Tips for Home Improvement Home Equity Loan Financing

No one will argue that increasing the value of your home through home improvement projects
is a great idea. However, large home improvement projects can become quite expensive. Home
improvements lighten your wallet and empty your savings account. Careful planning and
thinking about all your financing options is necessary before beginning your home
improvement project. Below are a few tips for home improvement home equity loan financing to
take into consideration.

Home improvement home equity loans are becoming one of the most popular loans when it comes
to home improvement. Because the interest is deductible from your taxes, It’s a viable tool
for borrowing money. Interest rates on home improvement home equity loans are usually lower
than the interest rates of other types of loans. Another good thing about home improvement
home equity loans is that they are fairly easy to get.

Home improvement home equity loans are great loans for home improvement because the project
can greatly increase the appraisal value of your home. This is a loan that is obtained to be
able to get additional investments for use in the future. Home improvement projects such as
bathroom additions, bedrooms and home extensions can increase the value of a house. However,
some home improvement projects don’t really result in increasing the value of the house. The
construction of a swimming pool is one such project.

Take care when getting a home improvement home equity loan. Don’t forget that the collateral
that you are putting up against the loan is your own house. If you can’t make the payments
and make them on time, you could end up losing your home. You borrowed money for the sole
purpose of improving your house and losing your house would be a disastrous situation
indeed.

Many people use home improvement home equity loans for other reasons. The money is sometimes
spent finance other expenses such as vacations or everyday needs. Steady appreciation of
their houses is what people rely on to be able to pay for the debt. If the value of their
house depreciates at the end of any period, they are in huge financial hot water. This is
why home improvement home equity loans should be used for the improvement of your home
because the risks of depreciation are lower.

To avoid being indebted because of home improvement projects, these tips for home
improvement home equity loan financing should be kept in mind. Home improvements are a great
way to increase the value of your house but always use your head when getting home
improvement home equity loans to finance these projects.

The Need for National Guidelines and Testing in the Home Improvement Industry

It is time for Washington to step up and put legislation in place that will force states to better regulate the home improvement industry. Up to now Washington has left the regulation of the home improvement industry up to state regulators, and for whatever reason(s) many states have fallen considerably short.

There are still some states that do not even have contractor licensing in place for home improvements. For some of the states that do have licensing, the license requirements do not include that the applicant demonstrate the ability to do any type of home improvement work. (That is like saying I will issue you a license to cut hair but you don’t have to demonstrate that you know how to cut hair……… ouch!) Then why do states bother issuing licenses if there are no requirements to demonstrate competence? Revenue? Or could it be that they need more consumer complaints for Consumer Affairs and BBB to handle? The unfortunate consequences of this problem are that homeowners are the ones who are paying the price by receiving poor workmanship and a cascade of home improvement problems.

Let’s be honest, the home improvement industry does not seem to attract the most reliable, honest and competent individuals. The lure of a quick buck and the relative ease to “qualify” to do home improvement work, brings many a “character” to your door. When I was a contractor I needed to hire people for a variety of field positions. Most of the people, who I interviewed and sometimes hired, seemed to have the same type of problems with past employers. These problems consisted of substance abuse issues, honesty issues, and reliability issues. The labor pool never seemed to have an over abundance of talent and employability to pick from.

I remember always reading article after article that dealt with the significant manpower shortage in the home improvement industry. The bottom line of each article would always be the same, “If you can find an honest, reliable and competent person to work for you, pull out all the stops to keep them!!!! Do whatever you need to do to keep that person happy because you’ll never know if you will be lucky enough to find someone to take their place.” As an owner, it was a very constant and stressful problem to deal with. You were almost afraid to try and increase project production because you knew you would have to try and find someone to do the additional work. Finding employees was always an adventure, an adventure that I never looked forward to.

For the last 10-15 years the number one problem in the home improvement industry is the lack of manpower. Many contractors are training and hiring minorities to try and solve this major problem.

If you were to talk to your state authorities about what is being done to improve regulations and screening in the home improvement industry, they will probably tell you something is in the works or there is no money for more regulations (testing). I have been hearing this for 30 years. The county in which I live (Suffolk County, New York) still does not require any demonstration of home improvement ability to obtain a home improvement license. The fee has consistently gone up but the requirements have pretty much stayed the same. We are one of the highest taxed counties in the country, so I refuse to believe there is no money to develop and implement a better policing and screening process in the home improvement industry.

