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Saturday, July 7, 2018

By Sharon Jackson


For many, putting their home on the market takes some work and without the finances to go with it, becomes something that is not easily achieved or can take many years to build up the cash to do so. Home improvement and mortgage loan provides the seller with an ideal situation to turn over a profit on the sale a house. It takes a simple visit to the relevant department and to get one approved using the existing property as collateral.

Because of this it is best to shop around for the best interest rates. This can be done by applying at the many institutions where this is achieved as having to repay hefty sums can see the owner overextend themselves. It is something that may have been in the making for many years especially if one has lived or bought a property that is outdated and dates back thirty to forty years.

The kitchen is the central part of any home and planning to renovate and revamp it is something that is on any owners mind should this never have been attempted whilst others were living in it. Some kitchens are just old in look and still have the same counters, cupboards and fittings. When this is so it is time for an overhaul and to completely redesign this room in the home.

Cupboards and table counters would certainly need renewing and it is with this in mind that quotes should be obtained if one is not going to go it alone and do the alteration oneself. It is advisable to do so especially with the kitchen as most buyers out there, when the seller is ready to sell, will place special attention to the layout of this room. For instance, putting in an overhanging pot and pan fixture above the cooking area definitely will add value.

Additions or alterations never lose value and will definitely push the selling price up. Because of this, even if not thinking of selling or that it is not on the agenda to do so, fittings and alterations must suit the general look of what is trending but more importantly, must be user friendly. For instance, a hanging pot and pan fixture above the oven will always attract attention as this is an easy way of getting what you need when you need it.

With a good credit rating and a good job that one has been in for years, institutions will be more than willing to loan the owner some cash. This is in their interest as they too will be profiting by receiving monthly interest payments. It is quite viable to achieve this if finances can show that this is a viable undertaking.

Institutions want to be assured of their money so it is with this in mind as well as having the property as collateral, that monies requiring payment are approved. Meeting the criteria can take a little while and some patience if one has done so already. It is all about what one can afford and to stay within means.

With these in mind there is no better time to start than the present. It is a buyer sellers market and properties are changing hands as one speaks. It is best to do the maths accurately and to find a loan that is affordable and one that will not put financial stress in the years ahead.




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