Our goals range far and wide, from fixing our diet to earning a new promotion or saving money.
So many resolutions focus on our interactions with those around us, but what about making some resolutions for your home? Here are six ideas to help keep your home in great condition and save money for your other plans.
6 New Year’s Resolutions for Homeowners in 2016
Refinance: If you want to reduce your monthly mortgage payment, consider refinancing. NASB offers refinance options on conventional, VA, and FHA mortgages.
Renovations: One of the best ways to increase your property value is to renovate. This study suggests the best places to renovate are kitchens and bathrooms. Keep it within reason and focus on combining aesthetics with long-term durability.
Credit History: Like going to the dentist, checking your credit score might send shivers down your spine. You could be pleasantly surprised, but if your fears are confirmed, use 2016 as the year to fix your credit troubles. Your future purchases, refinances, or home renovations may depend on it.
HARP: You know your home's equity isn’t great, yet you’re paying too much on your mortgage. HARP loans are for those stuck between a rock and a hard place. NASB offers HARP loans to qualified homeowners. Contact a loan consultant today to see if you qualify and if this government-sponsored refinance plan could lower your monthly payments.
Go Green: By this point, turning off the lights when you leave a room might be second nature. Go a step further with simple energy-saving technology like “green” light bulbs. If it’s in the budget, spring for a more cost-effective dishwasher. Do your part to reduce excessive water use and light pollution.
Basic fixes: If you've noticed water damage or cracks around your windows and doors, fix those minor problems before it’s too late. Word of caution: Consider hiring a contractor for anything outside of your expertise. It may be more expensive now, but a job done correctly will save you money.
Our homes are sanctuaries, so taking care of them is important. There are more cost-saving resolutions that could boost your property’s value or leverage your home into a better refinance position.
Remember, NASB is here to assist you with your unique home mortgage solutions. Good luck, and happy new year!
