Moving Forward - Remodeling - DIY Chatroom Home Improvement Forum


Go Back   DIY Chatroom Home Improvement Forum > Home Improvement > Remodeling

CLICK HERE AND JOIN OUR COMMUNITY TODAY...IT'S FREE!

Reply
 
Thread Tools Display Modes
Old 04-01-2007, 09:00 PM   #1
Newbie
 
Join Date: Mar 2007
Posts: 27
Rewards Points: 25
Default

Moving forward


Well, I am thinking of moving forward with this project though I won't be completely done when my equity line runs out. I am posting this here just to hear anyone's opinions on the matter from personal experience or just a different point of view.
With the equity line we have, and a completely unfinished attic, we can afford to get a 12 foot dormer finished on the exterior, all interior walls framed with 2 pocket doors and 1 six panel door installed, stairs completely rebuilt, dual zone air conditioning, new elect. box/meter/overhead wire and all interior wiring, and all plumbing that is needed. I have gotton several estimates and found the best prices and/or professionals.
So I will have to finish the floors, insulation, drywall, painting, fixtures as I can afford it.
I figure that even if it takes a little while I will be closer than I am now.
What do you think?

Advertisement

ajoantmug is offline   Reply With Quote
Old 04-01-2007, 09:17 PM   #2
Eibwen
 
Join Date: Mar 2007
Location: Virginia Beach, Va
Posts: 849
Rewards Points: 500
Default

Moving forward


Save a couple of bucks each week and set it aside to do the improvements when you can afford them paying cash..

Dont go into debt with an equity line to do them.

Advertisement

Sammy is offline   Reply With Quote
Old 04-01-2007, 09:23 PM   #3
Newbie
 
Join Date: Mar 2007
Posts: 27
Rewards Points: 25
Default

Moving forward


I should mention that when we have utilized the equity line we will roll our loans together to lock in a good rate and avoid the higher equity line rates. We have a arm loan that is about to expire also, so this is a perfect time to refinance.
ajoantmug is offline   Reply With Quote
Old 04-02-2007, 01:08 PM   #4
Member
 
Join Date: Nov 2005
Posts: 141
Rewards Points: 75
Default

Moving forward


If you have the equity why not refi now and take out the needed amount for the project? Rates could be higher by the time you get the work done and if by chance you draw too much you can always put it back
Zero Punch is offline   Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Moving a hard gas line. jadams68 HVAC 8 01-12-2007 09:40 PM
Moving from 12/2 to 14/2 bbarnhart Electrical 4 12-04-2005 07:26 PM
moving a door Cait General DIY Discussions 2 10-02-2005 08:13 PM




Top of Page | View New Posts