Home improvement: Boost value of your house with these renovations
According to property insurance company Hippo Insurance, the inflation rate in the United States — currently at 8.5 percent — is causing homeowners to delay big projects like renovations and improvements. In fact, Hippo’s data shows that 43 percent of homeowners delayed projects, and 60 percent are not as comfortable about these projects as they used to be, thanks to rising prices. For many people, it’s the way they take care of their home and bond as a family. The home improvement mindset is enjoyable and often cited as therapeutic.
- If you’re searching for the perfect rug, but can’t find your dream design, don’t despair.
- What we found is that most people are going to rely on themselves or family members.
- For example, did you let your then-11-year-old daughter paint her bedroom hot pink 16 years ago?
- See my post about 7 ways to add light to your home– there are several tips and tricks to add light to your home beyond new fixtures that can help breathe new life.
- Simple and straightforward design updates help to stage your home for sale and come with relatively small price tags.
Moreover, you could start small by focusing on a single room. Whatever it may be, investing in your home’s lighting will make a noticeable difference in style. As an added bonus, you can also look for energy-efficient lighting options and save money on your future utility bills.
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.
If the improvements have added value then there may also be an improvement in the LTV which should, in turn, improve the mortgage options. Lenders will ask the reason for raising capital but should allow equity to be released – i.e. additional borrowing on your mortgage – for the purpose of home improvements. It’s important to factor in any switching costs as well but many deals will offer a free valuation and free legal work for remortgages, which helps to cut set up fees. TV shows about makeovers, fix-ups, and general improvements done to people or buildings, are a secret passion for quite a lot of us.
Tackle a full house clean with our room-by-room cleaning checklist. One of the first home improvement shows to hit airwaves, “This Old House” began airing on PBS way back in 1979. Hosted by Bob Vila, Steve Thomas, and Kevin O’Connor, the series follows the remodel of a house — typically in the New England area — over the course of several episodes.
Should You Refinance to Pay for Home Improvements?
A ceiling fan will help you save money by not running the air-conditioner on those days when all you need is air movement. To keep your family comfortable and energy costs low, set your fan to spin counterclockwise in the summer and clockwise in the winter. The clockwise motion in the winter makes cool air rise House & Home Improvement and redistributes warm air. High-spending homeowners, particularly in cities known for their pristine weather, are the ones embarking on these projects the most. “Homeowners living close to the beach in South Florida, or with beautiful views in New York City, want to take in as much of the outdoors as possible.
All applicants are required to possess ownership of the land, and it must be a land issued by the Ministry. Amy Cutmore is Editor-in-Chief, Homes Audience, working across the Future Homes portfolio. She works on titles including Ideal Home, Homes & Gardens, Livingetc, Real Homes, Gardeningetc, Top Ten Reviews and Country Life.
Guides + Tips
Will you have enough room to brush your teeth or put in your contacts? Dimmer switches quickly give your dining room the atmosphere of a swank restaurant. You can use fluorescent lights or special dimmable LED bulbs.