Archive for March, 2014

Financing for Home Improvement, Remodeling & Renovation

Financing for Home Improvement, Remodeling & Renovation can come in many different forms depending on a few fundamental things. For starters, you need to have an approximate idea of how much the entire project is going to cost. Then you need to take into consideration your credit rating, how much equity you may have in the house and just how much of your own money you have in hand. That being said, there are those of us who would rather not use the money we have saved up for Financing our Home Improvement, Remodeling & Renovation, in that case, these are the other options that may be available to you:

1. Home Equity Loan
This is where you borrow against the value of your house less the equity (amount of existing mortgage). You use your house as collateral and the amount borrowed as well as the interest rates are all fixed. This is particularly beneficial if you intend for the remodeling to be a one time affair. Furthermore, the interest paid on this sort of loan is tax deductible.

2. Your Credit card
Almost every homeowner has a credit card. If your remodelling or renovation is not going to cost too much, hopefully anywhere under a few thousand dollars, then you can simply put it all on your credit card. Although credit cards have a high interest rate, you will not have to pay any closing costs or loan fees. Be sure to only use this option if you are able to pay it off in a few months.

3. Your 401K
There are some 401K’s that allow you to borrow money that is to be used in your home remodeling or renovation. Here, the interest rates are usually very low and there are no fees to be paid. Best of all, you are pre-qualified for the loan. It is, however, advised against because should you leave your job, then you will be vulnerable to high penalty fees. Besides, you are eating into your retirement funds.

4. Unsecured Personal Loans
Long gone are the days when only banks could offer you unsecured personal loans. Nowadays, there are quite a number of private organizations that can do this. All you have to do is talk to your mortgage broker and they will have a list of all the borrowing facilities available to you. You need to be very alert as to the terms and conditions for most of these facilities may charge very high interest rates.

Whatever your financing choice is, be sure to read all the fine print. Hidden fees and clauses can be very costly.

Spring Cleaning Tips for Your Home

Spring has just arrived, and your house is practically begging you to clean and eventually give it a makeover with nice home improvement or remodel project. This cleaning session is going to be in-depth and very radical, so you definitely need some tips on how to perform this entire process properly. Check out the following tips and your house will certainly be shinning again.

  • Wash the windows – Washing your windows is one of the most important steps you have to go through. Make sure you do not choose a sunny day to perform this task, as the sun will only dry out the cleaning solution and will leave streaks.
  • Clean overlooked surfaces – Generally, you overlook surfaces like door frames, baseboards and walls. But this time, you have to give them a good scrub-down. Use a sponge along with a solution made from a few drops of dishwashing liquid combined with warm water to wash them.
  • Deep-clean carpets – Your carpets might be rapidly damaged if you do not clean them from time to time. Make sure to opt for a professional cleaning service every 12 months, to make sure that it will not get deteriorated and all dirt will be entirely cleaned.
  • Remove carpet stains – If you have pets or children that stain your carpet on a regular basis, then you should make sure to remove the stains during the spring cleaning process. You can do that with simple water or a professional cleaning solution.
  • Clean under furniture – One very important place you should consider is under your furniture and other appliances. Move the furniture, roll up the rugs and vacuum the floor, then wash it with a floor solution to give them shine.
  • Dust light fixtures – Microfiber cloths will work extraordinarily well for cleaning your light fixtures, and vinegar can do miracles for all the dust on the bulbs. Make sure your hands are perfectly dry and the bulb is cool, to prevent any potential damage.
  • Organize your stuff – Spring cleaning is just the right time to get organized and get rid of any item you do not need anymore. Get boxes and containers to organize toys, garage items and other things you do not need otherwise.
  • Perform a safety inspection – When you perform your spring cleaning, make sure to check the carbon monoxide and smoke detectors. Moreover, if you do not have a fire extinguisher already, then get one and store it in your kitchen.
  • House washing – If you have a pressure washer, you can wash the exterior of your house or hire someone to do it.
  • Exterior paint – Your house can go through a makeover to complete the cleaning process. Opt for a color that will refresh your home’s exterior, and be sure to do everything accurately, as an exterior job lasts for at least 10 years on average.
  • Outdoor furniture – Finish this cleaning process through cleaning and decorating your patio or deck with outdoor furniture. You can opt for whatever furniture pieces seem best, and make sure to use spray enamel to prevent it from getting damaged.
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