Because the loan is unsecured, the interest rate may be higher than on a home equity loan or home equity line of credit, which typically have single-digit rates. Home inspectors are an excellent choice for project management, renovation oversight, and repair verifications. Reach out to us and receive a free consultation for construction oversight services. From quick walkthroughs, to formal property inspections, we offer services to meet most budgets.

These are just a few examples of the diverse range of home improvement projects available to homeowners. The best option depends on the size of the project and your confidence to repay the loan. If the improvement project’s cost is low and you can finish it within a short term, you can consider an unsecured loan provided you have a good credit history.

Home equity loans

“Homeowners sheltering in place during peak COVID regulations developed a renewed interest in their backyards, really, as an extension of their home.” The restaurant Camille works for furloughed her this past spring, so the budget for this project is limited, but like a lot of other do-it-yourselfers and contractors this year, Camille ran into material shortages. The river rock she wanted in order to help set an aquatic theme was nowhere to be found this spring, so Camille had to use 53 bags of pea gravel as a substitute.

• Substandard credit scores and financial histories may limit your range of options.
• Your neighbors’ home warranty policy may be very different from the one that would benefit you the most.
• Interior in Charlotte, North Carolina On March 6, 2020, Lowe’s paid a $1,600,000 fine for violating California’s air quality regulations.
• When comparing HELOC options, watch out for ongoing fees and penalties for closing out your credit line early.
• In addition to SEO, which boosts a business’s visibility on search engines, there are platforms like social media and email marketing.