Koupon Karen
JANUARY 9, 2024
Home renovations, as old as the structures people dwell in, continue to play a pivotal role in transforming living spaces. Beyond the apparent aesthetic and functional upgrades, home renovations profoundly influence various aspects of life, from financial considerations to psychological well-being.
Prairie Eco-Thrifter
JANUARY 29, 2013
One of the biggest questions in our minds when we are considering a house that needs renovations is “how much?”, so I’ve taken it upon myself to cost out the renovations for a new kitchen, new flooring, bathroom upgrades and painting. I don’t know if you’ve checked recently, but renovations are EXPENSIVE!
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Prairie Eco-Thrifter
JUNE 19, 2012
Every homeowner knows that renovations and home repairs are necessary to keep the home in tiptop shape. While this reality is an accepted fact, some people do not want to have large expenses when it comes to home maintenance and renovation. Here are techniques you can use to minimize your spending but still renovate your home.
Savings Corner
APRIL 4, 2024
Cash-out refinance example Let’s say you still owe $100,000 on your home, and it’s currently worth $400,000. So, for this example, that means you need to keep $80,000 in equity, leaving you with up to $220,000 in tappable equity. For a multifamily home, for example, you can only borrow up to 75 percent. There are no limitations.
Savings Corner
APRIL 4, 2024
You can use your equity to renovate some rooms, pay off credit cards, cover college tuition, start your own business … or almost anything else. Using our example above, that’s 0.8 For example, if you wanted a $30,000 home equity loan, your CLTV would come to 60.97 Home equity can be a valuable resource for homeowners.
Prairie Eco-Thrifter
JUNE 25, 2012
If you are renting, doing a big closet renovation isn’t usually possible, and they can sometimes get pretty expensive if you own a home. I try to keep my closet organized without any renovations or major changes to it. I rent and because of this, we move every couple of years anyway.
Savings Corner
APRIL 4, 2024
If you qualify for the best rates, a HELOC can be a less expensive way to consolidate debt or finance a home renovation. Possible tax-deductible interest Even after the Tax Cuts and Jobs Act of 2017, you can still deduct interest paid on a HELOC if you use the money for home renovations. This helps keep your payments manageable.
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