The Oconee Enterprise > Ara > Real Estate > The Best Home Improvement For Less Than $5,000

The $1,534 cost for a mid-range garage door replacement had an estimated value at sale of $1,283, or 84 percent of the original cost. In several cities and U.S. regions, an upscale garage door actually returned more than 100 percent of its cost. This was particularly true for large cities in California and the Pacific region. In a separate study, more than 71 percent of Realtors nationwide felt that an attractive new garage door added as much as 4 percent of the selling price. http://www.oconeeenterprise.com/ara/real_estate/ar-59545e42-a4c1-5732-a777-154329c87b88.txt

Home Improvement Loan – Town Square – North Haven, CT Patch

With a home equity loan you are only paying on the funds you borrow not the all the equity at once. If you have a home equity line of $50,000 but only borrow $15,000 in the first year you are only paying interest on that $15,000 vs. paying on the entire $50K from the beginning. The interest is tax deductable which makes it a more attractive offer compared to using a credit card. 2) Cash out refinance – Take a lump sum as a loan and use the money for the home improvement project. Once again the interest is a tax deduction however be aware and plan for unexpected costs. It is not unheard of for construction cost to be 20% – 30% more than they were estimated to be. The last thing a homeowner wants is to be in the middle of a large renovation and run out of money. Some of the advantages to renovating are; staying in your home and your neighborhood, personalizing your home to your taste, or creating more space. By adding space to your home it can become more functional and with new windows and insulation more energy efficient. Renovating your home adds value to your home and therefore in the long run will generate more equity. http://northhaven.patch.com/groups/announcements/p/home-improvement-loan

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