Looking for some simple remodel ideas? There is a helpful article in MarketWatch today that gives some nice tips on how to inexpensively makeover your home. These are good ideas for homeowners, as well as those looking at selling their home.
Included are things as simple as replacing locks and doors, to the high return items like remodeling the kitchen. It's interesting to note that a basic kitchen remodel has a higher rate of return than a major remodel does. The key seems to be to keep it simple.
By remodelling your current home, you might find yourself content to stay put another 5-10 years.
Here's the link to the article. Sensible remodels for a flat housing market. Included is a link to a chart that can help you determine the rate of return on the remodel. Cost vs. Value Report
We offer both the FHA 203k program as well as a One Time Close program that can be used for remodels as well. Call me for details.
Larry Morris is a Certified Mortgage Planning Specialist in Portland, Oregon. He specializes in USDA Guaranteed Rural Home Loans, FHA Purchase and Refinance, FHA 203k Rehab loans, FannieMae HomePath loans, Oregon VA Loans and conforming purchase and refinances in the states of Oregon, Washington and Idaho.
He can be reached at 503-421-0096.
