Stay Out of Debt: Budget Remodeling with Irregular Incomes

If your job causes you to have unpredictable money flow, it can be difficult to upgrade or remodel your home. The Equifax Finance Blog has some great tips about how to budget for your income of highs and lows so you can enjoy projects like a new kitchen or substantially upgrading your insulation and still avoid debt. Just check out good hints like these:

·         Set a salary – One of the best ways to set a budget for yourself is to create the illusion of a set monthly income, even if you don’t have one. To do this, experts recommend setting a low monthly salary for yourself. Simply examine your previous year’s income and base your monthly salary on the lowest months you had. By setting your average low, you will help ensure all your expenses will be covered even during your low earning months.

Budget DIY Home Repairs for Selling a Home or Living Happier

Stretch your DiY muscles to save money to live
happier and an easier time when selling a home

Whether you’re selling a home or just looking to refresh your home’s look, check out some of these tips from the Equifax Finance Blog in their article, “DIY Home Repair and Kitchen Remodeling on a Budget.”

When updating your home’s look, it is sometimes easier on you (and your wallet) to work on small details around you home first. Kitchens are often a big selling point for homes, so they are a great place to begin your DIY projects. Examine the details around your kitchen. Do you have dated curtains in the windows? Dingy or old hardware on your cabinets? These are two easy fixes that when changed, can add a more modern look to your kitchen. Simply put classic shades in the windows and change out old knobs and hardware for newer, reasonably priced ones. Voilà - these simple changes are as easy as that and take little time or effort!

Getting the Biggest Bang for Your Buck On Home Improvement Projects

Example of a replacement project which will
help you save money.

Real estate writer Ilyce Glink offers tips for getting the most of your home improvement efforts in her article, “Make the Most of Your Home Improvement Projects” on  the Equifax Finance blog.

Homeowners too often don’t think about the real bang for their buck that they will get out of a home improvement project. But, like any other major expense, you have to think about return on investment. You may think certain upgrades are a must-have, but when the time comes to sell your home, will buyers be willing to pay more for that upgrade?

Building an impressive bathroom or kitchen may not pay off as much as replacement projects will – replacing roofing, siding, windows, etc. To get a home in “selling shape” the best upgrades are often cabinet refurbishing, new countertops, paint, bright lighting and a clean floor. The experts say avoid luxury upgrades and focus on your market – if you live in an area where outdoor living spaces are hot, add a deck instead of overhauling your kitchen.