Do you think you’ll live in your current home for the rest of your life? Imagine how good it would feel to invest in luxury home improvement projects. You’re probably scared you can’t afford anything too exciting.
If you have a mortgage, it’s not necessarily true. It’s possible to extract money from your home if it’s what you really want, which won’t take long to arrange. Here are a few things you’ll be able to do with the extra cash.
1. Install Heated Flooring
One of the best ways to refinance your mortgage to your benefit is by installing heated flooring. Do you travel to warm countries for a yearly vacation? It’s nice walking barefoot on lovely European floors.
You can’t say the same about floors in North America, especially during winter. It’s even worse now because carpets are becoming less fashionable. A heated floor feels like heaven when you step out of the shower.
2. Professional Pool Table
Most families eat dinner in front of the TV, so dining tables are gathering cobwebs. The dining room is valuable real estate, so you don’t want it sitting empty. I’m sure you’ll enjoy playing pool on a professional table.
If you find a good reverse mortgage rate, you’ll feel fine splashing some of the cash on a pool table. It’s better if you have a games room in your home, but the dining room is usually large enough if it’s your only option.
3. Reclaimed Wood Countertops
It’s worth investing lots of money into your kitchen because it’s a popular room. Unless you order food through delivery apps every day, you’ll spend hours cooking. You’ll enjoy working on reclaimed wood countertops.
Everyone will notice it as soon as they walk into the kitchen. Marble is good if you want something just as fancy but look around for a good deal. You can look at granite and quartz if the aforementioned materials aren’t suitable.
4. Hang A Beautiful Chandelier
A chandelier is something you’d expect to see if you walked into a mansion. You won’t be able to buy a chandelier the size of a small car, but you’ll be able to get a nice one. It’s a lot more than a source of light.
Spend time choosing the right one because some designs can look tacky. It’s possible to hook chandeliers up to dimmer switches, which creates a nice atmosphere in your home while saving energy at the same time.
5. A Luxury Mattress And Sheets
It feels like you’re floating in a cloud when you jump into a freshly made bed in an expensive hotel. The mattress is a hundred times better than what you’ll find in most homes, plus the sheets have a huge thread count.
Why would you not invest in an expensive mattress and sheets? You sleep in your bed every night, so you’ll get your money’s worth. If you like watching TV in bed, you should think about getting an adjustable one.
It’s Okay To Treat Yourself
If you’ve been paying off your mortgage for years, you have more money than you think. It’s okay to treat yourself if you want to use some of the equity in your home.