Decks are a great way to improve the value and overall attractiveness of your home, but they aren't always the cheapest way to do so. While most decks recoup a substantial percentage of their material costs in appreciation value, the initial price tag may be enough to turn some homeowners off to the prospect. But if you meet the right conditions, a decking project may be within your grasp, through a grant or a subsidized loan.
Here's a short list of funding options that you may be able to apply to your decking project.
HUD's 203(k) Program. If you're buying a home that the realtor describes as a "handyman's special," that generally means you'll have to plunk down some cash to make improvements before a bank will approve a mortgage. The Department of Housing and Urban Development offers its 203(k) program specifically for situations like this. What's not often mentioned is that homeowners wishing to refinance are also eligible. Installing a deck or decks is one of the most reliable ways to improve a home's value, so including a decking project in your assessment of the necessary repairs may make the home in question a more attractive prospect to the lender.
Property Improvement Loan Insurance. Under this program, the Federal Housing Administration insures home improvement loans made by private lenders, in an effort to make it easier for people to increase the value of their homes with projects like decks, basement remodeling and home additions. The maximum loan amount is $25,000 for a single-family structure - considerably more than enough to complete an extensive decking project.
Indian Home Loan Guarantee Program. This program, which targets Native American families and tribes, is most often used for home purchases, but it also guarantees rehabilitation loans. Decking is often included in housing rehabilitation projects.
Housing and Community Families. The United States Department of Agriculture's Rural Development office offers a broad variety of loans and loan programs to persons living in rural communities. Many of these programs cover home improvements and renovations, as well as housing rehabilitation, meaning they'll likely cover a decking project, especially if it's part of a larger renovation scheme.
Kevin Ott is a freelance copywriter who writes about several topics, including home improvement, food, travel and marketing. One of his clients is Sequoia Supply, the premier supplier of quality decks and decking materials (to both contractors and do-it-yourself homeowners) in the Northeast.
Visit Sequoia Supply here:
This post was made using the Auto Blogging Software from WebMagnates.org This line will not appear when posts are made after activating the software to full version.
沒有留言:
張貼留言