Getting Help With Home Improvement Costs

Get expert decorating ideas, watch H&H TV, see inside celebrity homes, find how-to tips, DIY projects, small spaces and kitchen makeovers. No sugar coating here: The housing market is in trouble. But some experts say that it will start turning around as early as 2010. So while you’re waiting for it to recover, you might want to reconsider putting off that kitchen redo or landscaping job. Any changes you make on your house now should increase your home value later,” says Kermit Baker, project director for the Remodeling Futures program at Harvard University. But which projects will yield the most bang for your buck? Take a look at this list, starting with the upgrades most likely to recoup your investment, and then enjoy that gleaming new kitchen.

Adding attic insulation remains at the top of the list on a national average with a 107 percent cost recoup. It’s the only project that recoups the cost and adds to the resale value. The cost of installing loose fill fiberglass insulation has risen by 5.9 in the past year. Insulating an attic will also save money on energy costs. Replacing old windows – especially with double glazed units – should more than pay for itself – providing the replacements are of good quality and in keeping with the house. If you are changing windows in a period property keep in the same style and don’t use modern uPVC in any house that would originally have wooden windows. It’s a price killer.

A 1980’s kitchen seems to symbolise the style of the decade – lots of visual clashes! If you are planning to renovate the kitchen as well, opt for a simpler colour palette and stainless steel appliances as part of your kitchen improvements. Kitchen storage has also become smarter too – while basic cupboards and drawers might have satisfied the 80’s chef, today’s gourmet kitchens feature smarter storage solutions to accommodate specific appliances and gadgets – it’s best to as your Design Consultant how you can achieve this in your renovation.

It’s a formula you see played out on home renovation reality shows over and over again: An owner has a long list of must-haves (which can quickly add up) and a very tight budget. Yet, somehow, the remodeling team is able to deliver the home of their dreams. Before you dial up your contractor demanding prices that aren’t realistic for the scope of work you want done or your location, know that the project budgets you see on TV are just that – made for TV.

Zopa surveyed 1,550 UK homeowners who had recently taken out a home improvement loan. With either option, you’re pledging your home as collateral , meaning if you don’t make your payments, the lender will end up owning your house. Alternatively, you can take out an unsecured personal loan to avoid putting up your home as collateral. Another way to finance your home renovation is by taking out a home equity loan , also known as a second mortgage. This is a one-time loan, so it’s not subject to fluctuating interest rates, and monthly payments remain the same for the loan term.