Are You Looking for a Home Improvement Loan?
Jeffrey Nelson
Most homeowners at some point borrow money to upgrade their
houses. They usually do it by refinancing their current mortgage.
We’ll help you get the right loan for your needs, but we also
want to help you make sure you aren’t wasting your efforts and
your money. Although improvements are wonderful for the current
owners, they usually are also looking toward future resale value.
That means you don’t want to make decorative or practicality
mistakes, or you might as well just burn your hard-earned cash.
Many of us are artistic and want to make a strong statement in
each room. That’s fine when we plan to stay in the house, but
when you’re planning on selling, you need to play it a bit more
conservative. As much as you love them, avoid bold colors in
designs in places that aren’t easy to change. In other words,
it’s okay to paint because walls and doors can be painted over
fairly easily. If you put in fancy floor tiles and countertops,
you may just lose a potential sale down the road. These areas are
more expensive to redo and buyers will have subtler homes to
choose from. You can have beautiful amenities, just keep them in
more neutral tones.
Another thing to do when you refinance for home improvements is
to take the style of your house into consideration. If you have a
large spacious home, trying to make it look like a cottage will
just come off as silly. Frilly window treatments and folksy wall-
paper probably won’t appeal to someone looking at your house.
Most large homes are airy and sophisticated. Cottage décor looks
much better in a smaller cottage-like home. In other words, keep
the upgrades consistent with the basic style or they may turn
into downgrades.
Bathrooms are another area where the right remodel will pay off
for you. It’s all about spas these days, so if you can, make at
least the master bath large with a soaking or whirlpool tub,
double sinks, and a walk-in shower, and a closed toilet area. You
don’t have to borrow a fortune to make these changes. Statistics
show that spending about $10,000 is more profitable than going
above that. Shop your favorite home stores carefully and you’ll
hit the right balance.
Another tip regarding a home-improvement loan is to tour some
really upscale houses. Take advantage of home shows and open
houses. This doesn’t mean that you have to borrow a fortune, but
you’ll get a good look at future trends. Upscale homes tend to
have more futuristic themes.
We’ll give you the advantage of our expertise and experience when
you discuss borrowing for upgrades with us. We don’t want to see
you waste money on frivolity when it isn’t necessary. We do want
you to use your loan in ways that will ultimately prove
profitable for you.
Go to
http://www.phoenix-arizona-home-mortgage.com and get a free
copy of Jeff Nelson's, "7 Tips to Avoiding the Biggest Mortgage
Mistakes," a 10-page report that describes the mistakes to avoid
when purchasing your new home in Phoenix, Arizona.
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