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