Tis’ the season for home improvement.

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Spring is the time for home improvement and we can help you finance those projects.

Spring kicks off the home improvement season and with home shows coming to town, people start thinking about remodeling or sprucing up their homes.

But the economy downturn and the decline in housing prices over the past few years have many people wondering whether they can afford a home improvement project, or if banks are even lending money for these types of things. The answer to that last question is a definite Yes! At Middleburg Bank we have money to lend to our neighbors, and we have several financing options to meet your needs.

So where do you start? While a banker in one of our offices can help you through the process, here are some things to consider:

First, think about what you want to do to your home. Do you want to simply freshen it up, make some needed repairs or undertake a major remodeling project? For example, a fresh coat of paint or new kitchen countertops might be a way to give your home a new look; new windows or carpet might be considered repairs; while that new master suite or bonus room would fall under new construction.
Next, determine whether a home improvement project will add value to your home. Generally, kitchen and bathroom remodels add the greatest value to an existing home. Cosmetic improvements and repairs don’t typically add value, but they can make your home more comfortable for everyday living.

Once you decide to move ahead with your home improvement project, consult with a lender in your local Middleburg Bank office to discuss financing options. They will meet when and where it’s convenient to you and review financing options – a personal loan, a home equity loan or line of credit or even refinancing your existing home.

If your home improvement project is more geared towards standard repairs or cosmetic changes, a personal loan or home equity line of credit might be your best option. If you are looking at a major remodeling project, you may be able access your home’s equity to fund the project with a home equity loan or by refinancing your mortgage while rates are near historic lows.

Today’s loan rates remain quite favorable, so if you are considering any home improvements, or are ready to get started on your project, contact Middleburg Bank today. We’re here to help you make your home improvement dreams a reality!

As always, if you have a suggestion that would make your banking experience with Middleburg Bank even better, please send me an email at garyshook@middleburgbank.com.

Share |

Tis’ the season for home improvement.