Increase the Value of Your Home with New Windows

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If you are interested in finding ways in which you can effectively increase the value of your home, you are not alone. One of the surest steps you can take to increase the market value of your residence is to add new windows to your home. There are a number ways in which the addition of new windows to your home increases market value.

 

If you’ve not immediate plans to sell your residence, you may not be immediately concerned with the idea of increasing the property value of your residence. If you are beginning to formulate plans to put your home up for sale, increasing its market value if imperative.

 

The Balancing Act

 

The underlying dilemma of effectively increasing the market value of your residence is balancing what you spend for an improvement against the actual increase in the value. Unfortunately, what happens in many instances is that a homeowner makes an investment in improving some aspect of the property. He or she spends money to accomplish this objective. There is a bump in the value of the property. Unfortunately, the increase in value of the home is less than what is expended by the homeowner in making a repair or improvement.

 

Over time, the improvement may contribute to ongoing increase in the value of a residence. However, that is not helpful if the plan is to place the residence up for sale in the more immediate future.

 

Longevity

 

A key way in which the addition of new windows adds value to your home is found in longevity. Properly designed and crafted, installed, and maintained windows can last for a significant amount of time. In fact, high quality windows are capable of lasting the lifetime of the home, provided there is not some damage done to them. As a consequence, the longevity of new windows is a factor that contributes directly to the enhancement in value of the property following installation.

 

Portable Warranty

 

If you are contemplating adding windows to your residence as a means of increasing property value, the warranty associated with the new windows very well may prove to be a valuable asset as well. In today’s world, a warranty on many newly installed windows follows the home. A warranty is portable. What this means is that the buyer of your home will be able to take advantage of the warranty in the same manner as you would have been able to do if you retained ownership of the residence.

 

There is one important caveat that you must bear in mind. If you are an avid do it yourself enthusiast, you cannot take on the task of installing windows with a warranty on your own. The bottom line is that the warranty associated with windows oftentimes is cancelled if the installation is not undertaken by an approved contractor. In other words, if you install these new windows yourself, you void the warranty.

 

Energy Efficiency

 

Yet another reason why new windows will improve the market value of your home is energy efficiency. In this day and age, replacement residential windows are designed enhance energy efficiency in the property. In point of fact, the amount of money saved through the installation of new windows, when contrasted with costs associated with the old ones, results in the new windows paying for themselves over time because of lesser money being spent on energy.

 

Curb Appeal

 

Curb appeal nearly always is improved when new windows are installed at a residence. The fact is that many new windows today are nicely designed. They are designed in a manner so that many models of new windows are suitable for a wide variety of different types of architectural schemes.

 

Style. Newer pretty much always means more value, especially when it comes to new and impressive styles. Windows have changed a lot in recent decades, and out-of-date windows are easy to spot. Your home dramatically increases in curb appeal and modernization with the addition of new and well-designed windows.

 

In the final analysis, in some cases, depending on where you reside and the type of windows you end up having installed, immediately after installation, the increase in value for the residence as a whole is an amount equal to 95 percent of the cost of the windows. The remaining 5 percent is made up not long after that.

 

This is not a guaranteed return on the windows investment. As noted before, the payback on the increase in residential value can take a longer time to occur. Nonetheless, there are plenty of examples in which the market value improvement was been swift.

 

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Jessica Kane is a professional blogger who writes for Scaffold Store, the favorite and trusted scaffold supplier of the largest contractors.

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The Difference Between Payday Lenders and CDFIs

Loans

Economically challenged individuals do have some options available to them when it comes to loans and other types of business and personal financial assistance. Two types of entities in the United States that provide financing of different types, and in different ways, to economically disadvantaged individuals are community development financial institutions and payday lenders.

 

CDFIs did have something of a checkered past three decades ago. In this day and age, there is governmental oversight of their operations and the generally are regarded as proving access to financial services and loans to individuals who might not otherwise be able to obtain this assistance.

 

Payday lenders remain controversial and under scrutiny today. They are not regulated by a governmental authority in the same manner as a bank or savings and loan. The have been subject to litigation and governmental investigation with considerable regularity in recent years.

 

There are a number of other differences between CDFIs and payday lenders. It is important to understand these differences if you are seeking some type of financing.

 

 

Overview of Community Development Financial Institutions

 

A CDFI is a financial institution that is designed to provide financial services and credit to underserved segments of the market in the United States. A CDFI comes in a number of forms that include:

 

 

  • community development bank

 

  • community development credit union

 

  • community development loan fund

 

  • community development venture capital fund

 

  • microenterprise development loan fund

 

  • community development corporation

 

 

 

A CDFI is certified by an entity of the U.S. Treasury Department. The certification authority is the Community Development Financial Institutions Fund. The Community Development Financial Institutions Fund provides funding to individual CDFIs through a variety of different programs.

 

The Community Development Financial Institutions Fund and the legal underpinnings for CDIFs came into being via the Riegle Community Development and Regulatory Improvement Act of 1994. Although the conceptual legality of CDIFs was recognized in this law, CDIFs were in existence for at least 20 years prior this Act.

 

The broad purpose behind a CDFI is a primary mission associated with community development. The target market can come in the form of a geographic area or a demographic group of residents in a community. Although certified by an agency of the federal government, a CDFI is not a governmental entity itself.

 

The Housing and Economic Recovery Act of 2008 authorized certified CDFIs to become members of Federal Home Loan Banks. Each of the 11 Federal Home Loan Banks evaluate applications for membership submitted by individual.

 

The regulation of CDIFs varies. So-called regulated CDFIs are regulated by the federal government. So-called unregulated CDFIS are in fact regulated by state authorities.

 

There are approximately 1,000 CDFIs in operation today. CDIFs originated about $3.6 billion in loans and investments in 2016. These loans and investments provided funding for about 13,000 businesses and 33,000 affordable housing units in targeted communities in the United States.

 

Overview of Payday Lenders

 

At their essence, payday lenders are companies that lend consumers small amounts of money at high interest rates. The loan is made with the obligation on the part of the borrower to repay the loan, together with accumulated interest, on his or her next payday.

 

Payday loans are typically in amounts that range from $100 to a maximum of $1,500. The average loan is in the neighborhood of approximately $300 to $400.

 

Oftentimes, a person who obtains a payday loan does not pay if off o the date if his or her next paycheck. Rather, they roll the loan over for another period, accumulating even more interest.

 

Laws have been enacted since the Great Recession of 2008 to make payday lenders more transparent. The Truth in Lending Act does require a payday lender to disclose interest rates and other costs associated with a loan. The reality is that many people ignore this information.

 

Unlike a CDFI, a payday lender has not connection whatsoever to the government. Indeed, a notable number of payday lenders have been targeted by state and federal governmental agencies as a result of their business practices.

 

Finally, a payday lender makes only short term, low dollar personal loans. A CBFI can make higher dollar business loans in addition to personal ones.

 

Summary

 

Many individuals and businesses have benefited by accessing the services of a CDFI. A considerable number of consumers have obtained a small amount of quick case from a payday lender. More often than not, in the long run, these consumers paid a considerable amount to get that cash.

 

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Jessica Kane is a professional blogger who focuses on personal finance and other money matters. She currently writes for Checkworks.com, where you can get personal checks and business checks.