Monthly Archives: January 2019

Remodeling the Do-It-Yourself Way

Remodeling the Do-It-Yourself Way

Home improvement is one of the better ways not only to make significant changes to your home, but it may be just the way to get the whole family involved. For example, consider for a moment whether or not hiring home remodeling professionals is truly the way to go. When your wife can be guiding each of the members of your family what to do and your children could be helping you install carpet in the house, there is plenty that can be done as do-it-yourself projects rather than relying on home remodeling professionals. Even though hiring professionals is truly always the way to make sure that everything is done quickly, efficiently, and more expensive, do-it-yourself projects can give you and the other members of your family those feelings of pride and unity that every family seems to need.

If you are determined to make the home remodeling projects a family affair then, you may be wondering what projects you can use as a family project. Indeed, there are actually thousands of ways that the whole family can get involved with home remodeling, but here are some of the more useful and creative projects that can be done the do-it-yourself way:

Home Remodeling Suggestion #1: Remodeling the Bathroom

Even though the bathroom may seem like an odd place to start, this is actually one of the better rooms to start remodeling. For example, you don’t need a plumber or a home remodeling contractor in order to install a toilet. Toilets that can be purchased nowadays usually have simple installation instructions with them. Many homeowners may be surprised to think that the toilet in their bathroom needs updated, but this is one of the areas in which many people hardly ever remodel.

So putting a toilet in the bathroom is your first choice. On the other hand, constructing new cabinets for your house is another good way to remodel. Your son or daughter could easily help you with this project and the whole family can get involved with bathroom remodeling!

Home Remodeling Suggestion #2: Changing the Bedrooms

Since the whole family wants to be involved with remodeling the house, there is certainly no better place to start then everyone’s own bedroom. There are many things that can be done to add uniqueness to each person’s bedroom. For example, an entertainment center that is built into the wall, along with surround sound, can be added to one bedroom. For another bedroom there could be a closet that’s easily built in. All in all, though, there is no doubt that remodeling everyone’s bedroom will certainly make the whole family seem involved!

When considering that home remodeling professionals could be charging thousands of dollars to complete projects as simple as those listed above, there is no reason why these home remodeling projects cannot be made as do-it-yourself projects. These home renovations will not only add a special touch to your home, but your whole family will feel proud that they helped!

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Home Improvement Is The Best Investment You Can Make. Here’s Some Tips That Will Help You Improve Your Home.

Owning your own home is a great experience, but it is not without its responsibilities. Every house requires maintenance and beyond that, every house can benefit from home improvements. You need not be afraid of doing your own work on your home. With a few quick hints like the ones below, you can attack home improvement work with confidence.

Exterior lighting will give you peace of mind at night, and add beauty to your landscaping. Consider motion sensor lighting, as this will reduce the amount of energy used when the outdoors are not occupied, and can also frighten away unwanted animals or even prowlers. Install the lights in strategic places, such as the exact area visible to you from a window, and the path from your vehicle to the front door.

Before starting any home improvement job you should make sure you have all of the necessary tools available. A missing tool can hold up a project. The effect of such delays can range from minor annoyance all the way up to serious expenses. Many home improvement projects (pouring concrete, for example) can be ruined if you lack the right tools at a critical point.

Dirty ceiling vents can make your home look bad. You can purchase and install new ceiling vents, giving your home a cleaner and neater look.

Let your neighbors know about any home improvements you’ll be undertaking that might affect them. If you warn them about noise, possible damage to their land, or the fact that big trucks will be coming through, they’ll appreciate the heads up. Many home renovations are marred by angry neighbors interfering.

Add everything you can think of to your budget. Unexpected expenses can quickly add up and one slight mistake can throw your whole budget off track. Prevent this by planning for anything that could go wrong and you will find yourself much better equipped to deal with sudden changes, such as if the original flooring you chose is sold out.

If you are renovating the exterior of your home, don’t neglect the garage door. In many homes, the garage door is the biggest single architecture feature of a home as it is viewed from the street. A new garage door or even just a coat of paint on the old door, can really make a difference.

Consider converting unused rooms in your house. Before you spend too much money adding an extra room or two to your home, seriously look at what you have to work with. Are you getting much use out of that exercise room or office? Even storage spaces like attics can be transformed into something useful, like a bedroom.

Little tips like these can keep the home improvement process painless and keep homeowners from getting frustrated. Working on your house should be an enjoyable and rewarding experience; educating yourself on the subject will ensure that this is the case. When you have the proper information ahead of time, even the most complex home improvement project can be a snap.

