Protect Your Housing Investment
For many people, owning a home is one of the biggest investments they make in their lifetime. Among the ways to protect this investment is with regular maintenance and occasional improvements that increase the value and functionality of the home.

Financing Improvements
As a rule, the thriftiest way to finance improvements is to pay cash. If there isn’t enough cash available, you may choose to finance these improvements by going to your bank or other lender and apply for a loan.

• During the application and approval process, you should familiarize yourself with the loan terms and repayment requirements.
• Do not proceed with home improvement plans until you understand all the costs involved.
• What kind of loan is best for you depends primarily on the amount of money you need to borrow.

If the equity in your home is limited, the answer may be an FHA Title I Property Improvement Loan.

Handling Improvements
Improvements can be handled on a do-it-yourself basis or through a contractor or dealer.