article thumbnail

Saving Money on Renovations

Prairie Eco-Thrifter

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!

article thumbnail

Home Renovation Techniques

Prairie Eco-Thrifter

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Cash-Out Refinancing: How It Works, When To Do It

Savings Corner

You can use this money for any purpose, including home remodeling , consolidating higher-interest debt , college tuition and other financial needs. Cash-out refinance example Let’s say you still owe $100,000 on your home, and it’s currently worth $400,000. For a multifamily home, for example, you can only borrow up to 75 percent.

article thumbnail

How to Calculate Home Equity

Savings Corner

You can use your equity to renovate some rooms, pay off credit cards, cover college tuition, start your own business … or almost anything else. Before you can explore how to use this source of wealth, though, you need to know how much you have. You can find out how much your home is worth using a number of methods.

article thumbnail

Staying Organized With A Big Wardrobe And a Small Closet

Prairie Eco-Thrifter

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. Even plastic storage bins from a department store are very useful in organizing an average sized closet.

Organic 186
article thumbnail

Pros And Cons Of A Home Equity Line Of Credit (HELOC)

Savings Corner

If you qualify for the best rates, a HELOC can be a less expensive way to consolidate debt or finance a home renovation. Flexibility With a HELOC, you use the funds as you need them, then repay only what you borrowed (with interest). If you wind up needing less cash than you thought, you’ll have smaller repayments, too.

Credit 40
article thumbnail

How Much Is Homeowners Insurance? Average December 2023 Rates

Savings Corner

Loss of use , or additional living expenses coverage. How to reduce the cost of homeowners insurance Insurers use a variety of factors to set homeowners insurance rates. For example, you might pay more if you live in a neighborhood with a high crime rate or an area prone to hurricanes. Make renovations. Other structures.