there are number of home improvement projects which is been employed like additions (http://www.slideshare.net/leeshin12/home-additions-a-trending-home-improvement-method) insulation, home remodeling to enhance the look of the home or for efficient energy resources. budget plays major role in all the home improvement projects. the slides shows the list of financing sources
2. Home Improvement Projects
• The home improvement projects pulls more amount as
the work and the size of the project is high.
• Home improvement project is of many types like
insulation implementation, home repair and remodeling,
etc..
• Whatever the project may be the investment is more, so
folks tend to seek number of finance source for the
completion of the project.
• The list of home financial sources are explained below:
3.
4. Home Equity Loans
• The home equity loans bare the fixed rate of interest
over the period of loan settlement.
• The principle and the interest should be settled based on
the monthly plan.
• There is the penalty involved when the payment if the
loan is paid before the certain period of month.
5.
6. Home Equity Line Of Credit
• This the type of loan which can be borrowed periodically.
• This has the interest rates which can be adjusted. For
certain duration, the interest only is paid and the rest of
the years, remaining amount other than interest is paid.
• This is suitable for the periodical projects which is done
every year, every 6 months, etc…
7.
8. Contractor Loans
• There are some of the remodeling contractors who
provide the financial sources for the customers.
• Hiring such contractors seems to be beneficial, but there
is the chance, that they increase the work loan purposely
to increase the investment.
• The interest rate fixed by them vary depending on the
agencies.
9.
10. Personal Loans
• This loan is acquired by contacting the commercial banks
near you.
• the personal loan bare very less and fixed interest
compared to other types of loans.
• This type of loan bare some restrictions and rules which
needs to be satisfied.
• This type of loan is not expected in all the banks.
11.
12. Cash Out Re-finance
• The currently excising loan is raised for the sake of
remodeling.
• The current mortgage will be increased with the amount
required for remodeling and provided to the customers.
• To be flexible with such types, folks should abide by the
terms and interest policy of such loan.
13.
14. • These are some of the financing sources available for the
home improvement process.
• There are different types of home remodeling
(http://www.slideshare.net/leeshin12/home-
remodeling-types-and-ideas) available and the financing
sources remains the same.
• Budget is very important for the all the remodeling
projects, so it is wise to think deep and opt for the apt
methodology.
15. • Richardson homes and
builds(http://contractorrichardson.com/home-
remodeling-contractor/) is one of the home
remodeling companies in San Diego who has efficient
remodeling contractors with the services like
additions, kitchen remodeling, bathroom
remodeling, custom home builds, etc…
• They have the efficient home remodeling contractors
to perform the work with complete efficiency.