10 Home Improvement & Remodeling Ideas that Increase Home Value
If the improvements have added value then there may also be an improvement in the LTV which should, in turn, improve the mortgage options. Lenders will ask the reason for raising capital but should allow equity to be released – i.e. additional borrowing on your mortgage – for the purpose of home improvements. It’s important to factor in any switching costs as well but many deals will offer a free valuation and free legal work for remortgages, which helps to cut set up fees. TV shows about makeovers, fix-ups, and general improvements done to people or buildings, are a secret passion for quite a lot of us.
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