Homes are similar to people. They get old and can begin to reveal their age if not properly maintained. If you live in an old house, you have probably experienced problems like water leaks and air coming in around the windows. That’s where renovation comes in handy.
We can help you take back control of your house. Whether you are thinking of simple home improvements such as caulking to seal around windows or a total gut renovation, you can use 203(k) loan service to start your project. a 203(k) loan can be used for various things including electrical repairs and plumbing upgrades as well as kitchen and bathroom remodeling. If you live in the Philadelphia area and are thinking of renovating or remodeling your house, Matrix Company Solutions Corp. can assist you with this process.
Who Can Benefit from the Gut Renovation?
This may be the first question that comes to mind. If you are a homeowner or are planning to buy a home in the future, renovation can benefit you!
In old houses that are lacking modern amenities, a renovation project is a solution for problems such as structural defects, outdated plumbing, and old wiring. Renovation is also a great choice for homeowners who think their home is lacking warmth and comfort. A redesign of your home will make it feel more spacious; you can even add additional space.
Read More: How Do I Add Extra Space to My Philadelphia Home?
If you are planning to buy a home, consider purchasing a fixer-upper and doing renovations using a 203(k) loan. You will pay less for the house plus have the extra money in your loan to spend on the design and renovation project.
What Does a Home Renovation Involve?
First, you must decide if you want to do a complete or partial home renovation. The kitchen is usually the first place most people think to renovate. The kitchen is the most used and attention-grabbing space in every home, renovating it will increase its functionality, beauty, and charm. Basement renovation or remodeling is also popular because it converts unusable space into livable space. Other renovation projects may include bathroom, attic, and backyard makeovers. Based on your budget and preferences, you can choose to renovate one or more of these spaces.
What is a Gut Renovation?
Gut renovation is a common term for a complete makeover in which every surface, appliance, and fixture is replaced. On the other hand, an actual gut renovation entails knocking down interior walls, replacing plumbing and electrical systems, and renovating all visual spaces. Gut renovation is our suggestion for people who buy a fixer-upper or homeowners who want to give their home a completely new look!
Costs, design, timing, and permits all contribute to a gut renovation. This type of renovation may appear complex and filled with many questions. Hiring the correct contractor, who is experienced and able to handle unforeseen gut renovation issues, is critical to a successful remodel. Matrix Company Solutions Corp. has over 25 years of experience with renovation projects in the Philadelphia area.
Why Should You Consider Renovation?
The answer to this question may assist you in making a better renovation choice. A home renovation can significantly improve the comfort of the space while enhancing your mood. A home renovation can also make better use of previously underutilized spaces such as converting a basement into a home gym, family room, or children’s play area.
Moreover, it can help your home become more environmentally friendly. Installing ceiling fans, changing to energy-efficient light bulbs, and switching to a programmable thermostat can all help save money on your energy bill while helping the environment.
The last and most prominent benefit of a home renovation is the added value to your property. This value usually outweighs the money spent on the renovation. So you can think of it as an investment in yourself.
There are also renovation choices for people who have a smaller budget. One choice is to consider more affordable home improvements. For example, refresh your home with paint, refinish your existing cabinets, or add decorative stair trim brackets to give a clean, fresh look.
There is one more option. Consider using a 203(k) loan for a complete renovation. You can use this loan to buy and renovate your home simultaneously or to renovate your current home.
Renovating Philadelphia Row Houses using a 203(k) Loan
If you live in Philadelphia, you know that the majority of houses are row houses. These houses are old and usually small. Renovation and 3rd-floor additions, which add extra space, are the specialty of Matrix Company Solutions Corp. We are a Certified 203(k) Contractor with over 25 years of experience in the Philadelphia area.
The success of your home makeover is mainly determined by the details which begin with creating the vision. If you are ready to start renovating your house, our team of specialists can assist with everything from new cabinetry to bathroom and kitchen renovation as well as adding a 3rd floor. If you need to finance your project, we can assist with a 203(k) loan.
Contact us right away! We are excited to help you start your renovation project!
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