Home Renovation. Sunday , September 23rd , 2018 - 23:38:48 PM
Credit cards are a common source of funding for renovation projects because they are easily accessible and the funding is available immediately. For small projects, or minor costs, credit cards may be an appropriate choice but you should be careful to consider your interest rate as many major credit cards come with annual rates in excess of 17%.
That said, there are always house buyers who will not do the proper ground work, so the required maintenance renovations are missed when the home is purchased. The seller, if they knew about the issue (as they often do), has gambled and "gotten away with one", and the buyer has foolishly taken on someone else's problems for the sake of the cost of a structural survey. A note to potential buyers: always, always, get a full structural survey done unless you are an expert yourself in such matters because the short-term additional cost will be far less painful than finding significant issues and having to deal with the associated heart-ache (and anger) after the purchase is complete.
A timeline is also important in home renovations. It is important to go over this with your contractor and get in writing a plan of attack. It is important that each step is broke down into a time frame so that you and the contractor can work together to make sure progress stays on track.
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