Posted by: islamicfinancingnews | January 28, 2014

Some handy renovation ideas that work well with Islamic loans

You wanted to be sure you were getting the best value for your dollar when you decided to buy a home so you started off on the right foot with Islamic loans. That way you could stay Sharia compliant and that’s important as a practicing Muslim. However, you soon learned there was more to keeping up the equity in that home than just the Islamic mortgages you used to pay for it.  Maintenance and renovations are another central part of good home

islamic loans and renovations

ownership practices.

When you’re spending money on renovations, there are those that are worth the money because they have a good return for the homeowner. These include:

  • outside components. Newer windows cut down on the heating costs and generally improve the house’s appearance.
  • upgrades. If you live in an older home, upgrading the electrical system is essential both for your own enjoyment if you plan on staying and for resale if you want to sell.
  • cosmetic mouldings. These can be added to the floors and ceilings in the dining and living rooms.

Being smart with your money is about staying Sharia compliant with Islamic loans, but you also need to be careful about where you spend when it comes to renovations.

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