Home Repair Archive

Should You Renovate or Move?

Mortgage 14If it has been a while since you purchased your home, you may now be feeling that a change is necessary. What are the options available for you?

You could sell the house and buy a new one in a new location. But that would mean leaving your friends and your childrens friends and the neighborhood you have lived in for so many years. Another option for you is to do some renovations or additions to your home. Make it look new, or a tad bit different. However, the question that comes to mind is how will you pay for it and how much will it cost?

For those considering such a project, there are many renovation home loan options available. These type of loans are given based on the value of your house and come at a very low interest rate. It is not that difficult to have a home improvement loan approved by the bank as they will use the property as collateral.

However, before you endeavour on such a large project make sure you get some things in order first. You must make a list of things you want to do. Whether you Mortgage 15want to add a few more rooms to the house, convert your attic to a bedroom or the basement to a family room go into detail. Write down the material you will need. Discuss with the contractor and ask him to give you a detailed quotation for the complete job. It is always good to estimate high as when undertaking such a job there are always unexpected issues that pop up.

After you have done all this then you can file an application with a bank for a loan. But how would you know your bank will give you a good deal? Well, normally interest rates are low for such loans, but you can get the best deal in town if you consult a mortgage adviser. A mortgage adviser has contacts with many banks, and he can shop through them t find you the best deal that would suit your requirement.

Doing a renovation and adding something new to your house will make you feel as if you are in a different house altogether.

Avoiding Home Repair Rip Offs

home-improvements1In the current economy, more people are keeping their houses rather than attempting to sell them.

While doing so, they are making the most of the opportunity to do some house repair service as well as enhancement, no doubt hoping that it will certainly benefit them in the future when the house market reverses around.

Naturally there are consistently those who would certainly seek to earn a profit from someone else’s bad luck, as well as there is an entire market of con man that has actually grown up around the home repair work market. Numerous of these scams are fairly convincing in the beginning, however in the long run are just made to part you from your money.

Below are my top five residence repair rip-offs:

The Leaking Roofing. Who amongst us hasn’t had a person knock on our door and also offer to have our roof replaced in order to prevent more severe issue to our residence? The removal and replacement of roof tiles commonly sets you back $5000 or more, with deck substitute (the wood base beneath the tiles) including thousands more. Remember that roof covering shingles are created to last 15 to Two Decade. You need to simply think about replacing your roofing system if you have a great deal of roof shingles missing or of granular product residue from roof shingles is building up in your gutters. As for the deck, complete replacement is seldom called for. Mending the
ruined part is generally flawlessly sufficient.

home-repairs-McDonoughWaterproofing The Basement. This is the insane first coz to The Leaky Roofing system, where somebody tells you that in order to stop your basement water problems that you will certainly need to dig out your entire structure as well as have it waterproofed, generally costing somewhere between $5000 as well as $15000. In fact, a lot of basement water remedies are much easier as well as cheaper.

Termites. The ubiquitous termite letter is a necessity of any sort of real estate purchase. Sadly, way too many folks acquire into the myth concerning termites managing to literally damage a residence, makings it open season for scammer that will certainly make use of such false information to bilk folks outside of $3000 or even more. Don’t just take anyone’s word for it. You property isn’t really going to collapse. Make the effort to research and employ a neighborhood, qualified bug control company, preferably one that will give you a five year guarantee.