Why you should finance your backyard renovation

No matter the time of year, it’s a good time to think about your backyard renovation plans. What’s on your radar - and how do you plan to accomplish it? A lot of projects, like cleaning up the landscaping or adding some new furniture are fairly easy on your pocketbook. But the big projects that can also add value to your home while they increase your enjoyment of it, aren’t always easy to afford.Setting aside the large sums of money it would take to pay for these projects isn’t always possible. But if the project you want to complete will actually benefit your financial bottom line, financing is an excellent option.

What projects can add home value?

It’s common knowledge that master bath and kitchen remodels offer a good return on your investment. But if you want to tackle a project that will add value to your home while also bringing you and your family years of enjoyment - the home improvement “sweet spot” - consider a complete backyard renovation with a hot tub or swim spa, an arbor or patio cover, deck, and outdoor kitchen - the works!Be sure to browse our website for installation ideas, and download our free backyard planning guide.

What are my financing options?

No matter what projects you choose to pursue, there are likely financing options to meet your needs and your budget. If your backyard reno will be quite large, a mortgage refinance or home equity loan might be the right option for you. These rates are usually low, and often there are tax-related benefits to these types of loans - but be sure to talk to your tax advisor for details.Many other types of financing are also available, whatever your project. To learn more, stop by our Plano or Tyler showroom to check out your options. When you want to make changes to your home, thinking about the return on your investment is important. But remember - home improvements that increase your quality of life are priceless.