Monday, February 23, 2009

Could Short-Term Loans Help Boost Home's Selling Price?

Getting the best price in a bad market

The way your home looks from the outside can greatly add to its selling price.

The way your home looks from the outside can greatly add to its selling price.

One of the tests for when it’s OK to get short-term loans is whether they can actually help you  make money.

Now is a terrible time to have to sell your home, as values for housing have sunk so low. But life happens, and if getting short-term loans to fix up your house could push up your home’s selling price, it could be a good investment.

Almighty curb appeal

The best way to increase the amount you can get for your home is to start on the outside, according to CNNMoney.com.

If the siding on your home is worn or damaged, replacing it is a good first step. If taking out short-term loans to get your siding repaired quickly will get more buyers looking at your home sooner, it might be worth it.

Siding tips

According to a remodeling survey, fiber-cement siding is the best way to get your money’s worth and add value to your home. Also, if only a portion of your siding is in really bad shape, consider replacing just that part. If you can get away with patching and painting the rest, go for it.

Stack your deck

If  you live in a warm climate, adding a deck to your home will greatly increase its value. Eric Stalemark, a contractor and founder of Decks.com, says that cedar is the best wood to use for a deck based on durability and appearance. ... click here to read the rest of the article titled "Could Short-Term Loans Help Boost Home's Selling Price?"

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