More houses are turning into high-tech hubs of connectivity and convenience. Technology, in fact, has become one of the improvements most requested by homeowners according to home builders and remodelers.

Cameras are also a component in the connected home, in fact there is a growing trend among homeowners who are replacing costly security systems and monitoring services with self-controlled cameras.

LED lights are another sought-after, high-tech feature, due to their energy efficiency. Consult with a cool lighting system company that offers products with geo-fencing technology, as well as smartphone control capability.

No high-tech home is complete without a connection to the outside. During your tech renovation, consider installing a universal system that controls both indoor and outdoor features, such as a flat-screen television or surround-sound.

Home improvements can be expensive but if you are a current owner looking to enhance your home and its value there are options for you that won’t break the bank.

With mortgage rates at historic lows, it’s the perfect time to slice your monthly mortgage payment and consider a cash-out refinance. The best use of cash-out refinancing is for home improvements that increase the value of your home.

• It allows you to pay off your existing mortgage—including closing costs—and have money left to spare.
• Your new loan may have a lower interest rate.
• You get immediate access to cash that can be used at will for big-ticket items like home improvements.
• Home improvements can increase your home’s resale value.

If refinancing your mortgage and plucking out cash for home repairs is your best financial move, there are some steps you can take to accelerate your payments. If you're five years into a 30-year mortgage, for example, consider a 25-year or shorter term on the refinanced loan. Or accelerate your payments to pay off the balance in the 25 years remaining on your original loan. Making additional payments on principal is another option. Speak with an experienced Loan Originator to discuss your options and get a full analysis of your current mortgage.

This is could be one of the best option for homeowners who would benefit from refinancing anyway, perhaps with a lower interest rate, as long as they don't spread the cost of the improvements over more years than the renovation will last.