The National Association of The Remodeling Industry (NARI) http://www.nari.org is the only national organization that offers certification of home improvement individuals. They have a number of different certifications that one could obtain. To obtain these certifications the applicant needs to demonstrate a variety of knowledge, ranging from good business practices to project knowledge. NARI’s main certification is called – Certified Remodeler (CR). This certification requires the applicant to prepare an extensive matrix or resume of their experience and knowledge as well as obtaining a certain score on an 8-hour exam. There are only approximately 1000 CR’s, out of the hundreds of thousands of home improvement contractors in this country. I earned this certification in 1994 and still proudly hold this certification today. I will admit that obtaining this certification is a time consuming process and does take considerable effort, but it was well worth it. What I also like about this certification is that it has to be renewed every year by demonstrating continued involvement and knowledge in the home improvement industry.

Why then couldn’t Washington mandate some type of screening, nationwide, that all people interested in doing home improvements must be able to “pass” to obtain a license? This license could be used nationwide. Use a screening process that emulates what NARI does for its certifications. You could make the screening as simple as a comprehensive test with multiple choice questions. A test that could be machine scored.

I think an ideal situation for licensing would be to divide up home improvement licensing into sub-licenses. For example, if you were a bathroom contractor you would obtain a license for bathroom home improvements only. This would refine what licensees are qualified to do, rather then issuing one license that could wrongly give the impression that the licensee is capable of doing any type of project.

The reason I think Washington needs to get involved with this problem is because the American public doesn’t have the time to wait for each of the 50 states to come up with a similar solution, individually.

However, if Washington were to step up and mandate a national screening and testing situation, you would still have to address the screening of the people who show up to work on your house. (if they were not the person(s) who was screened and licensed) These people would hopefully be employees of the person who was screened. Is the homeowner then back to square one with not knowing the qualifications of the people working on their house? I tend to think not, because the person who went through the screening and obtained the license would want to keep the license. It is in the best interest of the licensed individual to make sure the project is done correctly. Problems develop when a contractor has too much work and attempts to get it all done by using inexperienced and unqualified help. The lure of completing more work and making more money sometimes leads to his or her business getting “out of control”. This subsequently leads to quality and project completion problems. Employees of licensed and screened contractors need to “qualify” on some level similar to NARI’s lead carpenter certification.

Will any of these desperately needed changes occur any time soon? To be honest, I wouldn’t hold your breath waiting for Washington to step up to the plate and I don’t think your state or local governments will dramatically improve home improvement regulations either.

So what should a homeowner do to protect their home and property? Get the right “tools” and knowledge to be able to protect your home from poor home improvement decisions and situations.

The Home Improvement Success Club of America(TM) (http://www.homeimprovementsuccess.com) can give you all the right knowledge and “tools” you need, without spending hours and hours doing research and trying to figure out what to do. This club has a variety of forums (chat room, message board, phone consultations and project estimate-contract evaluations) to answer your questions about how to get great home improvement results. Membership to this club also includes the use of The Home Improvement Success System, which is a step by step home improvement system that shows you exactly what to do and what not to do. This system can be used with any project. The club also includes a 30-day money back guarantee if you are not delighted with being a club member.

If you’re serious about doing a home improvement project and protecting your home, then join The Home Improvement Success Club of America(TM). You will be happy you did!

The Home Improvement Success Club of America(TM)
http://www.homeimprovementsuccess.com//>

[email protected]
P.O. Box 653
Smithtown, NY 11787
Phone: 631-360-7722
Fax: 631-361-3582

By Hank Jaworowski, CR
Founder and President of The Home Improvement Success Club of America(TM)
Author-The Home Improvement Success System

The Truth About Home Based Business Claims – Are They Real Or is it Just a Marketing Technique?

