Hiring A Home Improvement Contractor

You finally got the keys to that home you and your family has been waiting for. Then you get all moved in and settled for a few months and you find there are a few things you would like to change or upgrade.

So you sit down with your wife and discuss all aspects of a home improvement project. There will be cost, time, inconveniences and more. Depending on the size of your project you may want to consider hiring a home improvement contractor.

When the project is small like painting a room, installing fixtures, or doing a small patch of concrete you can do the project yourself. These types of projects do not take a lot of special tools, time or permits. Even though I have heard you should get permits to change the trap under your sink. So you may want to check with building and safety department in your area. The greatest part of doing the project yourself is the satisfaction you get when you are done.

Hiring a Home Improvement Contractor
If you are going to do a large project like a room addition, tile a large room or all your floors, or paint the exterior of your home you will probably want to hire a Contractor.

A good way to get a dependable contractor is to ask people you know for names of contractors that they have used. You should try to get at least 3-4 names to choose from. Then you can get references of jobs done by the contractor from the contractors themselves.

Be sure to ask them if they have a license and as part of your homework you can check there license you can do this by contacting the State licensing board in your state Then you want to make sure that they have insurance and are bonded you may want to contact the company that insures them to make sure that their insurance is up to date.

Some Contractors will pay the premium get the cards and then stop paying. They will show you the cards and you will have no way of knowing if they are up to date and you do not want to find out that there insurance has not been paid after an accident. If they have a problem giving you this information beware.

Once you have done this you can call on the references and ask
Was the project completed on time?
Did it stay within budget?
How were changes dealt with?
Did the contractor get permits or did they have to?
Was the job-manned everyday that it could be? Exception bad weather material delays etc.

While you are doing this you can give each contractor a set of plans and ask them to bid on your project. By the time you have done your research they can probably have their bid ready to return to you.

You can now sit down and discuss this with you spouse who you would like to use knowing you have all the information you need to make an informed decision and no matter which one of these contractors you use they will be qualified to do the job taking about 50% of the headache out of the project.

This may seem like a lot of work but you will want to be sure that the home improvement contractor that is going to be helping you to fulfill one of your families dreams is the best you can get.

Home Improvement Loans Versus Equity Loans

When you want to improve your home, to make some repairs, renovate, or decorate, the only thing that can stop you is if you are short on cash; home improvement loans are an ideal way to carry out necessary maintenance and remodeling. Not many homeowners have the confidence to attempt home improvements on their own so they need the services of tradesmen which are a costly part of the plan.

Home improvement loans usually have the choice of a secured loan on the property itself or an unsecured loan where the home does not need to be used as equity. Fortunately loans that do not require the home itself as equity are even available to brand new homeowners. Fortunately for the homeowner, a non-equity based financing arrangement is available with a fifteen year repayment term if required.

The eligibility for finance without equity can depend on the combined household income, which should not exceed the county limit where the property is located. Although a number of details of the applicant are looked into, these loans are relatively easy to arrange and there is not much documentation to complete.

Home improvement loans which are secured against the property are just a way of releasing spare equity that the property has available. There are benefits to arranging a secured loan though as they generally have a lower rate of interest so reducing the monthly payments and although they are relatively hassle free, they are not another mortgage on the property.

Obviously the amount you are able to borrow using a secured loan will depend on the value of your home. The lenders need to be assured that there is in fact equity in your property and that any loans already outstanding will not interfere with any new arrangement made by them if they agree to a loan.

After this has taken place, the lenders will put a package forward which may not necessarily be for the full amount the homeowner wanted. Usually, finance companies will lend you a percentage of the assessed value of your house but some lenders can lend as high as 125 percent of your home’s equity.

An equity based loan can be risky if you arrange to lend an amount greater than you can comfortably afford so consider this carefully as you may end up handing your beautiful home over to your creditors. Home improvement loans can be a wonderful way to tidy up an aging home but remember that they need to be paid off and if you are likely to struggle, reduce the amount you want to borrow.

What Exactly Is A Home Improvement Loan

A home improvement loan is actually one of the simplest ways in which you can live in your dream home. This is because it is the prime option for someone wanting to enhance the appearance of their home and also add to the value. In other words, a home improvement loan pays off in many ways. First of all, your home looks great and, second of all, the investment pays for itself because the home goes up in value.

As for how you get a home improvement loan, there are a couple of ways. The first is that you can simply go to your bank and request the money. You can do an assessment of how much work you would like to do and request that amount. The second way is to refinance your mortgage and use the equity in your home to fund your home improvement project. How you do this is you refinance for the worth of your home, you pay off our mortgage, and you then take the difference between the worth of your home and your mortgage and use that money to fund your home improvement project.

