencies.

If you aren't good at saving, there are several things you can do to make it easier. Some people put aside their change after paying for something in cash. Others sign up for a program through their banks that automatically deducts a certain amount for a savings account or funnels reward payments into a savings account. Every little bit you can put aside helps. You'll be happy to have that money when disaster strikes.

Get a Home Equity Loan

If you have lived in your home for longer than a few years, you likely have a bit of equity built up that you can draw on for home repairs and upgrades. The longer you have lived in your home, the more equity you are likely to have. However, if the area where you live has seen a big real estate boom, your house may have shot up in value. The only way to know for sure is to get an appraisal.

The great benefit of a home equity loan is that once you're approved for it, it operates almost like a line of credit. You can draw on it as needed to fund repairs or upgrades, and you will pay a low interest rate in the process.

Stick to Your Maintenance

An ounce of prevention is worth a pound of cure, and that goes for home repairs also. If you are proactive and stick to your scheduled maintenance, you'll save a great deal of money down the road. It may be a pain to shell out $100 here and there for a chimney sweep or an HVAC inspection, but it's nothing compared to the thousands you may end up paying in repairs.

The money you save on repairs can also be put aside for savings for home upgrades. You can fund your dream kitchen or a new roof by just getting an annual roof inspection and other maintenance.

The high price of home repairs and upgrades can seem overwhelming, especially if you are living on a limited budget (the way most of us are). Yet these smart strategies can help you pay for just about any repair or upgrade that's needed. You just need to be a little proactive and be consistent.

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image via http://houzz.com
image via http://houzz.com

For most people, bathrooms are unfortunately overlooked in the redesign process. This important space deserves an upgrade as much as any other portion of your home, and it’s easy and often inexpensive to create a modern, practical bathroom while adding value to your home.

Here are nine ways to upgrade your bathroom on a budget:

1. Out of the Ordinary

If you’d like to go a little more out of the ordinary with your design, check out bathroom fixtures and appliances you won’t soon see anywhere else. Whether it be a unique sink or a kitschy toilet seat that will bring laughs or looks of disbelief, suit your bathroom to your personal tastes.

2. Don’t Skimp On the Walls

Don’t leave the walls bare, especially when you’ve put in so much effort to make your bathroom look and work better. If you’d prefer to avoid the hustle and bustle of a crowded shopping mall, do some one-stop shopping on a modern web store that provides all the eye-catching wall art and accessories you need to really put that finishing touch on your bathroom.

Sites like Touch of Modern offer canvas prints bound to grab attention and stylish electrical outlet cubes for all your plug needs, plus everything in between to make sure bathroom is as comfortable and modern as possible. ...continue reading

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add value to your homeHomeowners can sometimes talk themselves into spending money on their house by assuring themselves it will add value at resale time. However, it turns out that there are many improvements that do not add the value you may be banking on. To ensure you stick to projects that successfully add value to your home, check out the details below and get inspired.

Little Investment, Big Reward

The best improvements the add value to your home are the ones that pay off big time with little capital and effort. The difference may not always be that obvious to you, but adding luxury attractions does not usually boost value as much as functional changes.

In general, the more personal a home improvement is, the smaller the chance it will make a substantial difference in resale value. It’s a good idea to look for solutions that everyone can use, like improving the kitchen or bathroom vs. adding a man cave. Remember, the actual cost and payback for each project depends on real estate market values in your area, as well as your home’s overall condition.

Add Value to Your Home with Appliance Upgrade

From the kitchen and bathroom to the laundry room, energy efficiency and updated appliances seem to be more important than ever to potential buyers.

If something doesn’t match or looks old, you may be able to just add new doors or face panels. One type of door that is growing in popularity to increase home values are sliding barn doors, as they are able to change the feel of any space they are in. But if something is truly old and inefficient, you might want to consider purchasing a newer model.
...continue reading