A Cash-Out Refinance For Quarantine Projects

We’re all stuck inside right now.  If you’re looking around the house and
deciding that there are parts of it that you want to change, there’s really
never been a better time to get it done. 
Do-it-yourself projects abound in this situation.  The best way to fund these efforts is with a
Cash-Out Refinance.

Word of caution: all of these projects assume you have a
basic level of competence and can perform the tasks described.  These are not all going to be for weekend
carpenters.

If you’ve always wanted to re-do your floors, you’re not going to have a time when people are walking on them less or that people that don’t live there will pop by and see your home in disrepair.  This is the time to tear up that carpet from the ’80s and replace it with some beautiful varnished hardwood.  Even though this isn’t a one-day project, it’s still something that you can do yourself if you’re motivated.

If you’re aching to add a bathroom or bedroom, go for
it!  Using a Cash-Out Refinance to pay
for all of the materials can help you increase the value of your home, and at
the same time, make it the home you’re not upset to wait out the quarantine
in.  Just make sure that you’re going to
finish this project – a half-remodeled bathroom or partially installed bedroom
can kill your home’s value.

It’s also a time to clean. 
If you own a power-washer, go to town on your fenced and siding, or
clean the grossness off of your patio or deck. 

When planning your budget, remember – nothing costs what you
think it will.  Home improvement
projects, no matter how well-planned, can balloon after the initial planning
phases.  Make sure you don’t start right
up against your budget.

Don’t forget to leave some budget room for these SNAFU’s:

• The project outgrows your original plan. If you have to tear down walls, you could have a bigger project than you planned on if any of the walls you want to remove are load-bearing. If you’re going to knock down walls, hire an architect or professional to examine the home before you start.  Don’t ruin your home with a lack of planning.
• You find poorly done previous work. Not everyone is cut out for DIY projects.  You can find anything from poorly poured concrete to jury-rigged wiring in your walls and home.  While this can help you, in the long run, making your home safer and more valuable, it can stretch your home improvement budget to fix these other mistakes.
• You bought appliances that don’t fit the home. When you buy a fridge or sink or bathtub, there are factors to consider.  Does it fit in the space provided?  Will it work with your current plumbing/wiring/gas setup?  If you don’t take these into consideration, you could end up with more work and expense than you planned on just to make the new appliances work.

Right now, with mortgage rates at all-time lows, it’s the
time to refinance your home.

Call The Home Loan Expert Team in St. Louis
at (314) 781-9700, Chicago
at (773) 770-4727, Indianapolis
at (317) 550-1515, andNashville
at (615) 810-8555.  You can always apply online with our 5-Minute
Loan Approval at hero.loan
for your VA Loan, and www.thehomeloanexpert.com
for your other mortgage needs, and we’re also open on Saturdays and will come
to you to help close your loan. We work hard to make it easy on you. 
Nobody gets lower rates on better loans than The Home Loan Expert, Ryan Kelley,
why go anywhere else?

Original Article Posted at : https://thehomeloanexpert.com/a-cash-out-refinance-for-quarantine-projects/