If you’re going to paint, add lighting, put in shelving and storage, move electrical outlets, and install a computer network, expenses can add up quickly, not to mention if you’re going to pull a permit and build an addition. Refinancing may be the solution to remodel a bedroom into the home office of your dreams, and using a local title company keeps closing costs low.
You don’t have to use the lender’s title company when you’re refinancing real estate. In fact, you’re better off to use a local title company. A national title company usually costs more; whereas, a local title company can normally give you a better price because they’re not going to overcharge, or charge you fees that don’t apply to the area. (And if you ever do have a problem with your real estate title, you’re not at the mercy of a toll-free number; you can walk into an office to get help.)
Invest where you’ll get the best value, and that’s putting money into your home office renovation rather than toward unnecessary closing fees. Whether you’re self-employed or a home-based employee, using a local title company is a smart business decision.