5 Ways To Afford Home Improvements That Aren’t An FHA Loan

Home improvements are great to add value to your property, but they can be a pain to finance. In fact, most homeowners tend to focus on personal loans or an FHA 203k loan – they can be used for refinancing and repairs instead of buying a new home – when they look for financing options. But, believe it or not, there is more than one way to finance your home improvement project without taking a personal loan. Below, you’ll find 5 ways that should do the trick for you.

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Build an eco house

#1. Let the home raise money for the improvement

If you already have a first mortgage on your home, homeequitylineof.credit can be a valuable option for you. You can draw out money as it fits and choose to pay it back when you can, as long as you keep the minimum monthly payment. You don’t even have to pay interest either until you use the money. But beware, though: If you can’t make the payment, you could end up homeless.

#2. Go green and get funded

If you decide to go green and add eco-friendly transformations to your home, you might not even have to pay for it by yourself. According to archive.epa.gov you can find funding opportunities for green buildings, including grants and tax-credits. There is a variety of national and local programs available. For an updated list, you may want to get in touch with your local authorities.

#3. Find a construction loan

Construction loans are rare and they are difficult to obtain. But this short-term loan option allows you to pay for the construction or extension work. You will need to need to make major renovations to be eligible for this kind of loan. At the end of the construction process, you will need to get the end loan, which is a loan to pay off the first loan. However, construction loans are very cumbersome in terms of application and funding, as the money is only released at specific stages of the project. Finally, if the work can’t be completed within the agreed scheduled, you might have to pay additional costs until you can move in.

#4. Borrow your 401(k)

It’s common for 401(k) programs to let you borrow from your account and pay back the loan over a number of years – generally five – via payroll deduction. However, you can only borrow up to 50% of your account balance, which limits the amount you can get. Additionally, if you leave your job or change company, you will need to repay the loan earlier. In that case, the loan becomes a withdrawal on which you owe taxes and penalties.

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#5 Reverse mortgage for 62+

If you are 62 or older, you can get a reverse mortgage on the percentage of equity that you own in your property. While a reverse mortgage is expensive, you don’t have to repay it until the home is sold or you’ve changed address.

Each way of funding your home improvements presents specific advantages and disadvantages. Unfortunately, unless you inherit a bunch load of money from a rich aunt, you will need to pick the most suitable borrowing option for your situation.

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Green Living: How to Run Your Home in a More Environmentally Friendly Way

Green living is not just for hippies. Anyone can do it, and more and more people are choosing to do it these days. You just need to change a few simple things in your living arrangements to get started. And once you start to live the green way, you’ll never look back. So, here are some ways in which you should start to run your home in a manner that’s more environmentally friendly.

Replace Bulbs with LEDs and Make Outdoor Lighting Solar-Powered

The way you use lights will have a big impact on how environmentally friendly your home is. You should do what you can to replace the bulbs in your home with LED bulbs. They last for decades, and this means that you will spend a lot less on replacing them. But most importantly, they are very energy efficient, meaning that your home will instantly become greener. They’re pretty cheap to buy, so there’s nothing stopping you from replacing all the bulbs in your home with LEDs. You should also replace the outdoor lights with lights that absorb solar energy during the day that can then be used at night.

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Buy Efficient Bathroom Fixtures

Your use of water is also a green issue, and you should address this problem directly. You will be having a massively negative impact on your home if you are currently responsible for wasting too much water. The first thing you should do is replace the fixtures in your bathroom with water efficient fixtures. These are easy to get from most mainstream bathroom retailers. You can also change your kitchen faucets to make them water efficient too. When you start to use less water, your impact on the environment will lessen. It’s another step towards a green living future.

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Update Your Backup Generator

If you have a backup generator that you sometimes have to rely on, it could be damaging the environment a lot. Most of these old generators are not particularly green. And by switching yours for a newer model, you can ensure you never waste more energy than necessary. Online generac reviews will help guide you as you search for a new and more energy efficient generator. Read as many reviews of all the potential products as you can. That way, you can get a clear picture of what the best option for you is.

