Diversify your digs.
When you launch a home improvement project, you can focus on improving your home’s usability, increasing its value or both. Make sure you have the right people on the job.
Do you want to update your kitchen? Enlarge a bathroom or bedroom? Create a new addition? Whatever your remodeling project, make sure you carefully define what you want to accomplish. This will help you create a clear list of tasks for your contractor to complete on the way toward a finished project that stays within budget.
Depending on the size of your project, you might be utilizing a home equity loan or line of credit for home improvements. If you haven’t chosen which, keep in mind that a loan will provide all of the money in one lump sum, as opposed to a line of credit that provides access to money you don’t have to use all at once. Also, with the line of credit, you pay interest only on the money you use, not the entire available line.
Depending on your skill set, you might be hiring a contractor, too. Choosing one requires serious consideration beyond the price he or she quotes. Is the contractor responsive to your questions? What type of workers does the contractor hire? Does the contractor have a good track record of following a project’s timeline? These are just a few important questions. Call the contractor’s references and asked detailed questions.
Hiring a high-quality, reliable contractor for your project can result in a finished product that adds significant value to your home. Depending on your goals, the right home renovation project can help you sell your home for a greater profit and position you for an upgrade. Of course, after you sell, you always can turn to Primary Residential for fixed mortgages, jumbo mortgages and more financing options.