Spring time is traditionally the time of year when many people begin to consider making improvements to their homes. Home tours begin soon, which adds a little more excitement to the home improvement bug that is going around.
However, while the economy continues to slowly make improvements, and even with an upturn in the housing market, many of us are still wondering if making home improvements is a wise decision. A few thoughts that may come to mind are, “Can I afford to do it, should I do it, and are there banks out there willing to lend money?”
Luckily, here at United, we have the ability to lend money to the local community and are working with clients to determine the right financing options to meet their needs.
How do you start the process?
First and foremost, determine what improvements you would like to make to your home. Are you looking to do repairs to your home such as replacing windows, updating carpet or purchasing appliances? Maybe you’re interested in adding on to your home or remodeling a bathroom and doing a construction project.
Second, it is wise to consider if your home improvement project will add value to your home or not. Remodeling key areas of your home such as the kitchen tend to add value, while improvements, more cosmetic in nature, generally do not. You need to determine what is of greatest importance to you- adding value to your home, making your living space more enjoyable or both.
Once you’ve made it through these first two steps, you’re ready to consider your financing options! Be sure to contact your United Bank & Trust banking office to determine the best options for you. Your local banking experts will review with you two important financing options- applying for a Home Equity Loan or refinancing your home.
Are You Ready to Begin?
Follow the process above, and you’ll be on your way to curing your home improvement bug. If you have more questions, please contact United today. We would love to help you find the right solution to meet your home improvement and financing needs.