From DIY home improvement projects to kitchen remodeling, discover helpful tips, ideas and how-tos for your next remodeling project. Some house hunters look for move-in ready properties, but buyers on HGTV’s House Hunters Renovation look for spaces they can put their own stamp on. See how they transform run-down or ordinary houses into beautiful homes. To learn more about making and paying for home improvements, check out The Essential Guide for First-Time Homeowners , by Ilona Bray and Alayna Schroeder (Nolo).
Whole-house fans are considered a “green” home improvement, which is a popular selling feature with today’s homebuyers. As the cost of electricity continues to skyrocket, green energy alternatives will only gain in popularity. There is a whole range of minor and major improvements you can make to your property from just cleaning up to structural renovations.
Interestingly, many of these additions were recently named as home improvements that would actually lose you money. Those surveyed are obviously savvy when it comes to spending money on their homes. In fact, of those asked, 28 per cent explicitly admitted to beingÂ financially motivated, wanting to make changes to add value to their property. Research by HSBC has found that a new kitchen may add at least Â£5,000 to a property’s price.
You may also get money from your council to pay for the cost of moving and the inconvenience it causes. A home equity loan isÂ a form of creditÂ where your home is used as collateral to borrow money. It’s typically used to pay for major expenses (education, medical bills, and home repairs). However, if you cannot pay back the loan, the lender could foreclose on your home.
Outdoor improvements. Your house makes a first impression quickly, so sprucing up its outdoor appearance is a smart investment. This includes siding (fiber cement tends to cost the most, but has the best return) and landscaping, particularly in the front yard. One of the best-known loans for home improvements, Fannie Mae’s HomeStyle Renovation loan ,Â allows borrowers to either buy a place that needs repairs or refinance their existing home loan to pay for improvements.