Smart Ways To Use Your Home Equity For Remodeling

Key takeaways

  • Rising home prices, low inventory and high mortgage rates have homeowners choosing to renovate their homes instead of moving.
  • Two popular options for tapping into home equity for renovations include a home equity loan or a home equity line of credit (HELOC), each of which has its pros and cons.
  • Before using a home equity loan or HELOC for remodeling, consider if the project will add value to your home and develop a budget/schedule for paying the funds back.

Fewer homes are available for sale. Prices are climbing. Mortgage rates are

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Where Will Home Depot Stock Be in 1 Year?

The home improvement giant just affirmed its 2024 outlook.

Home Depot (HD -0.49%) investors might be pinching themselves right about now. Their stock has been kept up with the rally in the S&P 500 over the past 12 months, allowing the home improvement giant to stand out from many of its struggling peers. It’s not just the wider retailing industry that’s under pressure, either. There’s less demand for home improvement projects in the wake of the pandemic, and rising interest rates have pinched home sales as well.

Home Depot isn’t immune to these challenges. The retailer recently announced another

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America has a new favorite home improvement store

(WJET/WFXP) — After 5 consecutive years at the top, Ace Hardware has been dethroned as America’s favorite home improvement store according to JD Power’s recently released 2024 Home Improvement Retailer Satisfaction Study.

Menards took the top spot from Ace Hardware, narrowly beating that retailer’s score by two points. However, the overall rankings reflect a very competitive marketplace, with only an 18-point gap between the highest and lowest ranked retailers. The strengths and opportunities are highlighted at the dimension level. Across the retailers, there are dimensions almost each individual retailer performs particularly strong on, while also falling below showing some areas

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Contractor charged with home improvement fraud | Local News

A construction contractor has been arrested after charging a man more than $100,000 to build a garage and leaving him with only a malformed foundation, according to court records.

A Lebanon homeowner agreed in October 2021 to pay Johnathon R. Manco, 40, of Thorntown, $98,000 to build a garage in three phases, according to a probable cause affidavit. Manco performed only phase one, which included grading and excavation, a footer, and the foundation, police reported.

But the foundation was made with inadequate, “extremely crooked” forms, Boone County Sheriff’s Detective Bradley Dunn reported.

And Manco, through his company, Diverse Construction Solutions,

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Spring Home Improvement Show

Home is where the heart is so it’s important that homeowners do their research before moving ahead with a remodeling or home improvement project. A visit to the 62nd annual NARI Milwaukee Spring Home Improvement Show is one of the easiest and most efficient ways to talk with a number of experts.
Diane Nelson, CRPM, and NARI President joins us live to give us an overview of the show but also to explain what NARI is and what homeowners can expect when working with a NARI member.
The NARI Milwaukeeshow runs Feb. 16 – 18 at State Fair Park in

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Home renovation in the Netherlands

Buying a house in the Netherlands can be challenging. If you can’t find what you are looking for right away, don’t forget that you could also consider doing renovation work. Or perhaps you have found your dream home, but you would like to make it more sustainable. Here is what you need to consider if you are looking to renovate your house in the Netherlands.

Getting a building permit with ease

Need help getting a building permit for your renovation or house extension? This company can guide you through the process and make the experience stress-free:

Building permits in the

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HVP Magazine – Demand for home improvements down due to cost of living crisis, report finds

NEWS

DEMAND FOR HOME IMPROVEMENTS DOWN DUE TO COST OF LIVING CRISIS, REPORT FINDS

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New research from Rated People has revealed the construction industry is heading for a ‘home improvement squeeze’ in 2023, as tradespeople continue to battle with rising costs and lower homeowner demand.

Following the ‘home improvement boom’ where record numbers of homeowners improved their homes over the past few years – just 35% of homeowners are now definitely planning home improvements this year, which is a sizeable drop from 52% in 2022.

The findings come from this year’s edition of

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Remodeling to sell a Seattle-area home? Read this first

Until recently, the Seattle-area housing market tended to paint over home sellers’ mistakes.

It didn’t matter much if you spent months on unnecessary renovations when houses were shooting up in value, and sellers were getting offers well above the listed price. The several months’ delay in getting a home ready usually worked in a seller’s favour. But as the market cooled, the situation has changed.

Kirkland-based real estate broker Max Rombakh, of Windemere Real Estate, says one seller in the Bridle Trails neighborhood of Kirkland sank $400,000 into remodeling, watched home sales and prices fade during the eight months the

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