"> 411 Home Repair
 

411homerepair.com

Latest Articles

How To Choose The Right Water System For Your Home

Choosing the right water system for the home requires some careful thought. There are several different types of hot water systems to choose from,...

on Jan 12, 2017

Working with a Builder you can Trust

Buying a new build can be quite an investment. It's imperative to choose the right builder from the start by finding a reputable, trustworthy...

on Jan 12, 2017

Double Glazed Windows Cost | Is It Worth It?

A century ago, windows were a single pane of glass that struggled to block drafts and heat transfer. Then architects in the 1920s and ‘30s...

on Jan 10, 2017

5 Creative Ways to Organise Your Office

We all know the struggle of having of messy office and an even messier desk. We just never seem to have the time to clean and organize everything...

on Jan 6, 2017

5 Tips to Dust Your Home Efficiently

Absolutely everyone likes a clean house. A house with just a bit too much grime and gross stuff hanging around isn’t going to be impressing any of...

on Jan 6, 2017

Find the Money to Remodel Your Home

by Jane Brown on Apr 18, 2016

Remodeling a home is one of the things that many people never budget for. They feel like they'll do a step here and there along the way without ever needing a major overhaul.

 

And they may start out exactly that way. But at some point, they begin to delay things. It's too inconvenient to paint these rooms right now, and why replace the carpet before spring? A lack of money can be to blame as well.

 

Whatever the reason for the delays, it ends up as a snowballing neglect that finally comes to a head when several different projects are no longer luxuries but necessities. At that point, the total price tag is so large that it will take some form of financing to pull off.

 

While there are lots of ways that families go about coming up with the money for a renovation, many would benefit by first looking into a reverse mortgage. This tool is a great way to free up money for home renovations or other needs.

 

Although a reverse mortgage isn't a loan, it is a financial asset that you still want to use wisely. If this ends up being your choice for how to cover the cost of an upgraded home, use this simple review process to help you make the most of it.

 

Get The Right Contractor At The Right Price

 

When there's something we only buy every 20 years, how much do we really know about what it should cost? There aren't daily reports on how much a home renovation should cost, and you can't walk into a store to do a comparison.

 

But you do need to talk to a lot of different reputable contractors and find out what they say. The process of selecting a contractor is far more complicated than simply spotting an advertisement and hiring the first one you call.

 

The impact of a bad choice can be seen in two different ways. First, you may spend a lot more money than you planned to, which will either increase your payment or decrease your project. And second, you may have problems down the road like leaky windows, electrical shorts, wrinkled carpet, and so forth. Fixing all of these will add to an already-steep bill.

 

Maximize The Existing Value of Your Home

 

You may have built or bought your home 30 years ago, and at that time you got an appraisal of its value. Since then, that figure has changed due to inflation, neighborhood changes, and changes in the condition of your home.

 

The process of completing a reverse mortgage will require you to get a new appraisal. Because of the likely growth in value, you may be pleased at the result, especially if you haven't heard a value for your home in years. 

 

But there are some things you can do to further increase the value of your home, a great tool as you enter the reverse mortgage process and in case you ever consider selling the home later. These can be as simple as planting a few trees or replacing a leaky downspout. Whatever it is, you can rest assured that the investment will more than pay for itself.

 

Prioritize Projects

 

One of the first things we do when planning a renovation is to dream big. It's natural. We want to address every little functional and aesthetic issue we have with the home, figuring we can be satisfied with everything in one fell swoop.

 

But not everything you want to do is something you should do. Some things return very little in value; they cost more than they benefit. Others may not end up as all they're cracked up to be. You may think a garden tub sounds great until it takes half the night to fill it. Still, other things may not line up as nicely with some of the things you've already done, and you may see a big picture that isn't quite what you expected.

 

What's important is to have some flexibility in the steps you take and in how much you spend. If you are happy with your current floor coverings after you repaint the walls, leave them alone. If they clash, paint. Take it in steps and make sure you can keep up with the total impact.

 

Renovation is exciting and makes a good investment. A reverse mortgage can be an excellent way to pay for it. Just use it wisely in order to maximize the positive financial outcomes for your family.

Author

JaneBrown

Jane Brown

Most Recent Articles

Sponsored Articles

Random Articles

How You Can Make Your Home Look Elegant without Spending the Big Bucks

You may not realize it but decorating your home can be a much more difficult task than you might want to let on, not to mention thoroughly...

Interior Design / Decor

Getting Rid of Carpet Stains

The mess on your carpet is not a pretty sight. But the good news is that most carpet stains can be removed with the right tools, using the right...

Floors / Tile / Hardwood

3 Tips to Help You Organize Your Kitchen

Having a well-organized kitchen is one of the keys to success these days. This is because the kitchen acts as a center to most of the activities in...

Kitchen / Bathrooms

Additional Maintenance Necessary for Tile Roofs

When you have your tile roof cleaned you may want to consider taking some extra steps which can prevent a very tragic outcome. Often times moss,...

Roofing / Gutters

How to Repair Vertical and Venetian Blinds

Vertical and Venetian blinds are the two most popular kinds of blinds that are used for home decorating. Vertical blinds have vertical slats that...

Windows / Siding

Actions

Contact Us | Submit Article | RSS | 411homerepair © 2017