Home Improvement and Remodeling
There are no restrictions on how you use the proceeds from a cash-out refinance. You can only claim a mortgage interest tax deduction for the part you put toward home improvements, however. When you do a cash-out refinance, you get a new, larger mortgage that pays off your original mortgage, and you can use the remaining funds for your home improvement project. For bigger projects, you might want to also consider a home equity loan or personal loan. When it comes to smart home tech, items that provide security and safety consistently rank as top consumer priorities.
- As homeowners want to connect with nature more, windows, doors and wall glazing home improvements were on the rise.
- At the least, look into a multi-zone HVAC system, which ranks among buyers’ top five most-wanted technology features, the NAHB says.
- As you look around your home and wonder which updates are worth making, consider whether the project would help a buyer see your place as somewhere they want to live.
- If you’re on the internet at all, you’ve likely seen these amazing, sticky vinyl tiles.
Whether you plan to sell your home or just want to enjoy it more while you live there, it’s important to consider how you’ll pay for these value-adding projects. You can work to save the cash to pay for home improvements as you go, but there are also plenty of financing options that can help you remodel your home sooner rather than later. “One of the things that tends to date a home and potentially turn off buyers is the floor plan,” says Bill Golden, an independent real estate agent with RE/Max Metro Atlanta City side.
You don’t have to spend a lot of money to make your home more appealing to buyers. Consider these lower-cost projects that still offer a lot of bang for your buck. Whether you’re thinking of selling in the next six months or a few years down the road, remodeling with ROI in mind is a smart move. Your home is a huge financial investment, and any money you put toward it should not only increase your enjoyment of the home now but also add value that you’ll recoup when you sell. Carpentry that is in support of other work is known as structural carpentry. Use Your Home’s Equity to Better Use Your Home’s Energy Did you know you can use your home’s equity to make energy-efficient improvements that save money in the long term?
“There was a time when all new master baths had giant soaking tubs. Today, most buyers prefer a smaller tub with House & Home Improvement a bigger, nicer shower, says Golden. There are some things you can do to really help your indoor air quality.
Line your driveway with flowers to welcome your guests and cover your backyard in colors that make you smile. Comedian Alan Carr and interior design guru Michelle Ogundehin present this addictive show as ten talented designers show off their skills and flair for style to get their hands on a life-changing contract. Tune into new episodes plus watch the previous two seasons on BBC iPlayer.