Renovating? Get Some New Cheap Debt
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Mind you, the remodel/renovation is going to be pretty substantial, with most of it being done to get the home up to what I would consider modern standards. For instance, getting rid of the scary, room-filling, long-since-converted coal to corncob-burning(!) to fuel-oil furnace and replacing it with a significantly more efficient electric heat pump central air system. Throw in several new efficient windows. Maybe even a door or two. Then insulate essentially the entire first floor. Am I forgetting anything? Oh, without a doubt - it’s been some time since I filed the paperwork… 
If you’re planning on doing any serious renovations in the future (or even if you’re just considering buying some new large appliances), it’s definitely worth your time to check out what’s available in your state. It looks like most states have similar programs set up, and the rates offered generally kick the heck out of what you get for a home equity loan or line of credit.
Tagged:
» renovation, low interest, energy loan, efficient, heat pump, home equity loan, line of credit, loan, efficiency, insulation
Free Gov’t Money! » Irregular Payments said,
Wrote on May 24, 2006 @ 3:22 pm
[...] Isn’t it wonderful when the government decides to help you out with a little free cash? Not only are a sizable portion of our recent & upcoming renovations being funded via a loan with a very favorable rate, a lot of it also meets or exceeds the specs necessary to qualify for a tax credit under the Energy Policy Act of 2005. [...]
May Ends & A Few Big Changes » Irregular Payments said,
Wrote on June 1, 2006 @ 5:08 pm
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June Ends With a Whimper » Irregular Payments said,
Wrote on July 1, 2006 @ 1:39 am
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End of July, and The Hole Deepens said,
Wrote on August 1, 2006 @ 10:37 am
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Filing My Report Late said,
Wrote on September 7, 2006 @ 5:10 pm
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Lock and Load? ;) said,
Wrote on October 3, 2006 @ 2:18 am
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How To Get Your Contractor to Show Up said,
Wrote on October 13, 2006 @ 4:43 pm
[...] As a whole, most of our contractors in our grand remodeling project have been nothing short of excellent. We let them know what we’d like done. They give us a date that they will have it done. And, amazingly, several days before that date, the work is generally done. [...]
Wrapping Up October said,
Wrote on October 31, 2006 @ 2:29 pm
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A Few Days Late and A Thousand Short « Irregular Payments said,
Wrote on February 5, 2007 @ 12:27 pm
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Just The Debts, Ma’am « Irregular Payments said,
Wrote on March 13, 2007 @ 11:49 pm
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April Fool’s State of the Debt « Irregular Payments said,
Wrote on April 1, 2007 @ 12:52 am
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State of the Debt - June 2007 Edition ... Irregular Payments said,
Wrote on June 1, 2007 @ 11:48 pm
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State of the Debt - August 2007 Edition ... Irregular Payments said,
Wrote on August 3, 2007 @ 10:09 am
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State of the Debt, September ‘07 ... Irregular Payments said,
Wrote on September 2, 2007 @ 12:15 am
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State of the Debt September ‘07 ... Irregular Payments said,
Wrote on October 19, 2007 @ 9:02 am
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State of the Debt, October ‘07 Edition ... Irregular Payments said,
Wrote on November 5, 2007 @ 1:06 am
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State of the Debt, November ‘07 ... Irregular Payments said,
Wrote on December 7, 2007 @ 3:25 pm
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End of 2007 State of the Debt ... Irregular Payments said,
Wrote on January 7, 2008 @ 12:38 pm
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State of the Debt: A BiMonthly Edition ... Irregular Payments said,
Wrote on March 4, 2008 @ 11:47 am
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State of the Debt: April ‘08 ... Irregular Payments said,
Wrote on April 2, 2008 @ 11:30 am
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State of the Debt - When It Rains, It Pours Edition ... Irregular Payments said,
Wrote on June 3, 2008 @ 10:00 am
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State of the Debt, Summer Begins ‘08 ... Irregular Payments said,
Wrote on July 1, 2008 @ 10:53 am
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State of the Debt, Steaming in August ‘08 ... Irregular Payments said,
Wrote on August 3, 2008 @ 1:59 pm
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Colin (Needs money fast) Taylor said,
Wrote on August 19, 2008 @ 11:37 am
Great article, very valuable suggestions indeed. Thanks.
State of the Debt, The Doc’s Car Payment Edition ... Irregular Payments said,
Wrote on September 3, 2008 @ 2:25 pm
[...] Low Energy Loan [...]