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Be prepared before going to see your banker about a home improvement loan

By: McCoy's Editorial Team

Trying to decide how big a remodeling job you can afford is one of the toughest questions homeowners face when planning a remodel

With the economy in the state it's in and the unsure nature of the housing industry, many homeowners are considering remodeling as an alternative to buying a new home. And depending on your situation, this may be a really smart alternative. But what are the deciding factors? Is it worth it to remodel your current home? How much should you spend?

All good questions, and there are many more you should be asking yourself before you start tearing down the drywall in your kitchen. If the math makes sense for a major renovation, you want to get the most for your money and at the same time spend enough on the project for it to make financial sense. The following post provides some real world calculations that you should be familiar with before talking to the bank about a home improvement loan.

Do the math BEFORE you take on a home renovation project

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