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100% Home Mortgage Refinance – Choose A Lender Online

100% Home Mortgage Refinance – Choose A Lender Online

100% home mortgage refinance frees up your money for other purchases, like a second home, renovations, or debt consolidation. To get the best deal on your cash out refi, look online for your next lender. By evaluating loan quotes that you can get in minutes, you can save thousands with just a couple hours of research.

Better Mortgage Lenders Online

If you like low rates and fees, then you will find your best lenders online. Technology and competition has pushed down refinancing costs, saving you money.

Online financing companies also give free personalized loan estimates, so you have real numbers to make your refi decision. Requesting quotes is also a good way to “test-run” a company to make sure they deliver on prompt customer service.

Items To Check Before You Sign

Interest rates should be at the top of your list when researching lenders. But also take a look at closing and miscellaneous fees. On average, your refinancing closing costs equal no more than 3% of your principal. But for 100% refinancing, you may have to pay more, especially if you have poor credit. Early payment fees should also be dropped, in case you decide to move or refinance again.

The APR will give you a picture of the total cost of the loan. There are cases when a higher rate loan might actually save you money though. For example, if you plan to move in a couple of years, you may get a bigger savings by not forking out thousands at closing, even with the higher rate. For these types of situations, you need to use your calculator to determine which is the best option for you.

Commit When You Are Ready

When you have found the right loan package, commit to it as soon as possible to lock in rates. Your application can be completed online in about ten minutes with final paperwork arriving in the mail in a couple of days. Once your contract is complete and received by your lenders, your money can be wired to the appropriate accounts. From start to end it takes about 10 business days.

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Extended Stay Hotels Guide- Get All About Extended Stay Hotels

Extended Stay Hotels Guide- Get All About Extended Stay Hotels

ESH, an Extended stay hotel is an advanced feature that is generally not available at standard hotels. It is a type of accommodation that offers home-like facilities. These hotels offer great laundry facilities and some discounts for extended stays. Extended stay hotels have guestrooms with kitchens included sink, refrigerator, microwave oven and a stovetop. Sometimes they offer dishwashers and conventional ovens. Extended stay hotels offer hotel stay for more than seven days.
Extended stay hotels satisfy the needs of temporary housing. Generally these are better options for business travelers. Extended stay hotels are also known as budget hotels because they offer all facilities at reasonable prices. Several hotels and motels offer special concession for extended stay. Extended stay hotels have rapid expansion in extended stay lodging market. ESH is currently offering 670 properties with about 73,000 rooms that serve nearly all US metropolitan areas.
Extended stay hotels are like hotel-type accommodations that provide well-furnished apartments. These are superb due to corporate relocations, extended work assignments, or extensive home renovations. The extended stay hotels are also known as corporate housing. The apartments of extended stay hotels are usually well furnished. They provide several useful amenities like kitchens, utensils, linens and others. Staying in extended hotels is cheaper than normal hotels.
Basic question about extended stay in hotels is that from where a person can find information about furnished apartments. People can find information regarding extended say hotels in the local newspaper. The owners of extended stay property usually provide complete information in the newspaper or via media. Some advertisers can advertise their product online. People can also contact them by making a phone call.
You can search for extended stay property by mentioning the city as well as area, where you want to rent an apartment, on Internet. Currently several websites are providing information as well as best offers and discounts for extended stay in hotels. Actually extended stay hotels offers a great place to live outside your home. It is a type of comfortable and affordable temporary housing. These can easily satisfy your temporary housing needs.

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The Facts About Second Mortgages

The Facts About Second Mortgages

Your home: It’s probably your biggest asset. Having a home to back you up when you need a loan is one of the greatest advantages of home ownership. In recent years, there has been a major increase in the amount of people looking to use their homes as a way to get access to extra money when they need it most. One of the best ways to do this is through a second mortgage.
A second mortgage is exactly what it says it is – a loan made in addition to your first mortgage, and it’s based on the amount of equity you have built into your home. Many people use them to fund home renovations, to pay off credit cards, or to put a child through college. Since you’ve already been through the process once, the underwriting required to get a second mortgage is much simpler than it was the first time around, and the cost of the transactions involved will be significantly lower. This usually makes up for the fact that interest rates on the second mortgage are a bit higher than they were on the first one.
On a second mortgage, you will borrow a fixed sum of money against your home equity, and pay it back over a specified amount of time. The amount you borrow will be combined with the amount you still owe on your first mortgage.
It all sounds pretty simple. There are just a few things to keep in mind. First of all, don’t take out a second mortgage on your home unless you’ve built up a fair amount of equity in the property already- that is, made payments on the original mortgage balance for a good amount of time. You may still be able to get a second mortgage if you don’t have much equity, but your rates will be so much higher, and the amount you can borrow so much lower, that it will essentially be a waste of your time and money. This is one of those things that is worth waiting for.
Also, look into the other options of borrowing against the equity of your home, including a home equity loan and a home equity line of credit. All of these options allow you to borrow against your equity, but there are slight variations among them that mean one of the three may be the best option for you. It will depend, for the most part, on your particular financial standing, the amount of money you need to borrow, and the amount of home equity you currently have.

