Fair market value: If you’re looking to sell your home, renovations can be a game-changer. Projects that expand living space or enhance functionality can make your home more appealing to buyers and command a higher asking price.Home equity : One key way to increase the worth of your ownership stake in your home (besides paying down your mortgage) is to improve the home itself. Strategically-selected renovations — like modernizing the kitchen or adding a bathroom — not only enhance your day-to-day living exp ...

You’ve found a home in your dream neighborhood, but there's one problem: It needs expensive updates and repairs. Given the property's condition, you’re unsure if you’ll be able to get a mortgage to buy it. Unfortunately, you don’t have enough cash to purchase the home outright, let alone complete all the necessary renovations. An FHA 203(k) loan may be the answer. With this type of FHA loan, you can secure the financing you need to buy (and rehabilitate) your new home. What is an FHA 203(k) loan? An FH ...