Home Improvement is Great If You Know How to Finance It
With housing prices at an all time high, homeowners who have outgrown their existing home or feel that it no longer meets their needs have a dilemma. It would be great to move to a larger house, but the prices of larger houses are higher than ever. What to do? The savvy homeowner might consider remodeling. You can add an extra room, convert a garage or update a kitchen. It’s less expensive than buying another house, and there are many options for funding it.
Here are a few ways to obtain funds for home improvement purposes:
Credit cards – If you have received a recent offer for a low-interest or 0% interest “teaser” rate for applying for a new credit card, this may be your ticket. These offers are usually good for balance transfers from other accounts, and the rates are sometimes good for the life of the loan. This could be the best choice if you are doing the improvements yourself. Be sure to read the fine print, or that 0% interest could turn out to be 20% or more.
Home improvement stores – Sometimes, lumberyards and home improvement stores offer their own...
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