In most cases, you’ll need to leave some money in the home to refinance. Assume you can only refinance 80% of the value of the home. That means $40,000 stays in the home, and you take out $25,000, minus closing costs, in cash.
- Alternatively, you may want to consider a home improvement loan.
- “The process is simple,” says Mike McAllister, owner of Riverside Kitchen Center in Mount Vernon, Washington.
- Tim Allen even picked out a specific car model to have ordered and placed on the set.
- In fact, when it comes to the garden, adding value is often a case of simply tidying up and perhaps putting down some turf.
- Buyers have certain expectations, and that includes getting a house that has been well maintained and is safe and livable.
It’s better to be safe than sorry, which surely applies to your home security! If you want to add more safety features to your home but can’t seem to follow through, make it one of your top priorities in the new year. One of the easiest projects you can do is give your front door a fresh coat of paint.
Installing hardwood flooring can make a dramatic improvement to any room in your home! Installing the hardwood is not that difficult but does require a couple of specialty tools to do the job right. Most importantly you need an air compressor and hose as well as a flooring nailer/stapler. Just about anyone who has older hardwood floors in their home or has discovered they have them under their carpet has thought about refinishing them. It is true you could hire someone to do this task, but if you have ever gotten it priced out you were probably surprised by the cost. In the bathrooms of many of our homes that are Pre-1980’s you will probably have a plugin in the wall with a large front cover and a small single plugin the middle.
Home Improvement Projects to Tackle in 2022
Refinancing is a low-interest way to get tax-free cash for remodeling your kitchen, finishing your basement or anything you choose. Get free, objective, performance-based recommendations for top real estate agents in your area. Unless you’re a structural engineer, you’ll want to consult with a professional to confirm the wall you’re removing is indeed non-load-bearing.
A new shower head, toilet seat and taps will spruce up your bathroom without breaking the bank. New grouting can also be relatively cheap depending on the size of your bathroom. You should also replace carpets with vinyl or tiles as they’re easier to clean.
The Amount You Borrow Depends On Your Equity
Replace vinyl siding that is cracked or broken, paint exterior trim and window shutters and fix any sidewalks that are chipped or pitted. When it comes to projects that will give you a great return when you sell your home, look no further than a minor bathroom remodel. Give your bathroom vanity a makeover, replace the toilet and faucet if needed, update the shower head for a better shower experience and re-caulk the bathroom tub. If two tests give a high reading, consult a radon mitigation contractor . These contractors can professionally test the house and install a mitigation system for reducing radon to a harmless level. The most effective system is a vent pipe placed in the sump pit or a hole made under your concrete floor slab.