Month: January 2019

6 Easy Ways To Finance Your Dream Home Improvement Projects

Every homeowner would love to improve their home every once in a while not only to maintain and add appeal to it but even to add home value. However, not everyone has enough budget to finance a home improvement project. Thankfully, there are lots of option to choose from.

The following are 6 financing alternatives that can help you pay for your home improvement projects.

Cash Payments

Saving up enough cash takes time and patience. However, it is easier to set and stay within a budget if you know you’re going to pay with cash. With the right attitude, you can dodge extra fees that come with debts in financing your home’s renovation.

Credit Card

Your trusty old credit card can cover for your renovations when you have no money to finance it. Such payment option comes with interest fees that are usually higher than mortgages. If you miss or pay late, you can lose lots of cash. But, if you’re after rewards or credit points and you’re confident you can pay for your bill at the end of the project, then credit cards may come in handy to achieve your goal.

Good read: The Pros and Cons of Credit Cards

Personal Loan

If you’re not comfortable with putting your home as collateral, then personal loans are a great financing alternative when improving your house. It takes five to seven years to pay for a personal loan, and interest rates are usually higher than home equity loans. This is perfect for homeowners with good credit scores but doesn’t have enough equity to qualify for Home Equity Loans.

Home Equity Loan

If you want to fund home improvement projects by tapping into your equity, then a Home equity loan is one way to do it. You’ll receive a lump sum of money that you can pay for it within 15 to 30 years. These are some Texas Home Equity Loan Rules to follow if you want to make the most out of your home equity.

  • Understand Home Equity tax rules
  • Compare pros and cons before settling on a lender
  • Only use your home equity for good reasons
  • Make sure to only borrow less than 80% of your home’s value
  • Plan a payback wisely

Home Equity Line of Credit

When it comes to HELOCs, your lender will deposit the funds on your account that you can withdraw anytime you need to use it. Like a home equity loan, you can borrow up to 80% of your home’s equity. When it is time to pay back the loan, monthly payments are usually higher since it will only last for 15 years and already comes with more principal fees.

Mortgage Refinance

For homeowners who used a home loan to finance a home purchase, you can lower your monthly payments and rate with the help of a mortgage refinance. After your lender is done appraising your home, the remainder will be the amount you can cash out to use for home improvement. It would be …

Giving your radiator a new lease of life

When you spend time redecorating your home you can find that the skirting boards, ceiling and even the column radiators in your property start to look a bit tired and in need of a bit of a freshen up themselves. Painting all of these areas is fairly easy but there are a few things that you should consider when painting column radiators or another other type of radiator in your property.

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The first thing that you should ensure you do before commencing painting is to turn your radiator off. This may seem like the most obvious thing to do but it can be easy to forget the timings that you have set for your heating, only to find the radiator warming up mid coat of paint. You want your radiator to be completely cold before you attempt to start painting it. This is partly due to the obvious safety issues but also because the paint will not take properly if the radiator is warm.

You should open the windows in the immediate area of the radiator and clear away any furniture items as well as giving the radiator and the surrounding area a quick hoover and clean to make sure that you remove and dust and debris that can become caught in the paint. Placing a splash cover or ground sheet underneath the radiator will help to protect your carpet and flooring from paint splashes and drips that inevitably occur. If you don’t have a ground cover some old sheets will work just as well.

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Radiators tend to pick up lot of dirt an even grease so your next step should always be to give the surface a good clean with a wet cloth and some washing up liquid or other detergent. After the radiator has fully dried you can start to and the surface down. By lightly sanding the surface you provide a rough area for the paint to adhere to. If you skip this step you can find that once dried, your paint peels off or drips into small pools. Giving yourself an even surface to paint onto will help to ensure that you have a smooth finish once you have painted. Once you have finished sanding you shod once again wipe the radiator down and hoover the area to remove any small particles.

Now you are ready to prime the radiator. To do this you should purchase either a specialist radiator primer or a standard metal primer will work just as well. After applying a full coat of primer, you should allow this to dry fully before moving onto the paint. You have now reached the final stage and can add your paint to the radiator. Again, this could be radiator or metal paint. Once the paint has dried fully you can stand back and admire your handy wok.…