Proper
Planning is Important
Careful planning
of your home improvement projects will enable you to update
your home, increase the value of your investment and customize
your living space-all for a lot less than the cost of a new
home, so you need to think your project through from start to finish.
Think ahead and determine
your future needs. What repairs are needed?
What improvements would you like to make? Look over your property carefully.
Stanton Construction can help you by outlining options and discussing the improvements
you can make within your budget.
You may want to review your homeowner's insurance policy and make
adjustments for the added value of the work being done.
Many
financing plans are available to homeowners. Recently the
most popular is the equity line of credit which bases the loan
amount on the equity in your home.
The Federal Housing Administration (FHA) has loans specifically
for home improvements. They are available through many banks
and lending institutions. The FHA, however, requires the contractor
be approved by the lender. The FHA does not guarantee the contractor's
work.
Some institutions will allow you to borrow against the anticipated
equity in your home once your remodeling project is complete.
Research various sources of
funding to compare individual qualification guidelines, interest
rates, terms and tax considerations.
Consider
both Design and Function
When planning a larger, more complicated project give thought
to details such as: where you want electrical outlets, telephone
jacks and cable hook-ups located, the type of lighting
required,
your current and future storage needs, and whether you want
to include luxury items. These details will enable your home
improvement to better suit your needs and your lifestyle.
Both design and function should be taken into account if you're
thinking of adding a room or converting on existing room.
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