Benefits to financing a pool or spa purchase
So you’re thinking about making some major changes around the old homestead. That’s great! What exactly is on your mind – 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 them, aren’t always easy to afford.
In the world of car repairs, college savings accounts and travel sports teams, 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 by adding value to your home, financing is an excellent option.
What projects can add home value?
Everyone knows 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 projects like adding a hot tub, above ground or in-ground swimming pool!
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 project 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. We offer financing through GreenSky and Lyon Financial. Apply online for quick decisions on your loan or prequalification.
When you want to make changes to your home, thinking about the return on your investment is important. But remember – home improvements like pools and hot tubs that increase your quality of life … those are priceless.