Depending on where you live, you may qualify for home improvement grant money to help with your next home improvement project. Whether you need to replace your roof, make your home safe, or want to add energy efficient appliances, there are programs available that help individuals with these expenses. While the grant money that you qualify to receive may not be able to completely cover your expenses, they can provide as much as $20,000 to help with those projects.
The biggest difference between obtaining a home improvement grant over a traditional loan is that the money awarded will never have to be paid back. When you are awarded the funds, you do have to agree to terms that enforce restrictions on how the money could be spent. The penalty, if you are caught, for spending the money inappropriately is generally that you have to repay the money, and possibly with interest.
That just means you don't want to spend your home improvement grant on purchasing a new car. Use the money for the intended purpose, and you won't have any problems. Depending on the grant you are approved for, those acceptable expenses could be parts, labor and material costs for your project.
There are a wide variety of programs that may be available to individuals and real estate developer or contractors. By accessing online resources, you can find the funds that are currently available and find out how to appropriately apply for them. Most of these resources will provide detailed, step-by-step information on how to submit the best possible grant request and even provide sample applications for you to use as a template.
Article By: Austin Warty