6 Ways to Finance a Renovation
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(BPT) - If you're planning to take on a home improvement project, you're in good company. A recent report by the Joint Center of Housing Studies at Harvard University predicts that the home improvement industry is expected to post record-level spending this year. As you prepare for your renovation, it’s important to review your financing options based on the size of the project, your intended repayment plan and whether you plan to use a contractor or do it yourself. 6 ways to finance a renovation to consider: Home Equity Line of Credit (HELOC) - A HELOC can provide ongoing access to funds using the equity in your home, which typically results in lower interest rates than unsecured credit. This type of credit may also provide you potential tax benefits. Consult your tax advisor regarding the deductibility of interest. Mortgages with Built-In Renovation Financing - These loans help homeowners complete renovations with a loan amount that is based on an appraiser's estimate of what the property value will be with completed improvements. This is also an option for aspiring homeowners who purchase properties that need repair. Whether a home purchase or a refinance, this option finances the renovations and mortgage in one loan.
Perfect Resort Style Living-Sea Ranch Club, Fort Lauderdale
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Perfect Resort Style Living-Sea Ranch Club, Lauderdale By The Sea There comes a time when it is simply necessary to relax, to take a break from responsibilities and live a carefree life. Think the life of the young Tom Sawyer or as that ole television advert said, “ Leave the driving to us”. In a single word...Chill. Dear reader, please take solace in knowing you can do this in the mad world of home ownership. The answer is simple...rent a home to reside. We have the pleasure of offering for rent a home at 5000 North Ocean Boulevard, unit 1104 in the Sea Ranch Club. This fine community is located just north of Fort Lauderdale in the humble surroundings of Lauderdale By The Sea. This tiny enclave is situated on a barrier island between the Atlantic Ocean and the Intracoastal Waterway. There are a bounty of fine restaurants and shops in Lauderdale By The Sea.