Need more space but can not afford to spend? Have you ever dreamed of a new designer kitchen, but do not have the money to buy? Or is your boiler in a blink, but a new central heating system is too expensive? The remortgaging could be your solution. Hals to improve our homes each year, spending about $ 30 billion in the process. If you do not have the money saved, loans to finance the work at home can be expensive, increasing the size of your mortgage may be a less expensive option. Teak furniture
Instead of paying interest at a rate higher overdraft or loan you may be able to reduce its financing costs by paying interest at interest rates much lower mortgage. All you need is the salary to support a larger loan and sufficient capital increase your mortgage must be at least 5 percent less than the value of your property. By remortgaging to a lower rate may even be able to borrow more but pay less each month for your current mortgage. But remember to check that the planned improvements at home also added to the value of your home.
The home improvements are most popular followed by the double glazing, yard work, a new kitchen, new bathroom and central heating. All of these can increase the value of your home forever to pay for labor quality and an assurance that he appropriates.
Be careful of spending too much on any job. Each property has a maximum value out through a local property agent what a similar house in the street, it’s worth all the possible extras and deduct the amount of home
Spending too much is called over-improving. A $ 15,000 kitchen in a house for $ 40,000 is unlikely to add a similar amount to the total value. In order to maintain the improvements in accordance with the property.
Make sure necessary repairs are carried out prior to cosmetic improvements. Essentials such as plumbing, of course moisture, wood, wiring and central heating should be treated with the first
Opt for the improvements that are consistent with the rest of your property must be similar to the extensions that are part of the house
The properties are often worth the number of rooms, so avoid touching the walls if it means fewer rooms, and fir two doors between the rooms assessor be doing a through-lounge
showers, off street parking, central heating, a garage for winter, and loft conversions are a good investment. However, avoid swimming pools, gold taps, garages and lurid color room suites all of these could reduce the value of your home