Nadia Mcmillan. Home Renovation. September 22nd , 2018.
Deciding to renovate your home is a big decision, and can be an expensive one depending on the type of renovation to be done. As with many walks of life, home renovations can generally be divided into those that we need, and those that we want. In life, we need air to breathe, but we want chocolate gâteau to eat. Sure, we could choose the chocolate gâteau in favour of the air, but we'll soon start to regret it. And so it goes, albeit on a less life-critical scale, for home renovations.
Another way to finance your renovations is a personal line of credit. Many homeowners prefer this option for long-term renovations as you can access funds at any time. Moreover, regular repayments and monthly statements help you track your renovation expenses. While lines of credit usually have lower interest rates than credit cards, they may be higher than those on personal loans.
Secondly, it is important that the block of land that your house is sitting on is well suited to the house design that you have in mind. For example, if you can sit your house to take advantage of the rise and setting of the sun you will be amazed at the variation it will make. If you are in a warm climate you want the sun coming into your bedrooms and kitchen early morning and then you want to keep out the bright sun in the afternoon.
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