Whether you’re looking to buy, sell, or stay in your home, you may be considering a home improvement project. And while renovations can help increase the equity of your home, and add a personal touch, they can be costly.
Home equity loans and home equity lines of credit (HELOC) may tap into your home’s equity to fund improvement projects. And not all improvements will create the highest possible return on investment.
Personal loans offer a possible alternative to home equity financing. Home improvement loans can make it easy to increase your home’s value without tapping into equity.
Home improvement loans are useful for financing:
- Kitchen remodels
- Bathroom remodels
- New deck/patio/porch
- New exteriors
- Green homes
- Home repairs