03/29/2022
For many, this time of year feels like Christmas, or that they have won the “teeny tiny” lottery. Somehow, getting a tax refund feels like found money, even though it was really your money, that you overpaid the federal government.
The big question becomes “what to do with these federal funds?” Wise people have said, “Smart money is invested, not spent on immediate gratification.” For current homeowners, the best place to invest this refund is on home repairs and improvements. The return on this investment can be substantial when it comes time to sell the home. Just think of it as “ROI from IRS.”
When you undergo a home renovation you have the opportunity to make your house something very unique that reflects your tastes. It is possible to create your dream home on top of having a space that is more practical and useful.
With a renovation loan from PrimeLending, you can consider homes that you may have passed up before, knowing that you’ll be able to make improvements right after closing. Already a homeowner? A renovation loan can help you with upgrades to transform your house into your dream home.
Our loan programs can help you make improvements right away and roll the cost of the upgrades into your mortgage.
If you are planning to sell your home in the near future, then a renovation can really help to increase the value of the property. It can also increase the amount of interest that the property attracts from potential buyers.
Whether you want to add a spa retreat en-suite, a chef’s kitchen, or swimming pool-outdoor patio with a build-in kitchen, PrimeLending, a PlainsCaptial Company makes it less stressful with our simple renovation loan process. We roll everything into one loan and one monthly payment to make financing your home project easier than you imagined. With more than 30 years of experience perfecting the home loan process, you can trust us to help you achieve your goals. When you work with us, we’ll make it easy for you to love where you live again!
