7 Projects to Redecorate Your Home with a Renovation Loan

A renovation loan can help you spruce up your home, turning the old and tried into new and fresh. It's more than a home equity line of credit (HELOC) or home equity loan. A renovation loan is a future-equity-loan. The FHA 203k - the most popular of these loans - allows you to borrow on the after-improved value of your home once the work is completed. Other home equity loans are based on the current equity.

So...what kind of redecorating and renovations can you finance? The list is long. From required repairs (in order to meet FHA standards) to desired improvements, there are a ton of spring home improvement projects you can finance with a renovation loan. You can refinance your current mortgage into this and pay for the work, taking your home to the next level. Here's a short list of common improvements you can fund with a renovation loan.

1. Repaint your home inside and out. Exterior paint can brighten your neighborhood. Painting the interior rooms can turn your old-house into a new-home.
2. Old, cracked windows? Replace them! Whether they're inefficient or just ugly, new windows can go a long way towards giving your home a new feel.
3. Need a home office? Rewiring and new floors are covered.
4. Change lighting fixtures, wiring and install ceiling fans. It's all eligible for FHA 203k financing.
5. Waterproof and finish your basement. Get a man-cave (or get your husband a man-cave so he'll leave you alone).
6. Replace old kitchen counters and that gross sink. Maybe you want a white sink and granite counters. Maybe you want an island. Even new appliances are covered.
7. Old bathroom got you wanting to move out and get away? Remodel your bathroom or add a new one onto your home with a renovation loan.

Learn all about the options and choices you have in front of you for redecorating your home with "The Complete Guide to Spring Home Improvemnt Financing" at the button below. From do it yourself projects to 203k-eligible work, we talk all about spring home improvement projects in our newest eBook. Get your free copy today.

(kitchen: Flickr user Steve Bennett
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