Improving Your Current Home

Often, homeowners find they need to make repairs simply because of normal wear and tear, or because damage has taken place. Community banks are keenly aware of the costs associated with repairs such as replacing roofs, upgrading air conditioning systems and windows, and repairing water damage, and will work with you to help make these day-to-day repairs possible.

Sometimes, however, homeowners just want to update their homes. The most popular remodeling projects involve improvements to kitchens, bathrooms, home offices and family living spaces. Recent studies show that kitchen and bathroom improvements typically yield the highest returns on investment. Click here for more on this.

Cosmetic Changes.

Often, all that is needed to beautify your living space are a few cosmetic changes. Whether the cost of these changes is $500 for paint and wallpaper or $5,000 for new kitchen cabinets, your community bank will find a home improvement product that meets your financing needs.

Calculating the Costs of Remodeling.

When you're figuring out how much a remodeling project will cost, be sure to include contractor fees, building permit fees, labor, tools, materials (lumber, flooring, tile, cabinets, paint and insulation), decorative enhancements and unanticipated costs associated with upgrades. Also, be sure to factor in at least 10% more for unexpected items.

Financing Your Project.

When you've got an idea of what your project will cost, talk with your community bank and discuss what type of loan would be most appropriate for your situation. But before you consult your community bank, order a credit report and review your credit history for the past two years. You also should collect paycheck receipts and tax returns. Click here for an overview of your financing options.