Renovating? Get Some New Cheap Debt

by Sean

Well, it took the state what felt like forever, but yesterday the Nebraska Energy Office finally approved a good chunk of our total [tag]renovation[/tag] budget for a [tag]low interest[/tag] [tag]energy loan[/tag]. A quick call to our local banker, a signature or 400, and a big deposit is dropped into our savings account. Along with a matching big debt added to the ol’ balance sheet, at a comfortable rock bottom interest rate of just 4.85%!

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 [tag]efficient[/tag] electric [tag]heat pump[/tag] 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 [tag]home equity loan[/tag] or [tag]line of credit[/tag].

[tags]loan,efficiency,insulation[/tags]

{ 24 trackbacks }

Free Gov’t Money! » Irregular Payments
May 24, 2006 at 3:22 pm
May Ends & A Few Big Changes » Irregular Payments
June 1, 2006 at 5:08 pm
June Ends With a Whimper » Irregular Payments
July 1, 2006 at 1:39 am
End of July, and The Hole Deepens
August 1, 2006 at 10:37 am
Filing My Report Late
September 7, 2006 at 5:10 pm
Lock and Load? ;)
October 3, 2006 at 2:18 am
How To Get Your Contractor to Show Up
October 13, 2006 at 4:43 pm
Wrapping Up October
October 31, 2006 at 2:29 pm
A Few Days Late and A Thousand Short « Irregular Payments
February 5, 2007 at 12:27 pm
Just The Debts, Ma’am « Irregular Payments
March 13, 2007 at 11:49 pm
April Fool’s State of the Debt « Irregular Payments
April 1, 2007 at 12:52 am
State of the Debt - June 2007 Edition ... Irregular Payments
June 1, 2007 at 11:48 pm
State of the Debt - August 2007 Edition ... Irregular Payments
August 3, 2007 at 10:09 am
State of the Debt, September ‘07 ... Irregular Payments
September 2, 2007 at 12:15 am
State of the Debt September ‘07 ... Irregular Payments
October 19, 2007 at 9:02 am
State of the Debt, October ‘07 Edition ... Irregular Payments
November 5, 2007 at 1:06 am
State of the Debt, November ‘07 ... Irregular Payments
December 7, 2007 at 3:25 pm
End of 2007 State of the Debt ... Irregular Payments
January 7, 2008 at 12:38 pm
State of the Debt: A BiMonthly Edition ... Irregular Payments
March 4, 2008 at 11:47 am
State of the Debt: April ‘08 ... Irregular Payments
April 2, 2008 at 11:30 am
State of the Debt - When It Rains, It Pours Edition ... Irregular Payments
June 3, 2008 at 10:00 am
State of the Debt, Summer Begins ‘08 ... Irregular Payments
July 1, 2008 at 10:53 am
State of the Debt, Steaming in August ‘08 ... Irregular Payments
August 3, 2008 at 1:59 pm
State of the Debt, The Doc’s Car Payment Edition ... Irregular Payments
September 3, 2008 at 2:25 pm

{ 2 comments }

Colin (Needs money fast) Taylor August 19, 2008 at 11:37 am

Great article, very valuable suggestions indeed. Thanks.

geothermal heat pump October 24, 2008 at 10:58 am

you probably won’t do anything nowadays without a loan..that’s the way it is.. I have to take a loan to build up my clinic..

Comments on this entry are closed.

blog comments powered by Disqus

Previous post:

Next post: