| Home Improvement loans differ from remodeling | | | | place to start looking is your local and state |
| grants in that the entire amount of a loan has to be | | | | government offices or websites. It's also worth |
| repaid to the lender whereas a grant can be seen as | | | | contacting your local Department of Human Services. |
| a type of gift. However, it is unusual to get the full | | | | Each organization sets their own rules about who will |
| amount of the repair or improvement works on your | | | | receive a home improvement grant. |
| house so the costs will have to be partially met by | | | | Because governmental organisations and institutions |
| yourself. | | | | give out grants that are attached to the area in which |
| Do I qualify for a Remodeling Grant? | | | | they work, you will need to do find grants that that are |
| 1. Home owners aged 62 and older | | | | appropriate to the nature of your repair. If, for example, |
| 2. Families with Low Income | | | | the desired repair is to your waste management |
| 3. Applicants who have bad credit | | | | system, you can obtain a grant from the environment |
| A professional inspector is sent out to the house in | | | | office. |
| any of these scenarios to determine if repairs or | | | | If you're turned down for a remodeling grant then you |
| renovation is needed. | | | | will have to turn to more traditional methods and try for |
| Before any money is offered you will need to pass an | | | | a subsidised loan. There are lots available with interest |
| inspection carried out by a professional whose job it is | | | | rates between 1% and 5% and are usually set up so |
| to determine exactly what renovation or repairs are | | | | that repayments cover a longer period. Do your |
| actually required. | | | | research first though and never borrow beyond your |
| Depending upon the type of grant you apply for you | | | | means. |
| will be paid in one lump sum or in payments. A good | | | | |