Are you longing to remodel your kitchen or add a room on to your house, but are unable to find the cash to do it? First Call can get you the money you need to make your wish come true. You can use the equity value in your home for the home improvements!

Home improvements can help accelerate the value of your home or get your home ready to sell. Whatever the reason, a First Call Home Equity Line of Credit or First Call Home Equity Loan can give you the flexibility to make the improvements you need—without tapping into cash that you may want to set aside for other purposes.
 

Here are more tips to consider when you plan to improve your home:

• If you make home improvements with the specific intent of increasing the resale value of your property (as opposed to just making it more comfortable to live in), make sure the renovation will add the value you want. For example, a kitchen renovation might recover the money spent and more, whereas adding a pool might not.

• Before deciding on a final loan amount, complete a cost breakdown that itemizes the estimated cost of your home improvement. Include items needed such as building materials (lumber, concrete, etc.), labor, decorating (paints, tile, etc.) and a contingency amount for possible unplanned expenses.

• A home equity loan can provide a tax-deductible way for improving your home to look the way you really want it to, while increasing the value. Note, however, that you should always consult a tax advisor regarding the deductibility of interest. There are typically no restrictions for home improvement, as long as they are within the boundaries of local building requirements. You have the choice of doing the improvement work yourself, or using a contractor.