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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.

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Should You Invest In Renovations Or Purchase A New Home?

Prairie Eco-Thrifter

At one point or another, every homeowner eventually decides they want to either add something to their home, or renovate it one way or another. But if your family might very well move out in five to ten years anyway, then the question becomes a different one altogether: should you renovate or simply get a new home right off the bat?

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Why You Need a Home Ownership Binder

Family Balance Sheet

When something needs replaced, repaired, or updated you will know who to call and where to go. We have lived in our home for almost 15 years and have done many improvements, renovations, and repairs over the years. Had I just called a random repair company, we would have also paid for a new unit. HVAC repair.

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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. Lenders consider it when approving you for a mortgage or other home-based financing. Another way to preserve your equity: Keep up with home maintenance and repairs.

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HELOC Vs Home Equity Loan: How Do They Work?

Savings Corner

Key takeaways Home equity loans and HELOCs are both financing tools that allow you to borrow against your ownership stake in your home. Both act as second mortgages, using your home as collateral, and may offer tax deductions if the funds are used for substantial repairs or upgrades. Home equity loan: What is it?

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How our Debt Freedom Plan Prepared Us for the Pandemic

Family Balance Sheet

For many households, their finances and budgets are in limbo. My family’s finances have also been affected. As the Family Office Manager , I handle the day-to-day finances for our family and I needed a way to communicate our finances to my husband. Everything changed. I still use my spreadsheet to this day!

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What Is A Home Equity Loan?

Savings Corner

Home equity loans are best used for five-figure renovation or repair projects — which can garner you a tax deduction on their interest — or to consolidate other debts. Tax advantages: You could be eligible for a tax deduction if you use the loan proceeds to substantially improve or repair the home. to 10 percent.

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