I have inherited a little cash $35K (aftertax), and I am trying to decide what would be the bext use of it. Here are my options:
1). Pay off 1 of 2 mortgages (I got an 80/10/10 when I bought my house last year). This will save me money long-term, but on a monthly basis will amount only to $125.
2). Pay off the car loans. This will have the best short-term effect, and will account for over $500 of the monthly budget, and also help tremendously when my current car fails me and I am ready for my next car purchase.
3). Invest the cash into house remodeling (kitchen and bathroom updates), which may or may not payoff later.
List your debts, lowest balance to highest balance. Pay off smallest first, keep rolling up until you exhaust the $35K. Swear off of debt. Use cash. It’s quite liberating. Think how much money you would have, each month, if you had no debt.
See www.daveramsey.com
Bathroom Remodeling Ideas on a Budget
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I'm wanting to paint my kitchen … the budget is tight and we can not do it again, as expected … disappointment …. since I have to stay in the kitchen as it is now … What are some good color for the kitchen? My kitchen is not big or small … in a point between the two, and is an "L". My floor is wooden, square tiles.
Recently renovated my kitchen and wooden floors and walls painted red and all cabinets and white borders. It looks great.
we are buying a house for $ 80,000 m² in 2000. short sale and the bones of the house are in perfect condition. However, it needs an update and the serious TLC into cosmetics. carpet must be started, new paint, new flooring, new countertops, bathroom needs new tab … We have a budget of about $ 2,500 to spruce ideas before we move? I rolled on the ground 1000 m² (you really need some new flooring, which is carpeted), after approximately 300 m² for tile in the kitchen / dining room …. laminate countertops … painting … Do you think that if we work that could be done? the bathroom can wait, not terrible, but not my taste …
A new coat of paint is a good idea to bring a new breath at home. When it comes to low cost and l ow maintenance of laminate flooring is a good choice. It is also nominated for a versatile alternative when it comes to design, limitless styles you are sure you land with one that suits your personal taste. When buying look not only at the price, but also research quality and durability of products to the top floor as long as possible giving the best performance of men in their renewal. Other costs low, but projects high impact that can take into account: the molding de-cluttering Add or decorative coatings cabinets accessories hardware replacement Replace reface cabinet finish
Bathroom Remodeling – Bling on a Shoestring
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I can take my newly renovated bathroom. Our architect has recommended a fan in our shower.?
Our contractor is willing to meet architectural drawings, the supplier says it is against the CNE to put a fan in the ceiling of a shower. The building permit was approved and I hesitate to call inspector at the beginning, on the other hand, is very difficult to achieve and do not want to keep the project out much longer – almost finished. If a fan is allowed in a shower, what are the specifications for the installation? Is the shower should be a certain size, or fans can be a particular type?
IMO. Electricity and water do not mix. No matter what anyone says, I could not have taken a shower has elctricity of any kind in it.
How to Remodel a Basement : Basement Remodeling: Bathroom Plumbing & Fixtures
Styling to stay: ‘Sell This House ‘ designer makes Austin home and transforms a local house
Styling to stay: ‘Sell This House ‘ designer makes Austin home and transforms a local house Kitchen Cabinet Remodeling: How to Prep for Painting Cabinets
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I have an old victorian home that I am about to remodel, it’s 1700 square feet and it’s on a 50 by 150 lot. Before I start talking to any contractors I really would like to know about how much I am looking at to add on, I would like to add another bathroom, add a formal dining room, another bedroom, and extend the kitchen. I really would like to go up instead of out, but my husband said it would be to much. My budget is $150,000.00
Depending on your exact location and the general contractor you choose to hire, you are probably looking at about $150 per square foot for the extension including all finishing, materials, municipal permits, and everything else involved except an architect’s services and furniture. Of course if you are choosing $800 light fixtures for each room, exotic hardwood floors for all areas, and a washroom with a steam shower with 7 body jets your price will be considerably higher. The areas you listed to add on will total at least 600 square feet, probably closer to 700, so you’re around the $100,000 mark. Good luck.
Kitchen remodel on a budget
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Remodeling your home can be an excellent way to beautify your home and your attitude! A renovation project can be as simple as changing your color scheme or as complex and a complete makeover for the home. The choice is yours. In this article, let's take a look at some the benefits of renewal, and the risks and complexities. Let's see how to start and describe some of the benefits and risks of various renovation projects. If you are upgrading or go retro, if the project is large or small, if you hire a contractor or do it yourself, remodeling can be a fun and exciting to add some emotion.
