Contrary to popular belief, you don’t have to be super rich to own a luxury home. You don’t even need to move to achieve this goal. If you are a homeowner already, all you need is a budget and a dream. If you’re like many people, your dream home must include luxuries like; a spa, swimming pool and Jacuzzi, a gourmet kitchen etc. Creating your own luxury oasis shouldn’t therefore be a problem. This leads us to some very important questions; how do you make your home luxurious, what do you need to know? To answer these questions, below are 3 important steps to consider.
Step 1: Find Out How You Can Fund The Renovations / Remodeling
Most people shy away from remodeling their homes into luxurious havens because they lack the funds to do so. It is however important to note that funding isn’t such a big issue if you focus on being creative and resourceful. To own a luxury home, you need to get rid of the scarcity mentality. Instead of focusing on how you don’t have money at the moment, think of the financing options available to you.
For instance, many financial institutions offer home equity loans to home owners who would like to renovate or remodel their homes. There are other options such as refinancing. Regardless of your credit score or rating there are many financing institutions willing to take over your mortgage loan and still give you an advance which you can use to upgrade your home. Provided your home has adequate equity/value, this option is always available.
There are many other options catering even for those individuals who have an average to low income. For instance, many counties offer home improvement loans to homeowners. These loans feature very flexible repayment terms. For instance, you can defer payment till you sell your home. Also, the loans don’t require credit checks. It’s however important to note that every county has its own unique rules and requirements so it’s important to contact your county to get more information.
If you don’t find any suitable financing options above, you can still realize your dream by saving up. You can open up a high-interest savings account to help you accumulate money faster. Depending on how much money you are able to save every month, it’s easy to find out when you can start your remodeling project. Although this option is the slowest of all options discussed here, it’s a great option for people who don’t like debt.
Step 2: Decide If You’ll Hire a Professional Contractor or Do The Project Yourself
Once you’ve known how you will raise the money needed to transform your home, it’s time to think of how you will execute the project. Some people are very handy at home. If you’re one of those people who love fixing things yourself at home, you can consider making the remodeling project a DIY (Do-It-Yourself) project. You stand to enjoy every bit of the project and save a lot of money in the process. It is however important to ask yourself if you have the relevant experience, expertise and time to execute the entire project seamlessly on your own. If not, you’ll need to hire a professional contractor.
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Hiring help may appear expensive at first glance, however, it saves you a lot of time, effort and guarantees results. When hiring a professional contractor, consider one who is skilled and experienced in all aspects of luxurious home remodeling for you to get the best results. Hiring such a contractor also reduces your expenses because you’ll only need to hire one professional for the entire project. Highly skilled and experienced contractors can double up as landscapers, interior designers etc.
Step 3: Decide The Kind of Luxuries You Want To Add To Your Home
Now that you already know how to source funds for remodeling your home as well as how to do it, it’s time to get some ideas on some of the most popular extravagant additions to add to your home. Although everyone has their own ideas of what a luxurious home should look like, there are common ideas shared by everyone. For instance, many people consider pools, Jacuzzis, central air conditioning and gourmet kitchens to be luxurious home features.
Since many people spend a lot of time in the kitchen and kitchens can be easily transformed into luxurious havens, the kitchen is usually the first room to be upgraded. New kitchen cabinets, counter tops, flooring, sinks, and appliances like built-in refrigerators and dishwashers are bound to make your kitchen luxurious.
It is also important to note that you need a beautiful exterior to complete your home’s luxurious look. Your home’s exterior includes, but isn’t limited to; siding, windows and landscaping. In regards to landscaping, you can hire a professional landscaper although it’s not necessary to do so since most people find gardening enjoyable. You should however brace yourself for some challenging work if your exterior is in a really bad shape. If you’re not in a position to do excellent landscaping, hire a professional landscaper to do the work for you. When your outdoors starts looking like a million dollars, you’ll be glad you hired a pro.
If you choose to get new custom window treatments, you can save money by doing a few rooms at a time instead of buying window treatments for the whole house at once. You can enjoy some more savings by measuring everything yourself and going to Lowes or The Home Depot to choose ideal window treatments. You can also save money installing your new drapes, blinds or curtains.
The above steps highlight the most important information to consider when you want to transform your home into a luxury oasis. Regardless of what you choose to do to your home to make it luxurious i.e. whether it’s adding luxurious spaces to transforming your outdoors, never give up. You are bound to encounter many obstacles that may make the entire process seem impossible, however, anything can be achieved provided you have the patience, determination and you are willing to work hard. Although there may be other steps that can help you further, the above information is more than enough to guide you on the right path.
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