Why finance a big home improvement project like a new furnace, water heater, or air conditioning unit when government grants might provide you with a free system?
Most people qualify for weatherization assistance and perhaps discounts on remaining gas and electric bills – unless they meet strict criteria. Then, payment plans enable you to upgrade without hurting your cash flow as energy savings kick in.
Before taking out a home improvement loan to pay for a pricey roof replacement or repair, you might want to investigate the availability of free grants that reduce the amount you need to borrow.
You might qualify for one of the government programs designed to help low-income families cope with utility bills and weatherization improvements. A local company might fix your roof at no cost to you.
Reducing the amount of money borrowed is ideal for improving your chances of a home improvement loan approval. Lenders are more willing to say yes when the applicant can afford the monthly payment.
Window replacement grants from the government can reduce your home improvement costs significantly. Take advantage of incentives for low-income homeowners to upgrade to energy-efficient frames and panes.
Since a government grant represents free money you do not have to repay, you owe it yourself to see if you qualify before applying for a home improvement loan. However, your choice of words matters. Additional rooms or remodeled kitchens and baths increase property value while repairs restore essential functions.
Government money is much easier to find for repairs than improvements, but every rule has exceptions.
Taking a long, luxurious bubble bath or relaxing in a lighted whirlpool sounds relaxing and far too expensive for most low and middle-income homeowners.
Would the federal government offer free grants for pricey bathroom renovations? Probably not, but you can still find assistance with energy-efficient upgrades and improvements that address health, safety, and accessibility issues.
A stitch in time saves nine. If your water heater is getting on in years, you might want to replace it before taking cold showers or finding a massive puddle in the basement spelling “big surprise bill!”
Fortunately, at least four government programs assist when upgrading to newer, more energy-efficient models that heat your water while consuming less gas or electricity.
The federal government does not award grants directly to individuals or homeowners except in a few unique situations, such as the Section 504 program.
Still, low-income families, disabled individuals, and senior citizens can trace the free money from the federal level to local government departments and non-profit organizations that assist with home repairs.
Senior citizens often qualify for free home repair assistance because several government programs target benefits to households living under a specified percentage of the federal poverty level. Many older adults rely on Social Security retirement income, allowing them to qualify for these benefits and more.
Many charities and government agencies set aside resources exclusively for seniors.
Low-income families frequently qualify for free home repair assistance because several government programs target benefits to households living under a specified percentage of the federal poverty level. Individuals with disabilities often have low incomes because Social Security benefits provide for subsistence living, allowing them to meet the criteria for the same programs.
Plus, they have other opportunities to save money fixing up their homes.
Paying for expensive home repairs is never easy – unless you have the cash. The government has the resources but dedicates support to energy-saving upgrades to protect the environment. Charities and churches can close the gap by providing volunteers to help fix things in your home that do not affect gas or electricity consumption.
The trick is finding a non-profit in your local area.
A home improvement loan approval could be the secret to getting appliances for free as the energy savings associated with upgrading from old inefficient refrigerators could be more than the purchase price. The government follows a similar thought process when providing benefits to low-income families.
In addition, agencies seek to help citizens while safeguarding the environment.
Non-profit entities, property insurance companies, government agencies, and state and city rule-makers share one thing: they want to save lives endangered by fires and gas leaks in your home. Sometimes, this concern translates into free smoke alarms and carbon monoxide detectors for low-income families, senior citizens, and people with hearing loss.
Learn where to look and how to take advantage of various programs.