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Tag: home remodel

Best Home Renovation Ideas to Tackle This Holiday Season

With the holidays right around the corner, many homeowners are beginning to prepare to host a variety of different gatherings throughout the holiday season. One of the most important factors of a successful holiday gathering is an efficient and welcoming kitchen. Here are a few kitchen renovation ideas to optimize your home for holiday events this season.

Open-Concept Kitchen

Kitchens come in all sizes from not-so-big to huge and creating an open-concept kitchen with a large island can draw people in and provide lots of space for entertaining, not to mention extra space for storage.

Double Oven

Adding a double oven to your kitchen can help you ensure that things run smoothly, which can be especially helpful when cooking and baking for family and guests. If you’re planning on hosting Thanksgiving this year, leveraging the power of a double oven is an excellent means of making sure everything is prepared according to schedule.


Cleaning up after a holiday gathering in your home can be a pain but investing in a dishwasher can help mitigate the inevitable aftermath of entertaining friends and family throughout the holiday season. If you don’t have a dishwasher or your current one is getting old, now’s the perfect time to switch out your appliance for a newer model that will better suit your needs.

Refrigerator Upgrade

In addition to holding all of the perishable ingredients you’ll use to cook and bake during the holidays, your refrigerator will be storing the leftovers, as well as the edible gifts you receive from family and friends.

As a result, you may realize that the current refrigerator has reached its very limited capacity. Upgrading to a larger refrigerator will allow you to store all of your holiday leftovers and still have space for your family’s everyday staples. With the extra room, it will be much easier to store some of the common holiday items such as turkeys, pies, cakes, and dishes made in large bowls or trays, that tend to dominate the fridge during this time of year.

Install Cabinet Dividers

One of the easier home improvement projects you can tackle before the holidays is installing dividers in all of your kitchen cabinets and drawers. This will help you keep all elements of your kitchen organized throughout the season as you open your home to family and friends.

New Table

Your kitchen or dining table will be an asset during the holidays, so now’s the ideal time to create a cozy space for your family and friends to gather. If you have a family or plan to host a large event, investing in a larger table is a great way to encourage socializing.

Contact us to begin your home renovation project this holiday season

How to Finance Your Home Remodel Project

Home remodel financingRemodeling your home is easier said than done – particularly when it comes to financing. Between remodel loans, private home loans, and special mortgages, you might not know where to start.

Luckily, help is available for homeowners who want to proceed with a home remodel project. Below is a brief overview of some financing options:

Mainstream Mortgages

Banks and credit unions offer mainstream mortgages for home remodeling, renovation, and improvement projects. These mortgage agreements use your home as collateral. Homeowners will pay a deductible on the loan interest, just as they would for any other mortgage. Renovation mortgages, however, come with the added protection of Federal Housing Administration (FHA) insurance.

Fannie Mae and Freddie Mac are corporations that Congress has set up for the same purpose. To qualify for these “second” mortgages, you will need good credit, as well as money for a down payment. The Fannie Mae HomeStyle Renovation loan is one of the most popular for home improvements.

Home Equity Loan

A home equity loan is a type of mortgage that has the same tax breaks as a mainstream mortgage plan, but it doesn’t come with the closing costs. Homeowners can pay for their renovations over the course of 15 to 30 years, typically with a fixed interest rate. The interest rates for a home equity loan, however, tend to be higher than a conventional second mortgage.

Home Equity Line of Credit

A home equity line of credit (HELOC) is another popular option. A HELOC gives a homeowner a spending limit from which he/she can borrow. Then, the lender only charges interest on the amount the homeowner actually borrows. Homeowners can later borrow more, as time passes during a renovation. Some HELOCs have minimum withdrawal amounts while others do not. Interest rates for this type of loan are adjustable. Most HELOC agreements come with 8 to 10-year repayment plans.

FHA 203k

For those who are looking to purchase or refinance a home in need of renovations or repairs, 203k insured loans offer a unique solution aimed to save time and money. By allowing projected construction costs to be added to a home loan, buyers are able to secure a loan for a home that might otherwise be rejected, due to its condition, and simplify both the process and the loan itself into a single mortgage, avoiding the higher interest rates and balloon payments that usually accompany improvement loans.

Additionally, those who are refinancing their homes are able to complete necessary rehabilitation’s with this option. These loans also protect lenders by allowing them to insure the property based on future value, as opposed to current condition.

Talk to your bank or credit union to explore all of your options for your home remodel financing!

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