Temperatures are starting to dip around the nation as fall gets into full swing.
While the summer months provide the busiest home improvement season, fall can still be a great time for small projects or finishing touches homeowners hope to put on their property. Let's face it, nobody wants to be working outside in the cold of winter on a project that could have been done in the fall.
"Whether it is routine home exterior checks or appliance purchases, there are many ways homeowners can conduct basic, inexpensive home maintenance," Harold Dietrich, member of the American Institute of Architects Custom Residential Architecture Network, told the Idaho State Journal about the fall season.
According to the Zillow Digs Fall Home Improvement Trend and Spending Survey, as cited by The Wall Street Journal, more than half of all homeowners responding to the survey said they plan to make home improvements or additions this fall.
"Fall is a perfect transition time from outdoor to indoor activities, which is resonating in home improvement plans and trends," Cynthia Nowak, Zillow Digs trend expert, told The Wall Street Journal. "Parents are sprucing up indoor play areas to keep the kids active and occupied, while looking for ways to update their own workspaces for the season ahead as workdays are shortened by kid pick-up and drop-off duty."
Zillow's survey noted that the response was eight percent less than in the summer, but the 52 percent is still a strong number for the current economy. Homeowners plan to spend $1,000 on fall improvements to their homes.
Cash-strapped homeowners who are hoping to make fall improvements but can't find the means should consider a home equity line of credit. Qualified borrowers put their home up as collateral and receive an open line of credit for major purchases such as renovations, student loan repayment or a down payment on a car.
Update heating system
A home equity line of credit could give a homeowner the opportunity to purchase a new, programmable thermostat, which could save on energy costs in the long run.
A programmable thermostat permits homeowners to set the temperature by time of day and day of the week. Many new thermostats also come with wireless controls and available mobile applications that allow homeowners to change temperature settings remotely.
If an unplanned business or leisure trip materializes, you'll be able to set your heating and cooling system accordingly, saving you money on potential energy you would otherwise use in your absence.