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Invest in Better Home Insulation

Finally, think about the way in which you heat your home. If you have the heating on a lot, it might be because there are problems with your home insulation setup. Heat will just escape from the home immediately if the insulation you have in place is inadequate and not doing a good enough job for you. It’s a good idea to invest in better and more up to date insulation if you think this might be the case for you and your home. It’s simple and not too expensive to get insulation fitted. And then you will have to use less energy keeping your home warm.

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Get The Best Returns On Your Home Improvements!

After a number of years in a home, many people decide that they’re going to try to stay there for the rest of their lives, and will renovate just to make their home more comfortable and attractive. For many though, home improvements are all about bumping up the value of the property for a sale. If you’re in the latter group, you may be wondering which kinds of renovation are the most worthwhile. Here are a few that tend to generate the best returns…

Roofing

The roof of your home is one of the most important aspects of it as a property. If you install a completely new roof or make some extensive repairs, you’ll see an immediate rise in value. An existing roof you can refinish is perfect, as it obviously costs less to restore than to replace, and will be more likely to garner a return on your investment than a completely new roof. If you know the roof on your house has seen better days, it’s time to start looking for some good roofing companies.

Fixtures

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Over time, various rooms in a home can begin to look dated and worn-out. It may surprise you, but a large part of this is down to old, raggedy fixtures. By replacing the fixtures in your home, along with some other small tweaks like the cabinets and faucets of the kitchen, you’ll immediately be able to bump up the asking price on your home when you come to sell.

The Bathroom

The kitchen may be the heart of the home, but the bathrooms are a close second in terms of what’s important for valuation. If it’s practical for you to add a three-piece bathroom to a home that only has one other full bathroom, the market value will rise dramatically. While it’s a big mistake to sacrifice a lot of bedroom space for a bathroom, it’s usually a smart move to sneak another bathroom into any dead space in your home. Some families have even been able to install a three-piece bathroom in the space under their stairs, usually only measuring around 44 inches corner to corner. As a final tip, try getting a glass shower to make the room seem more spacious.

Income Suites

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These aren’t exactly common in most suburban homes, but income suites are one of the best ways to pile on value to your home. Build one of these somewhere in the property, and you’ll be amazed at how much the estimated value of your home can rise. Whether this is through a loft conversion, an outside room, a renovated garage, or any other area, income suites are very hot at the moment. This is because buyers will be able to use it to cover a portion of their mortgage payments, ensuring the home they buy will be cash flow positive. Real wealth that can supplement your income is a pretty attractive feature, don’t you think?

If you were unsure of what to priorities in your home renovations, hopefully these tips have pointed you towards a highly profitable improvement project.

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From House To Family Home: Preparing For A New Arrival

Most people think that getting their house ready for kids is as simple as creating a nursery. While it’s true that you will need to take some time to get your baby’s new room all ready, there are also a few other aspects of your home that you will need to sort out. All of this preparation is key in turning your house into a comfortable family home. Not sure how to get your house ready for kids? Here are some things that you will need to do before your first little bundle of joy arrives!

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Don’t Forget The Changing Station

Okay, so you new baby’s nursery is all ready! It’s got a crib, cute decor, and a good selection of toys. But have you also remembered to add a changing station in there? This small area is a dedicated place where you can change the baby’s nappies. Most parents forget about adding one to their nursery, which is unfortunate as it can quickly become the most important part of the entire room. To prepare your changing station, you can add either a changing table or mat. Make sure you have opened nappies and wipes close by at all times as well. When you are changing your baby, there will be a lot of mess and having all your cleaning materials opened and ready to go will be a godsend! So make sure you aren’t completely focused on your baby’s sleeping arrangements; you also need to change them too, remember!

