Posted by: islamicfinancingnews | October 16, 2014

Watch out for these renovation mistakes

Getting involved with islamic home financing is one of the biggest investments you’ll ever make. There’s a lot to learn about how these islamic mortgage financing products are the same and different than more conventional western style mortgages and one place you can start is in reading about How It Works on our website.

After that you can start looking into how renovations are a sure fire way to increase the equity you have in your home. However, you need to understand there’s a few big mistakes that you’ll need to avoid when looking to undertake these renovations yourself.

• Make sure you have a plan that you work to. People looking to renovate often start by pulling off the wallpaper and then gutting a whole wall because they don’t know where to stop. checklistUnderstanding that not every job needs to be a complete overhaul is important. Sometimes just stripping the wallpaper is good enough.
• Remember that duct tape is only a temporary solution. All to often DIY’ers make the mistake of thinking this common remedy is permanent.

Rather than helping you to make money, renovation mistakes actually cost you dollars in the end when you need to gut what’s been done to have it repaired.

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