As you are trying to come up with funding for your remodeling efforts, don’t forget to overlook the home improvement grants that are offered by the government and other private foundations. These are the programs that can offer you thousands of dollars in free grant money that you never have to repay.
As long as you use the money to help finance your home improvement projects, you will never be asked for the money back. Unfortunately, the money that is available seems to be getting claimed by the same people over and over. That’s because there are not that many people that are aware that home improvement grants exists. If they do, they just don’t know where to go to get them.
Private foundations provide these home improvement grants for a couple of reasons. They will say it is to help develop the community, but the truth is that it is good public relations for their organization and they are able to claim a nice tax write-off. That’s why you’ll frequently see some of the larger corporations providing funding for a complete remodeling job.
The government, on the other hand, is interested in bettering the community. When you improve your home, the property value increases and therefore the taxes in the entire neighborhood increase. That also means homes sell for more money, which all means more tax dollars in Uncle Sam’s pocket. Providing home improvement grants is a good investment for the government in the end, and all you need to do is ask for it.