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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Remodeling $$$
Just curious about how everyone funds their remodels or home improvements.
Maybe I should include a poll?
HELOC?
Savings?
Lottery winnings?
Retirement accounts?
Sugar Daddy/Mama?
Credit cards?
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Posted 5/8/09 11:05 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
MrsFlatbread
Skinny jeans are in my future
Member since 6/06 10258 total posts
Name:
Baby Momma
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Re: Remodeling $$$
We are using money from DH's commision and part savings for our Kitchen remodel and our den expansion/bathroom addition
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| Posted 5/8/09 11:08 AM |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: Remodeling $$$
savings. or home depot CC at 0%.
we have a lot of property and will most likely to a large extension in a few years if we do stay in this house, which will cost over $100K, so at that point we would refi/heloc.
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| Posted 5/8/09 11:27 AM |
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MetsGirl07
LIF O2 Vendor
Member since 12/07 16202 total posts
Name:
Deanna
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Re: Remodeling $$$
for us it was inheritance, and savings
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| Posted 5/8/09 11:52 AM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Remodeling $$$
0% credit cards
I refuse to pay interest on ANYTHING.
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| Posted 5/8/09 11:52 AM |
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JldDolphin
Member since 1/07 6929 total posts
Name:
Jen
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Re: Remodeling $$$
when we bought the house the first remodeling was from our savings.
The Family Room Remodel is from our tax return this year.
We haven't done one project on this house that we didn't have the actually cash for. So far it's worked for us. We also have a tenant in our house right now, so that is helping as well. So it's our Savings account all the way.
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| Posted 5/8/09 12:14 PM |
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Mrs007
Im obsessed w my lil man!
Member since 3/09 2528 total posts
Name:
K
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Re: Remodeling $$$
We plan on using our first time homebuyers $8,000 towards a new roof next year.
We also agreed that since we only need cosmetic things done, we would use our tax refund money each year to update the house.
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| Posted 5/8/09 1:24 PM |
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KLSbear
LIF Adult
Member since 1/06 1908 total posts
Name:
Karen
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Re: Remodeling $$$
Up until this year it's been savings and income. We did some major renovations this year and put a portion of it on a HELOC. We expect to have that paid down by the end of the year and other than the mortgage it's the only loan / debt we have. No student loans, car payments, CC debt, etc. and it's just a small fraction of the equity we have in the home so we're not over-leveraged.
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| Posted 5/8/09 7:49 PM |
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~Colleen~
my loves...
Member since 5/05 9129 total posts
Name:
guess
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Re: Remodeling $$$
Typically when DH gets a bonus, we will use that. Our most recent project (patio, walkways, outdoor furniture, lighting, landscaping) we've used our tax return $$ so as not to disturb our savings.
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| Posted 5/8/09 8:03 PM |
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Tine73
Member since 3/06 22093 total posts
Name:
*********
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Re: Remodeling $$$
We haven't done anything major, but we have bought most of our furnishings/decor from our bonuses.
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| Posted 5/8/09 8:24 PM |
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ckone
LIF Adult
Member since 8/06 3014 total posts
Name:
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Re: Remodeling $$$
Posted by MetsGirl07
for us it was inheritance, and savings
Same.
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| Posted 5/8/09 9:29 PM |
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LulaBell
:)
Member since 1/06 3508 total posts
Name:
J
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Re: Remodeling $$$
Savings - we put our tax return money into savings each year so that makes up a portion of it.
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| Posted 5/9/09 6:46 AM |
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MrsFlatbread
Skinny jeans are in my future
Member since 6/06 10258 total posts
Name:
Baby Momma
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Re: Remodeling $$$
Posted by JldDolphin
We haven't done one project on this house that we didn't have the actually cash for.
Ditto. And I am noticing that we get such a better deal with contractors when we say we will pay cash!
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| Posted 5/9/09 8:08 AM |
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laurabora
LIF Adult
Member since 4/07 2712 total posts
Name:
Laura
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Re: Remodeling $$$
HELOC and bonuses
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| Posted 5/9/09 8:47 AM |
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MrsM-6-7-08
<3
Member since 8/06 4249 total posts
Name:
Nicole
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Re: Remodeling $$$
inheritance, which is long spent.
Now just using salary because we are no where near done.
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| Posted 5/9/09 9:00 AM |
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LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
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Re: Remodeling $$$
We save until we have enough cash.
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| Posted 5/9/09 10:05 AM |
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sunnyplus3
:)
Member since 11/05 8749 total posts
Name:
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Re: Remodeling $$$
when we first purchased the house we used some 0% CCs now we use savings/bonus money for everything.
We've been in our house 5 years & we've never had a HELOC. We are considering a refi to take advantage of these crazy rates but we will not take cash out.
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| Posted 5/9/09 5:36 PM |
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