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Remodeling 101: How to Create a Proper Budget for Any Renovation, Large or Small

November 18, 2015 by Kay Monigold

Remodeling 101: How to Create a Proper Budget for Any Renovation, Large or SmallWhether you’re readying to put your home on the market or you haven’t updated your space in a while and want to modernize, approaching renovations can be a struggle. With so many things to fix up, both large and small, it can seem overwhelming to prioritize, set the money aside and get to work. If you’re having trouble figuring out where to begin with budget, here are some tips for how to properly prioritize so you can maximize your renovation expenditures.

Determine What Is Most Important

Whether it’s the tile floor in your bathroom or the outdated kitchen sink, if the need for an upgrade in a certain part of your home has been staring you in the face for a while, you’ll want to begin there. By determining your first priority and the no-frills cost assessment of completing it, you can arrive at the cost of what renovating the item will mean. Once you’re in the ballpark, you can then move on to any additional features or accessories that may perk up your basic renovation.

Add A Little Extra To The Budget

The downside of any budget is that costs will always come along that were not predicted, and they can entirely break the bank and your original projections. Instead of hoping for the best, add some extra money to the outline of total expenses for your renovation so you can be prepared for some of the hiccups that will come along. This will ensure that you have the financial wherewithal to complete the renovation and won’t be disappointed in the final outcome for your finances.

Consider Where You Can Cutback

Whether you’ve been dreaming of a new living room set for a while or replacing the flooring in the kitchen, you can update the area of your choice while still economizing in other ways. For example, if you’re going for modern eclectic in your living room, you may want to splurge on an updated couch, but you may be able to save by purchasing a retro coffee table online or a unique side chair that’s secondhand to go along with it. This may provide a unique upgrade, without all the expense of in-store purchases.

It can be hard to know where to begin when it comes to revamping your house, but it’s important to start with what you really can’t live without and move outward from there. If you’re curious about home renovations and how they can improve the market value of your home, you may want to contact your trusted mortgage professional for refinancing options that will work for your situation.

Filed Under: Around The Home Tagged With: Around The Home, Homeowner Tips, Upgrades and Renovations

Looking for an Eco-friendly Upgrade? Try These Easy Ways to Save Water Around the Home

October 9, 2015 by Kay Monigold

Looking for an Eco-friendly Upgrade? Try These Easy Ways to Save Water Around the HomeWith the impact we have on our environment becoming a matter of greater concern, it’s becoming more important for the average citizen to know they’re doing their part. While there are many simple tricks for saving water that will make you feel better about your environmental footprint, here are a few easy upgrades that will make that saving a little more automatic.

Consider a Cistern Device

With outhouses a thing of the past, flushing the toilet has become one of the ways in which household water is being overused the most, but flushing less simply isn’t a viable option. Instead of wasting water in this way, purchase a displacement device and place it in your toilet’s cistern. Without you having to do anything at all, it will instantly reduce the volume of water that is used with each flush.

Learn to Work a Water Meter

It’s ideal to help the environment by saving water, but it’s even better if you can save yourself money at the same time. If you happen to be among those who pay for their water, installing a water meter will enable you to take a closer look at where your water use is going, and can assist you in helping to trim down this expense.

Drain It From the Rain

In the event of an intense downpour, there’s often a lot of water that runs off into the gutter and can’t be absorbed by the grass or the trees. Instead of letting it go to waste, install a water butt to your drainpipe so that you can use the runoff when it’s dry outside to water your plants or even wash your car. There’s no reason that any of the moisture from a good rainfall should have to go to waste.

Invest in Water Efficient Items

From showerheads to washing machines, going energy efficient with your household appliances is becoming quite popular. The next time you have to replace a small appliance or there’s a leak with a household item, consider heading down to the drugstore to look for environmentally friendly options that will instantly reduce your footprint.

With so many options for environmentally friendly items on the market these days, there’s no reason you can’t save water at home with a few easy changes. From making use of the rain that falls to learning to work with a water meter, some simple shifts may make your house the most environmentally friendly one on the block.

Filed Under: Around The Home Tagged With: Around The Home, Homeowner Tips, Upgrades and Renovations

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Our Team

Kay MonigoldKay Monigold
Owner/Mortgage Broker/Residential Mortgage Loan Originator
NMLS#1086176

Steven LoweSteven P Lowe, Sr
Residential Mortgage Loan Originator
NMLS #1085638

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