Home Improvement

Improving Your Current Home

Renovating your existing home can be an exciting and satisfying event. As many have long pointed out, the urge to fix up one’s home is ancient and fundamentally human. Here is a useful roadmap to help you initiate this process.

Project types.
The most popular remodeling projects involve improvements to kitchens, bathrooms, home offices and family living spaces. Recent studies show that kitchen and bathroom improvements typically yield the highest returns on investment. Click here for more on this topic.

Some repairs are necessary because of normal wear and tear or because damage has taken place. Mortgage bankers are keenly aware of the costs associated with these repairs and will work with you to ensure that these changes are made.

Cosmetic Changes.
Often all that is needed to beautify your living space are a few cosmetic changes. Whether the cost of these changes is $500 or $5000, your community bank will find a home improvement product that meets your financing needs.

Calculating the Costs of Remodeling.
Itemize contractor fees, building permit fees, labor, tools, materials (lumber, flooring, tile, cabinets, paint and insulation), decorative enhancements and unanticipated costs associated with upgrades. Talk with your community bank about these costs and an appropriate loan.

Financing Your Project.
Before you consult your community bank, order a credit report and review your credit history for the past two years. You should also collect paycheck receipts and tax returns. Click here for an overview of your financing options.

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