When being a homeowner there are many responsibilities you have. If you have contemplated ‘going green’ in your home or making home improvements then you are in luck. There are free grants for home improvements available through the government just for this very purpose.
Many homeowners are finding it much easier in the long run to get a grant rather than a home equity loan for these upgrades, as a loan requires a credit check and even a home appraisal before you can get the money. But these government grants are not loans. It is a grant, which means there is no repayment. The government will mainly want to know three main items:
How much will it raise the value of your home?
How much do you need to complete the project?
What are the details of your improvement?
You will not have to be concerned with your beacon score, or collateral or repayment terms, because there are none. The government is not worried about those factors either.
Many people apply for the free grants for home improvements when they are interested in larger home improvement projects. Like new heating or air conditioning units, weatherization or solar panels to conserve energy. These larger projects are the ones that interest homeowners in getting assistance with the bill, which usually comes back to the homeowner in the form of tax credits and decreased energy bills.
But, there are also straight forward grants, if you qualify, that you can get to upgrade your home and make it a safer, nicer place to live. As long as you have a solid plan on the reason for the money, you should be fine. But make sure you have thought it through. Talk to contractors and priced equipment. These will all need to be assessed in the grant application process.
And let’s not forget that the government is encouraging homeowners to weatherize their homes in order to help lower the energy bills and conserve the earth in the long run. When considering weatherization, make sure you think of the front all the way to the back. Remember, it does not help to weatherize part of it; you need to do all of it.
These grant application processes can be tricky, but just be certain that you review everything. Read everything and if you have any questions, ask someone. It is very important you understand what you are applying for. Once you are awarded one of these free grants for home improvements, have fun with your renovation and enjoy the final product.