Showing posts with label DIY. Show all posts
Showing posts with label DIY. Show all posts

Thursday, February 1, 2018

3 Ways a Mortgage Beats Renting for Aspiring DIY’ers



If your urge to undo and improve is strong enough, you might be able to put that energy to positive use by owning your home instead of renting. Besides the satisfaction you get from doing-it-yourself, you will probably come out financially ahead.

You Don’t Need Permission


Renters must have permission from their landlords or property managers to make changes to the home, even for the smallest improvements. They may balk at letting tenants paint, change faucets, replace faucets, or even have carpets cleaned.

Unless there’s a homeowner association involved, homeowners have complete control over their property. If they want brightly colored walls or flooring, the choice is theirs. They can remodel to the extent their budgets and abilities allow, something that few, if any, landlords will allow.

The two major issues that keep landlords from allowing tenant changes include skepticism about the tenant’s qualifications as a do-it-yourselfer and the budget. Even without the labor included, even the simplest home remodeling projects cost money.


Homeowners Can Borrow the Money


The first step in buying a home is to meet with the lender will calculate the monthly payment based on the down payment and interest rate. Mortgage payments are almost always lower than monthly rent rates. The interest rates for primary home loans are usually the lowest available for any kind of borrowing.




Home values appreciate over time and you can turn the equity into a home equity line of credit (HELOC) to fund other home improvement projects that will add value. HELOCs also carry lower interest rates than other kinds of consumer loans, especially compared to credit card interest rates.

Home Improvements Add Value


By putting your do-it-yourself skills to good use, you add value to a property. How much depends on the project and the demand for the improvement. Few projects return 100 percent of the retail cost, but when you contribute the labor, you will realize a net gain.

People who flip houses make substantial amounts of money improving homes and reselling them when finished. When going this route, research which improvements are in demand in your area. Giving home buyers what they want will enhance the value of your work and possibly speed the sale.

Anyone who enjoys home improvement projects and has the do-it-yourself skills to make the work profitable has the advantage as a homeowner. For them, a mortgage is definitely better than a rent payment.


Saturday, January 13, 2018

6 DIY Kitchen Projects to Get the Most Bang for Your Buck



Sure kitchen remodels can be pricey, but there are tons of tips and tricks to remodel your home without breaking the bank. It’s important to first figure out your budget and overall vision for your kitchen. 

Whatever your kitchen remodel budget may be, there’s a project for you. So whether you’re a new homeowner or a current owner just looking to spruce things up, these six DIY remodel projects will give you a high-end kitchen without the high-end price.

Staining Cabinets


A great way to give your kitchen a budget-friendly upgrade is to start with the cabinets. Instead of fully replacing your cabinets, staining or even painting your cabinets will do the trick. 

If you want to keep your wood cabinets looking brand new, perhaps staining (or re-staining) your cabinets yourself is the way to go. Or if you’re looking for a more modern twist, a fresh coat of white paint can give your kitchen a fresh, clean look. In addition to a face-lift, you may want to give your cabinets some love from the inside out too. 




Adding rolling drawers, shelves, stacking containers and jars are a cheap way to organize your cabinets and optimize your kitchen space.

A Fresh Paint Job


In addition to your cabinets, you may want to go ahead and give your whole kitchen a fresh coat of paint. Colors like grey, blue, yellow and green are popular since they are considered neutral colors — they are welcoming and match with a diverse range of themes and kitchen decor.


Backsplash


A stylish kitchen backsplash is a fun way to give your kitchen a new look without much effort. There are tons of backsplash options ranging from tile or stone to glass and ceramic that fit your style and remodeling budget. 

In fact, backsplash tiles can be found for less than $5 per square foot that can be mixed with stone or glass pieces for a classy look for cheap.

New Decor


Another great way to give your kitchen an easy facelift is to purchase some new kitchen decor. Sounds easy right? That’s because it is! 

Thrift stores and consignment shops can provide inexpensive and beautiful finds like cool art pieces or kitchenware at a fraction of the price of brand new items.

Add Lighting


Having the right lighting can make or break the ambiance of a room. Adding under cabinet lighting to your kitchen is a simple way to add an elegant touch and provide adequate lighting. 

You can find tap lights or LED lights at your local hardware store and don’t have to go through the hassle (and cost) of hiring someone to install or wire electrical for you.

Build an Island


Building a kitchen island is an easy way to add counter and seating space without doing a full kitchen remodel. You can can build your own island with old cabinets or wood and even add wheels for easy movement. Rolling kitchen islands are a great way to really optimize your kitchen space.

Whatever your style and budget may be, these six tips with help you design a classy-looking kitchen without burning a hole through your wallet. 

And remember renovating your home is not just another expense, it’s a investment. Investing in renovating your kitchen now can add style and value to your home in the future.



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