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Pack The Freezer

This point is most important for the first few months of your baby, but if you remember to keep your freezer well stocked while you have children, it can really help you out when you have little time to prepare meals! Be sure to pack your freezer with lots of portions of meals such as lasagnes and stews. That way, you can simply take out as many portions as you need for dinner, defrost them, and reheat. You will have little time to prepare freshly home-cooked meals once the baby arrives, but stocking your freezer can help you stick to a healthy diet and not have to rely on ready meals all the time!

Create A Child-Friendly Garden

When you are trying to make your house into a family friendly home, it is also important to head out into the garden and make sure that it is safe for children. One of the main things to do is to make sure there are no poisonous plants out there. Young children will be exploring every inch of the garden once they are able to walk. To make sure they don’t put anything poisonous in their mouth while your back is turned, de-weed your garden and only add safe plants. If there are any water features or ponds in your garden, you should cover these with a net so that your kids won’t fall into them. It is also a good idea to dig up any hard flooring, such as stone patios or wooden decking. These could be dangerous if your kids are running around on them, so it’s worth replacing them with soft lawn. If your kids fall over on a lawn, they won’t hurt themselves quite so much!

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Safeguard Your Kitchen

Imagine momentarily leaving your toddler in the kitchen for a brief minute and returning to find they’ve emptied out all the lower-level cupboards and spread cereal all over the floor. This may sound like a complete nightmare, but it very often turns into reality. I’m sure that most parents have had to clean up after their kids have made a major mess in their kitchen! Thankfully, there is one way you can prevent this from happening. You just need to make sure your kitchen is fully childproof. And one of the best ways of doing so is equipping all the cupboards and drawers that are within reach with childproof locks. You can find these in most baby stores as well as online.

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Rid Your Home Of Pests

All parents want their home to be as clean as possible. A clean house is one that is free from any germs and bad bacteria that can cause various infections and illnesses. There is one main sign that your house may not be quite as clean as you want it to be. And that is if there are signs of pests or vermin living on the property. For example, if you find some rat or mouse droppings somewhere in your house, you might have a vermin problem that you need to deal with. Similarly, you could find signs in your kitchen of an ant infestation. Don’t panic if you think you do have some unwelcome housemates living with you; you can always call in a pest exterminator. You can find the contact details of your nearest exterminator online on their website.

Find More Storage Space

Think you and your partner already have a lot of things? Well, you can expect that to almost double once the baby arrives! Even though your baby will be tiny, they will need a lot of things! Most parents buy lots of clothes in various sizes. This is because babies grow so quickly, so it is very useful having plenty of spare clothes ready for them to wear once they grow. Because of this, you will need to have a lot of storage in your house for your kids. You can, of course, add lots of cupboards and chests of drawers to the nursery. But it is also a good idea adding some storage elsewhere. For instance, you could invest in beds that have drawers in the base. If you need to buy some more furniture for storage, you can always find it fairly cheaply on sites such as eBay and Craigslist.

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Add Some Color

These days, most of the big interior styles and trends are all about very chic decor choices. For instance, the most popular color shades at the minute are cool silvers and bright creams. These sure do look great, but they aren’t exactly the most child-friendly colors. Once you have kids in your house, you will want it to be as bright as possible for them, and the best way of doing that is adding some color to your decor. You can still do this with a stylish interior design that is based on silvers and creams, though. You just need to add colorful pieces of furniture and artwork. These great injections of color will really help to make your house feel like a cozy family home!

Smooth Your Edges

One of the main causes of accidents around the home for children is sharp edges and corners. You will find that toddlers will walk around without really looking where they are going, and could end up knocking into the edges of tables and shelves. If these edges are particularly straight, they could end up feeling very sharp. To make sure your kids don’t hurt themselves too much, it could be worth smoothing the edges slightly with some sandpaper. Alternatively, you could always treat yourself to some new, round-edged furniture!

As you can see, getting your house ready for the arrival of children requires quite a bit of work on your part. But it will all be very worth it in the end! It will help your home feel a lot more comfortable than it once was, and you and your family will be very happy indeed! So what are you waiting for?

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