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Home & Garden Articles
The Best Upgrades For Your New Home
Wed 18 Feb 2009 - 15:32
The Best Upgrades For Your New Home
By [http://ezinearticles.com/?expert=Ryan_Tollefsen]Ryan Tollefsen
Upon the purchasing of the home, you are likely to purchase many other items that will go into the home. Some of the items are permanent fixtures, some are removable. Those items that are removable are typically furniture, lights, rugs and more.
When you are looking to finance items in order to cover costs into your home, you need to think about it carefully. Any time you finance something, you are actually going to be paying more for that item rather than paying for it outright with cash. Being that you will be paying interest rates on these items, they need to be able to hold their weight in that respect.
For instance, if you need to fix things around the home, make sure you are financing costs that are associated with just that. There is no need to finance items such as a couch into your home loan. You will be paying for that couch 100 times over by the time the interest and the years get tacked on to it. Meanwhile, the couch that you financed into your home is not making your home any money. This means, it is not increasing the resale on the value of your home. A couch and such items should never be assumed in financing.
Items such as cabinets, flooring and roofing are all items that are perfectly acceptable to add into the financing of the home. These are all items that are adding to the homes actual physical structure. When that is done, the home is actually increasing in value. This makes perfect sense; for when you resale the home, it is now bringing in profit to pay for itself and possibly more.
If you need assistance in purchasing home decorations and furniture, a much more sensible approach to covering those costs is to put it on a credit card. If you do not have a credit card that is high enough in limit, you can take out a loan. This loan is different than your mortgage because it is weighted less and not added to a large amount already existing. It will act as its own separate entity and payment. Doing it this way will ensure it does not affect the equity in your home negatively.
Some good improvements to increase the value of your home that will pay for themselves are outlined below:
1. New roof: A new roof on a home ensures that the home is protected well. A roof is an important aspect of a home. A newly replaced roof is a big plus on a home when you are looking to sell it.
2. Cabinets: Upgraded cabinets are a great investment in a home. Many people are very partial to upgraded cabinets and can be the difference between one house and the next. Kitchen upgrades have always been a win-win situation when looking to increase the value of the home.
3. Bathroom Upgrade: This is possibly one of the easiest, quickest and most effective.
4. Flooring: Adds a great touch to the whole home at a reasonable cost.
Learn more about the [http://www.akhomeshow.com]Alaska Real Estate market or search [http://www.akhomeshow.com]Anchorage Real Estate on Ryan Tollefsen's Alaska Real Estate web site.
Article Source: http://EzineArticles.com/?expert=Ryan_Tollefsen http://EzineArticles.com/?The-Best-Upgrades-For-Your-New-Home&id=2002652
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