Posts Tagged ‘Budget’

Upgrade your Kitchen on the Cheap, Gain Value

Thursday, January 22nd, 2009

shutterstock_22513579There are many ways to increase the value of a home. One that you don?t want to overlook as a homeowner is the kitchen. A simple remodeling project can help to increase the overall value of your home, and if you are selling, it can give you the best chance at achieving success. While many people think that upgrading a kitchen is an expensive project this is not always the case.

The way you decide to upgrade your kitchen depends on what you currently have in place. To go along with this, upgrades must be based on your budget as well. For instance, you may want to hang new cabinets. This is a great way to upgrade your space and effectively increase the value of your home, but at the same time you need to consider all of your options. Are you going to buy basic, pre-made cabinets from a large hardware store? Or will you spend the extra money on custom cabinets?

One of the best ways to upgrade your kitchen without spending a lot of money is to do the work on your own. Do you know how to hang cabinets? Can you lay new flooring? Even if you don?t have experience you can learn as you go along if you have the right tools and a little bit of guidance from a professional handbook or video.

To increase the value of your home you should consider upgrading your kitchen. Believe it or not, you don?t have to spend an extraordinary amount of money to make your kitchen a more enjoyable and valuable space.

How Much Home Can You Afford to Buy?

Monday, June 2nd, 2008

Victorian House
Creative Commons License photo credit: roarofthefour

Many people are interested in buying a home right now while housing prices across the nation are low. However, they have learned their lessons from the problems of the recent past and definitely want to make sure that any home they do buy is a home that they can actually afford. It’s obviously important to figure out what you can realistically afford to pay for a home so that buying a home doesn’t get you in to big financial trouble. Unfortunately this type of important assessment isn’t actually that easy for the average person to figure out. Following you’ll learn about the different things that you need to look at when you are trying to determine how much home you can afford to buy. (more…)

Hybrid Cars Could Help Housing Market

Wednesday, April 16th, 2008


Creative Commons License credit: Burning Image

An interesting article over at Bigger Pockets recently drew a connection between the increasing cost of gas and the faltering housing economy. In short, it pointed out that as more and more of your money goes to the gas tank, you have less money to invest in real estate property (and to pay the mortgages on already-purchased homes). The author also noted that the cost of housing construction is on the rise as a direct result of the fact that building companies have to spend more money on gas when transporting materials and laborers to job sites.

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REX vs. Reverse Mortgage

Monday, March 31st, 2008


Creative Commons License credit: EverySpoon

There is a new loan option available to people which is being advertised as an alternative to the reverse mortgage loan. It is called the REX loan. The main difference between the two loans is in the ownership of the home. With the reverse mortgage, you remain the owner of your home but you use home equity to receive income payments. With REX, you essentially enter into a partnership that says you will split the proceeds of any future home sale with the company that has partnered with you.

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