5 Ways to Maximize the Potential of a Home Improvement Loan

Share on facebook
Share on twitter
Share on linkedin

For many homeowners, the idea of updating certain aspects of their homes is a dream from the moment they are handed the keys. Some, however, are forced to put this off for years due to life – financial hardships arise, families grow, and home renovation projects sometimes get put on the back burner. If you have finally taken out a home improvement loan to make some upgrades around your Carolina residence, you might be wondering how to get the most bang for your buck.

 

In the next few paragraphs, you will discover the five best ways you can maximize the potential of your new home improvement loan. Remember, you certainly don’t have to do all five of these things depending on your personal situation, but they are all excellent ways to get the most out of the money you are qualified to receive. 

 

Think about the attic. 

 

Many homeowners immediately think about renovating major areas of their homes, like kitchens or master bathrooms, when they are approved for home improvement loans. But, it is important to consider less visible areas, as well. If, for example, your attic is not insulated, adding insulation to this space is a relatively inexpensive project that can ultimately save you a great deal of money on your utility bills over time. 

 

Furthermore, depending on how much money you plan to spend, you may even want to consider turning your attic into usable living space. Some families, for instance, create playrooms or even libraries in their attic areas without spending an arm and a leg. 

 

Update your garage. 

 

If your home’s garage has seen better days, using some of your home improvement loan to fix it up is a great idea. Making changes to the exterior of your garage – like installing new hardware and investing in a timeless carriage door – can work wonders for a relatively affordable price. In addition, you might want to consider having new storage shelves and other organizational products installed inside of your garage to make it easier to navigate for years to come. 

 

Upgrade your roof.

 

If your roof currently has older asphalt shingles, upgrading it to a more high-end material is a great way to maximize your home improvement loan. There are a number of durable, attractive materials available to today’s shoppers – these include cedar shakes, ceramic tiles, and even pricey slate tiles. Depending on the size of your loan, at least one of these should fit your budget. 

 

Finally finish your basement. 


If your home has an unfinished or semi-finished basement, the idea of turning it into a space your family can enjoy for years to come is probably extremely appealing to you. While many homeowners think that finishing their basements will be cost prohibitive, this isn’t always the case in actuality. It is certainly worth getting a quote and seeing if finishing your basement could financially fit into your current renovation plans. 

 

Remember, the Hatch Homes team is here to help you every step of the way with exterior renovation projects like window replacements, new roof installations, and siding selection. Contact our office with any questions you may have about our service offerings and what we can do for you. 

 

More than just a contractor.

Hatch is your partner for exterior remodeling.