Looking through the classified ads in the newspaper, surfing the web, or thumbing through a magazine at the doctors office they seem to be everywhere. The claims that individuals have made thousands or even millions of dollars seemingly overnight with virtually no effort all because of the Home Based Business that worked for them and it can work for you too. These ads are placed with pictures of fancy cars, huge homes with sparkling blue swimming pools surrounded by a tropical paradise, or even pictures taken in front of the Eiffel Tower, or executive types playing golf on a luxuriant green golf course. Are these things their actual reality, or is it all just a ploy to lure you into joining their team in the hopes of having the luxury cars, the elegant home and the exotic trips?

Yes there is a lot of hype in some of these ads, but there really are very successful people in the Internet Marketing Industry. Being a successful entrepreneur is just like any other profession, it takes time, money and effort. Bill Gates did not wave a magic wand and produce Microsoft, and Donald Trump did not make a million dollars on his first real estate transaction. Building a successful Home Based Business is very much the same way. All successful businesses require a positive attitude and mindset, (a lottery mindset will likely fail every time). It also takes persistence and good work ethics. Without these things failure of your Home Based Business or any business for that matter is undoubtedly on the horizon.

Successful entrepreneurs understand what it takes and what is needed to become successful because they themselves have started from the ground level and earned a top spot in the industry. The most important thing to remember is that a Home Based Business is just that a “Business”. If you perceive it as a business and acquire the tools and knowledge required to build it, then there is a very good chance that success of your Home Based Business is on the horizon.

Now building a successful Home Based Business is actually a fairly simple process provided one has the correct tools and technical support necessary, and there are models out there that provide just that. These are generally the models that have a small to moderate start up cost, and perhaps even small to moderate membership fees, but just remember the old saying “you get what you pay for”. The start up cost alone of a traditional “brick and mortar” business can be mind numbing and monthly operation costs can be in the thousands of dollars, whereas the cost of starting and operating a Home Based Business can be very low and affordable.

If building a Home Based Business seems intriguing then a model that has a specific program with an abundance of tools and training available to assist in every step of the building process is what should be looked for. Also take into consideration any inventory that may be required to purchase. Many companies that require you to buy inventory may not provide the tools and training that are needed to build your business which leaves you with product that you must figure out how to sell and distribute on your own.

In short, when looking for a model with which to begin building your Home Based Business, one with a step by step program which includes all of the tools and support necessary with a small to moderate start up cost, and little or no inventory to buy is ideal. They are few, but they are out there. I can say this with confidence because I have found one and am having success building my own business.

Tips For Great Home Decor

Decorating your home is one of the most daunting tasks. Most of the home decor items are very popular among the people. By changing couple of things of your abode one can bring a great transformation in one’s personal space. Even a minute change in your home decoration will make you feel new and refreshing. Decorating your home is one of the best ways of transforming the bored and tired looking space into rejuvenating, fresh and happy atmosphere.

Home Decoration involves several things such as colors, furniture, fabric and several other accessories. For some people home decor may involve several thousand dollars while it just takes some imagination by some people to make magnificent changes.

Hiring a professional home decor person is always a great idea but it involves a lot of money. A professional decorator will surely bring a trendy and sporty environment to your home and they are well aware of the latest trends. They have a very professional point of view as compare to an amateur decorator as they have both experience and talent. They are able to transform your boring, non-happening place into exciting place to hang in.

One can also go for home improvement software which will surely make your place a better place to live. The software so used can improve the color, designs and many more things. Most of the professional decorators make use of home decor software as they give exact idea about the view of your home after improvement. This software also extends the vision of decorator as one can see the ideas on the screen of the computer.

Home decor is selected according to the size of your home and you may require buying or keeping the things away according to the size of your home. If the size of your home is very small then you should go for a very simple and elegant home decor. You should not go for adding extra decorative pieces and furniture.

If you own a very large or big-sized home then one can arrange the things quite efficiently and still save some space. Big size homes are like blessings for home decorators. Home decorator also includes proper and correct placement of practical and useful items such as furniture, several artifacts and electronic items of your home.

Decorative ladders have become a hot favorite for home decorators these days. This may be due to the reason that they give a great and rustic look to your home and these can also be used for several other ways. Decorative molding is another way of enhancing the decor and it can also be used to highlight certain features of your home. These are meant to add style and a great look to the walls, floors and ceiling.

This is the best way of enhancing and enriching the home. One thing to remember about molding is that if you are using this on one item in your room then it will be a great idea to use the same type of molding on the other items of the room.