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Siding With Your Neighbors

Siding With Your Neighbors

House siding is a very important decision to be made when building a new home or reconditioning an older home. Very careful consideration should be taken when choosing the right siding for your home. There are many types of siding available to the home owner today. Products range from vinyl siding, aluminum siding, cedar siding, stone siding, log siding, brick siding, and stucco siding just to mention a few. Many factors need to be considered before choosing the right siding for your home.

The style of your home is of course a major factor on choosing a proper siding. You certainly would not want to apply log siding to a Victorian home, or cedar siding to a Mediterranean style home. Do some research on your style of home to see what type of siding best suits your needs.

Hopefully your home is compatible with other homes in the neighborhood. So you will want to choose a siding that blends with the rest of the homes in your neighborhood. You will find that making friends will be easier if you are not a distraction or a detriment to property values. In other words, a pink and purple house may not be welcomed in some neighborhoods. Try to enhance the entire neighborhood with your choice of siding.

Now personal preference should also be considered, but that should have started with choosing the type of home that you purchased in the first place. Another huge factor is one’s budget. Perhaps brick siding is not within your budget, but vinyl siding is. Then choose a vinyl siding that will blend well with the neighboring homes. If you so wish to attempt the project yourself to save installation expenses, there are books available on how to install vinyl siding. If that is not an option, then a reputable siding contractor is the way to go.

Many historical neighborhoods have zoning committees that have to approve any home building or home renovations. If your home is in such a neighborhood, then you should consult with the committee first before proceeding with any selection of your own.

If there are no zoning regulations in the neighborhood regulating the color of your home or the type of siding allowed, it still may be a good idea to consult with your neighbors. This will not only be a good way to make friends, but they may have some very good ideas that you never considered. Just remember, you are going to be a part of the neighborhood and are going to be living with these people.

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Ideas for Simple Kitchen Makeovers

Ideas for Simple Kitchen Makeovers

Spring has finally sprung, and many of us are eager to get our home renovations underway. With so many project options available to the average homeowner, it is often difficult to determine the most cost effective home improvements. This is especially difficult for people that are trying to ready their homes for sale.

One of the simplest and most cost-effective home improvement projects is the kitchen makeover. American families spend a lot of time in the kitchen, and those shopping for a new home place a lot of emphasis on kitchen design. If you are keen on updating your kitchen, whether for your family or for a potential buyer, the following tips can help immensely.

There is no need to replace your kitchen cabinets, if they are constructed from real wood. Most people love the idea of natural wood cabinets so instead of replacing them, why not consider updating them? Changing the hardware is a simple way to give your kitchen cabinets an updated look. There are countless styles and designs available, and most of them can be had at extremely fair prices.

Adding a fresh coat of paint can do wonders for the appearance of your cabinets. It is simple enough to remove the cabinet doors and repaint them. Be sure to clean them properly beforehand. A light sanding will also help ensure that the new paint adheres properly. There are so many colors of paint to choose from. Consider using one of the antique finishes that have become so popular in recent times.

A quality countertop is another viable option for upgrading the appearance of your kitchen. A marble or granite countertop may seem like an expensive upgrade, but if you are selling your home this simple upgrade could close the deal for you. If you are not in a position to consider marble or granite, ceramic tile is the next best choice. The wonderful thing about using tile for a countertop is the freedom that you have with the design. Mosaic tiles have never been so popular, so don’t forget to let your artistic side run wild.

