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Effective ways to update, improve residential properties this summer

Posted on Monday, June 3, 2013 at 12:52:18 PM

Homeowners across the country like to spend time outside their houses and enjoy the warm weather during summer. 

There are many projects which can enhance outdoor living spaces, like patios, elevated decks and in-ground pools, but some require more time, space and money than others. Consumers considering obtaining home improvement financing in order to enhance their property's offerings may benefit from making a number of smaller updates, rather than one large modification.

"For any homeowner on a budget, there are a number of low-cost and budget-friendly projects that improve curb appeal and functionality," said Brian Harvey, home improvement lending representative for Home Loan Investment Bank. "Upgrading kitchen work surfaces and adding new hardware to cabinets and drawers can transform a kitchen at a fraction of the cost of a full scale remodel. Building a deck is probably the quickest and most affordable way to add living space to your home. Replacing bathroom components such as a new faucet, shower head, toilet and other hardware will make the space safer, more attractive and easier to use."

A number of cosmetic improvements can also greatly increase the attractiveness of a residential property, and enhancing functional spaces can heighten both resale values and homeowner appreciation.

"One of the most economical ways to customize any area is by brushing on a new look with fresh paint and even adding crown molding, chair rails and other trims," Harvey added. "Cost-minded homeowners can also assess their storage spaces and home organization. By installing a space-saving closet organizer or creating a shelf system in an office or garage, any homeowner can improve the flow and add living space to any area of their home."

Individuals hoping to personalize their living spaces and update the look of their house can benefit from researching opportunities for home improvement loans with HLIB, a trusted source of financing for multiple decades.