Quarve Contracting
Wednesday 31 December 2014

Financing Your MN Home Improvements Inside and Out

Posted by at 4:59 PM

12dec29c3a14 Financing your home improvement project doesn't have to be an intimidating process Home improvements can be expensive, no matter what you choose to do to the inside or outside of your home. But don't let a lack of cash stop you from taking care of things you know need to be done.  There are options available for you to use, depending on the type of project that you’re trying to do. The best financing option that you choose to go with is the one that is going to provide you with the best return. One of the most frequently used ways to get a home improvement job done is through a home equity line of credit. Depending on the amount of equity that you have on your home currently, you’re able to borrow some of it and use it to put more value into the home.  It is often one of the easiest ways to get the cash in hand that you’re in need of. However, there are some considerations to make when choosing to go with a home equity line of credit. Depending on your credit history, this money can be easy to get, but one thing that every homeowner must keep in mind when it comes to borrowing it is that if you do not pay it back, you risk losing your home. A home equity credit line is also more flexible than other financing options.  Rather than getting a fixed amount up front, you can draw the money as you need it, up to the amount you're approved for.  But keep in mind that as your draws increase, so do your monthly payments.  Resist the urge to think of this as an opportunity to splurge; it is wise for the homeowner only to take what is absolutely needed in order to complete the renovations. If you're ready to tackle a home improvement or repair but don't know how to get the funds you need, why not talk with us about your project?  We can give you an estimate and then point you in the right direction for funding options.  We offer exterior home improvements such as roofing, siding, gutters, and replacement windows and doors in the Minneapolis and St. Paul MN area.  For a free consultation, call us today at 763.785.1472.