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Mastering the Mortgages Maze

Mastering the Mortgages Maze

So…you’re about to buy a property and need a mortgage…
Where do you begin?
Whether you are a first home buyer, have bought and sold several times, are re-financing, seeking an equity loan, or even a reverse motgage – there are a lot of thing to consider…
Do you choose fixed rate, variable rate, adjustable rate – or interest only.
Rates, fees, costs – can all vary.
Let’s have a look at the differences:
Fixed Interest Rate – usually fixed for the life of the mortgage, say 15-30 years, regardless of increases or decreases in market rates. This type of mortgage is ideal for those on a budget – as you always know what your repayments are.
Adjustable (Variable) Interest Rate – this type of mortgage allows the interest rate to be adjusted according to the current market rates -usually adjusted at the end of pre-determined periods. These tend to have lower monthly payments and are more flexible than fixed.
Balloon Mortgage – this is fixed amount payments for a period of time and then one large payment (balloon) towards the end of the term.
Graduated Payment Mortgage – this is where the payments start off small and gradually increase.
Interest Only – this type of mortgage is usually only for a specified time – where interest only is paid – so the principal is not reducing. Usually only used for a short time, or to finance a second property.
Second Mortgage – this is based on the amount of equity you have in your home. Usually used for home renovation, to consolidate debt or to purchase a second property. Usually set payments at a fixed interest rate. Be aware that interest rates are usually higher.
Home Equity Mortgage – this is borrowing against the equity in your home. It is often used to finance home renovations. Interest rates can vary, as can the fees and term – it is a very competitive market – so do your homework. This loan can have tax advantages – however, your home is up as collateral.
Reverse Mortgage – also known as ‘equity release’. This is for seniors to convert the equity in their home to cash. Repayments are not required until they permanently move, sell, die or reach the end on the loan term.

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Helping Lift the Home Loans Haze

Helping Lift the Home Loans Haze

So…you’re about to buy a property and need a home loan…
Where do you begin?
Whether you are a first home buyer, have bought and sold several times, are re-financing, seeking an equity loan, or even a reverse motgage – there are a lot of thing to consider…
Do you choose fixed rate, variable rate, adjustable rate – or interest only.
Rates, fees, costs – can all vary.
Let’s have a look at the differences:
Fixed Interest Rate – usually fixed for the life of the home loan, say 15-30 years, regardless of increases or decreases in market rates. This type of home loan is ideal for those on a budget – as you always know what your repayments are.
Adjustable (Variable) Interest Rate – this type of home loan allows the interest rate to be adjusted according to the current market rates -usually adjusted at the end of pre-determined periods. These tend to have lower monthly payments and are more flexible than fixed.
Balloon Home Loan – this is fixed amount payments for a period of time and then one large payment (balloon) towards the end of the term.
Graduated Payment Home Loan – this is where the payments start off small and gradually increase.
Interest Only – this type of home loan is usually only for a specified time – where interest only is paid – so the principal is not reducing. Usually only used for a short time, or to finance a second property.
Second Mortgage – this is based on the amount of equity you have in your home. Usually used for home renovation, to consolidate debt or to purchase a second property. Usually set payments at a fixed interest rate. Be aware that interest rates are usually higher.
Home Equity Home Loan – this is borrowing against the equity in your home. It is often used to finance home renovations. Interest rates can vary, as can the fees and term – it is a very competitive market – so do your homework. This loan can have tax advantages – however, your home is up as collateral.
Reverse Mortgage – also known as ‘equity release’. This is for seniors to convert the equity in their home to cash. Repayments are not required until they permanently move, sell, die or reach the end on the loan term.

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Can I Use The Equity In My Home To Get A Loan?

Can I Use The Equity In My Home To Get A Loan?

The ‘equity’ in your home refers to the amount you have left to repay on a mortgage subtracted from the current market value of your home and for some homeowners, this can add up to a considerable sum if they’ve been repaying their mortgage for quite some time or have completed mortgage repayments and own their home outright. This sum of money is, in effect, ‘locked in’ to your home and a home equity release loan allows you to tap into that sum of cash to fund any purpose.

The crucial thing to bear in mind, however, is that this method of securing cash is not for everybody and careful consideration needs to be taken as you could be putting your home at risk if you’re unsure as to what it involves.

Reasons for taking out a home equity loan can vary but quite often they are used to raise finance for things like extensive home improvement projects or major home renovations which, ultimately, will add significant value to your home anyway and which might possibly even work out to your financial gain in the long term over the cost of the loan.

Then there are other scenarios where, perhaps, an elderly person or couple with a low income may need to raise cash to fund their monthly expenses. They may have fully paid off their mortgage and have no children to consider when it comes to any inheritance issues or they may have children but may not be looking to pass on any of their assets after they’ve died. In these cases too, home equity release might present them with their best option. After all, they’ve worked hard to buy their home in the first place and have now paid it off. Therefore, as an asset it has a significant monetary value but it is tied up in their home’s value. This is typical of the scenario of “cash rich on paper but cash poor on a day to day basis”.

It cannot be emphasised too strongly, however, that a home equity loan isn’t for everyone and you should seek professional advice if you are considering opting to go down this route.

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