Types of home improvement You can use your loan to fund any improvement to your home. You may want to simply improve the appearance of your home or you may have worn and broken areas that must be fixed or replace. However, the loan must make sure that the improvements that are done to the home are right with the borrower’s needs and don’t exceed the amount that the borrower is borrowing. This means you need to make sure you cover all of your improvements by not deviating from your initial plan.

For example, you may wish to add rooms onto your home. Maybe you need an extra bathroom or an extra bedroom. Perhaps you want a sun porch or a sitting room where you can sit and relax for a while. It is really up to you. Maybe your plumbing needs an overhaul or you need to put more siding on your house.

Here is a more detailed idea of what you can achieve with a home improvement loan: – Installation of central heat and air – Installing a fire place – Swimming pool installation – Rewiring the home – Remodeling any room in the house

Loan details There are certain details of the loan that you must be mindful of. The first thing you must keep in mind is that the interest rate of your home improvement loan is going to depend on your credit rating. If you are credit challenged, you may find that getting a competitive rate is somewhat difficult.

However, there has been an increased amount of competition between financial institutions because more and more people are looking for home improvement loans. Because of this competition, there are more options for borrowers to take advantage of. There are a number of online lending services that have added to this competition, which also increases the chances of getting an approval on a home improvement loan. The process has been simplified by these entities.

But before getting the loan, make sure you get quotes on how much it would cost you. You can assess the work yourself, but you can have a professional do it even if you do decide that it is a project you want to do all on your own. This increases your chances of being able to stay within the amount the loan is for. If you exceed your loan amount, you may not be able to pay for the remainder of your improvements. But know that if you need a home improvement loan, different lenders have different options for you.

Remodelling Existing Rooms – Home Improvement London

You may dream of creating more space, more light, more storage or greater flexibility in your home, but how is the best achieved? Most home refurbishment projects fall into four main categories, or you may choose to start from scratch and build your own home.
1) Remodelling existing rooms: if you need different living accommodation rather than extra space, home improvement could be the solution. Removing internal walls to open up kitchen, living and dining areas will bring in more light and create a sense of space and moving walls to steal space from another room, can turn a box room into a useful bedroom. Unless your property is listed, knocking down internal walls, dividing rooms with partition walls or installing an en-suite bathroom or downstairs clock room will not require planning permission, but the work must comply with relevant Building Regulations, particularly if it involves alterations to the structure of the building or the drainage. .
2) Converting unused space: the arrival of children, or a change to home working can leave you scrabbling for more space, but the solution can be found in box-filled attics, junk-ridden garages or even empty basements. Loft conversions offer a convenient way to add an extra bedroom, playroom or home office. there is no minimum head room requirement to convert your loft, although common sense says that at least two metres is good guide to ensure that one would be able to stand up in the room. The stairs to reach the loft, however, must have minimum head room of two metres. Many garages never seen a car, but are expensive homes for piles of junk which can easily be turned into habitable space. You will have to upgrade the structure to meet current Building regulations covering energy efficiency, damp-proofing and ventilation. If the conversion involves building on top of the garage, the foundations will need to be checked to show they can take the extra load. Though a far more expensive option, basement conversions are on the increase in urban areas where land is at a premium. As with loft conversions there is no minimum height but the stairs to reach the basement must have minimum head room of two metres which may involve more excavation. You must use a specialist contractor to ensure the space is correctly tanked and waterproof. Building Regulations approval will be required for all conversion and extension projects for semi-detached or terrased properties. Recent changes to Planning Regulations may mean the project is exempt, but always check with your local planning office to be sure.
3) Extending your property: as the family gets bigger, you have two choices – either to extend your existing property or move to a larger house. A single-storey rear extension combined with a loft conversion is popular choice for terraced homes, but if there is space, space and detached houses may benefit more from a two-storey extension. There are further regulations that both single and two storey extensions must comply with. Single-storey extensions with a flat roof should be no higher than three metres, or four metres if they have a pitched roof The roof of two-storey extension should be no higher than the existing building. Another rule is not to over extend your property. Every road had a ceiling price and if yours is out of keeping with others in the road you may not recoup your investment when the time comes to sell.
4) Adding a conservatory: the rules for conservatories ar slightly different, which makes them a cost-effective way of adding extra space, but make sure you install heating, ventilation and insulated glass if you want to use the room year round. In most cases you don’t need planning permission. In England and Welsh, conservatories are exempt from most Building Regulations if they are separated from the rest of the house by patio doors, the floor area dose not exceed 30 square metres and is not permanently heated.
Choosing the right builder and ensuring you communicate well together can make the difference between the success or failure of your building project. But we need to make sure that all home improvements are both cost effective and add t our enjoyment of the property, as well as maintaining its value. Good planning and clear directions are the key to success. Home improvement projects will add value to your property.