Access ID:
Pay Online Button

CD Rates

Home improvement financing great for remodels, do-it-yourself projects

Posted on Tuesday, September 10, 2013 at 11:03:06 AM

Many homeowners are faced with the decisions to either hire professional help or tackle home improvements on their own. In fact, more than three-quarters of DIYers reported not taking adequate protective measures, while one-third stated that they suffered an injury making repairs, according to Home improvement financing is a perfect method to afford any needed upgrades around a house, and picking the right ones could drastically improve the property's value.

However, enterprising homeowners should take precautions before hand, and be smart about their own safety as well as which projects they choose. Home Loan Investment Bank's Brian Harvey recently recommended several tips for anyone looking to pick up some tools and get to work. Harvey explained that DIY projects are both cost-effective and rewarding, making them smart decisions for many people - as long as they feel comfortable about the process.

"It is always best to take precaution with any improvement you will be tackling on your own," Harvey added. "Making sure to protect yourself by wearing the correct gear and clothing, using the proper tools for the job and both reading and accurately following directions are steps that every homeowner should take on a DIY project."

Home improvement financing should help get the projects underway, and some ideas won't cost too much, and can be performed without bringing in an expert.

"Common projects that are budget friendly and do not require the hiring of a professional include the painting or staining of the entry door and front porch," according to Harvey. "This cost-effective and relatively simple project can easily add a whole new look to your home. You can revive an outdated bathroom or kitchen with simple grout and tile maintenance or by updating the hardware with a new faucet, towel rack or vanity mirror. You can also give any room an instant makeover with new paint, door knobs and light fixtures."

"Paying for these projects is possible with the use of a Title One home improvement loan," Harvey stated. "With the Title One loan you can be your own contractor and the loan proceeds can be used to purchase the majority of if not all the necessary materials needed to complete these projects on your own."

Not every project needs be taken on solely by the homeowner. Hiring help can also be a good idea, and home improvement financing provides positives for both approaches toward a remodel.

"There are always larger scale projects that require the services of a licensed and insured contractor with the proper skills and training to safely and successfully complete your home improvements," explained Harvey. "Whether it be electrical work or plumbing needs or the addition of siding, windows or roofing an industry professional is better suited to handle these projects than the average homeowner. An additional benefit is that an estimate for the project is required to be provided and reviewed by the lender and Home Loan Investment Bank practices a precautionary measure by doing a basic background verification on the contracted company to confirm that they hold the proper insurance and state applicable licensing as it would apply to your project."