Home Renovation Basics

Home Renovation Basics

Disclaimer: The information provided in this blog is not meant to be professional advice. If your home is either already paid off or mostly so, you can save money by financing your renovations either through a second mortgage or a home equity line of credit. An early repayment charge may be payable if you repay all or part of your mortgage within the first two years.

Mike Rogers: Leakers Must ‘Close their Yaps’ Call it a home(land security) renovation. Getting funding for your renovation in advance can help you work out how much you have to spend, so you can stick to your budget. Install smart metering and control systems when rewiring (see Smart meters, displays and appliances; Home automation).renovationrenovationrenovation

Because the total amount of the loan or credit line is based on the value of your home at present, you can avoid having to provide documentation and ongoing progress reports about your renovations. The appraisers take into consideration the amount of renovation done as this increases a property’s value.

By also applying the advice in Your Home about energy and water efficiency, environmentally preferred constructions systems and materials, you add value to your home and reduce its impact on the environment and the future generations who will live in it (see Energy; Water; Materials).

You can only do this by informing the authorities about your planned renovation and showing them some of the changes you are planning to do with your property. Over time, the weather and tornadoes can take its toll on your home, and when it does, you can count on the experts at Arrow Renovation.

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