You may be interested in these articles: Materials for remodeling – How to shop and save What is the cost a new design?
Remodeling is not without its complexities and risks. It is best to think of all the projects in a step by step and analyze the costs before you start. Then think about what might go wrong and how you can plan to avoid these problems. Renewal can be a joy or a nightmare. However, if you think carefully plan and hire the right people, the proposed home improvements can be pure joy.
When I start
There are several places to start thinking and planning a renovation project. The first way to start is what you would change or what needs to change in your home. Make a list of things to do. Then make a list of things I want to do. This will help prioritize projects. A second way to start is to consider what renovations or remodeling would increase value of your home. You can get ideas to see some new houses or talking with builders or interior designers. A third way to start is in a nursing home professionals remodeling to make recommendations and give advice and cost estimates. A fourth way to start thinking about remodeling is to be aware of the frustrations in your home.
The top five reasons given by people who renovate their homes are:
To add a space or reallocate space To upgrade or modernization To improve energy efficiency To make the home more functional for the elderly or persons with disabilities To increase the resale value of the house
Renovation to add or reallocate space can mean the cancellation of a wall, build a wall, and added a fourth extension of the room or adding a second floor. Most of the changes in the amount of space is allocated. The houses built in 1950's were very important "room" while today's homes often have new rooms to be very small, family rooms, or just a large room. If your family is growing, it is possible have additional rooms or games room or another bathroom. If you find your temper burning while waiting their turn in the bathroom, this could be the point starting. There may be more complex aspects of additions or expansions, the capacity of the foundation or wall mounts to support the extra weight, if the local building zoning codes allow the kind of change you want to do. Sometimes what appears to be a simple change in the time involved in work longer. There are also risk that their investment will not be returned, or if they do not like change, or your life situation will change to require the renovation or having problems with the contractor or liability or funding.
Update conversion or modernization can take many directions. First, you may want to clarify or illuminate the home through windows or glass doors or skylights added. New homes tend to have more windows and higher ceilings. These works are good to drink. The general increase the value of your home if it is done. You can replace aircraft with new colors or characteristics. Updating kitchens and bathrooms usually brings a good return on investment. A general renovation and cleaning clutter is an excellent investment. However, although considered "rehabilitation" Remember that everything old is new one time.
Reforms that improve energy efficiency tend to pay both short term and long term. Some of these improvements are relatively affordable, such as changing windows, adding insulation, or adding heat-reflective roof coatings. For the most part, these improvements are not very risky, unless you hire a contractor wrong.
Make the house more functional for the elderly or disabled may involve relatively minor changes and change can be removable or permanent. For example, if choose to install a ramp, what is the effect of a permanent concrete ramp in the home resale value? If you add a chair lift or suspend access to a second floor? In general, Accessibility and removable security to protect the resale value of the house.
Renovations to increase the value of your home can also make life more comfortable immediately. The best advice here is to focus on things that clearly make the house more desirable. Modified Paint with neutral colors is generally safe. The changing mat for wood floor can make a big difference. Lightning and brightness should pay and disorder and participation in gardening.
It is always possible that you will change or liabilities improvements now that will be discussed later, so you will probably want to live with the changes. Unless you plan to sell home immediately, you can focus on the rate that will make you happier or more comfortable.
Finally, think carefully about yourself trying to renew itself. Keep your home safe is a primary consideration.
Renovations are messy in the short term, but that the changes you want in a house or changing your lifestyle can be fun and challenging. To renew, I think, prioritize their needs and desires, to calculate the cost, finding a reliable contractor or remodeling certificates, and to get there. Renewal can be a retreat completely new look – and you can do on your own schedule and budget.
Law Copyright 2007 by ABCD Publishing
About the Author
Dan Fritschen, the remodel-or-move guru is President and Publisher at ABCD Publishing and operates three very popular websites — www.remodelormove.com, which helps homeowners make this important decision on the basis of knowledge and reliable cost estimates, and www.remodelestimates, which offers a variety of articles on various aspects of remodeling and remodeling cost estimate calculators, as well as referrals to great contractors throughout the nation, and www.remodelingorganizer.com). He is the author of three books on home remodeling.
Remodel or Move Webisode 1 – http://www.remodelormove.com
