Personal Loan Blog

Great Tips and Advice for Managing Your Money

Prepare For and Cover the Cost of Home Repairs Using These Strategies

pluming problem

Paying for home repairs can be extremely stressful; unfortunately, fixing and replacing things is an unavoidable fact of life for all homeowners, which is why it’s so important to start a home repair fund and have a plan in place for taking care of costly problems. Finding the right contractors and understanding your financing options are also important aspects of creating a plan for your home repairs. Looking for a loan? Take a look at the services offered at America’s Loan Company to get an idea of the kind of loan you might qualify for.

When you’re ready to start preparing for the upkeep and maintenance of your home, keep these tips in mind:

 Start a home savings account

While many home repairs are do-it-yourself and budget-friendly, others can be extremely costly, including plumbing and electrical issues or cleaning up the aftermath of a natural disaster, such as a flood. Even with home insurance, you may be responsible for covering more than you can handle. Starting a home savings account is a great way to ensure that you’ll always have enough funds put aside even for a major repair.

If you’ve just bought your home or gotten married, consider requesting cash gifts from friends and family to put toward your savings account in lieu of registering for housewarming gifts. Otherwise, you might create a budget that allows you to put aside a certain amount of money every payday according to your repair projections; typically, homeowners want to put away 1-4% of the value of their home every year.

Consider refinancing your home

Another option for paying for home repairs is to refinance your mortgage. This works best if you know you’re going to be staying in the home for several more years, and it requires you to keep up with the latest interest rates to make sure you can lock in a better number. Refinancing will lower your monthly payment and may even get you better loan terms; just be sure to do your research before committing to anything.

paint job loansHire the right contractor and make repairs right away

Once the need for a home repair pops up, it’s essential to make sure it’s taken care of as soon as possible; otherwise, you run the risk of the problem getting worse–and more costly to fix. Hiring the right contractor is just as important; you want to make sure they’re well qualified to take care of the issue right away. With things like HVAC repairs, for instance, fixing duct, heat sensor, or heat exchanger problems immediately will help save you money and ensure that your home’s air system returns to working order without disrupting your family’s safety or comfort. Check out prescreened professionals online to help find HVAC service in your area.

Take preventative measures

While paying for costly home repairs can be stressful, there are some simple things you can do to prevent them from becoming overwhelming. As you build your home repair savings account and prepare for the unexpected, think about how you can make sure your home is in the best shape possible. For instance, you might update each room, such as replacing the windows, adding solar panels, or using LED light bulbs and energy-efficient smart appliances. Keep an eye on areas like bathrooms and basements, where moisture and mold can become a problem. It’s also important to maintain the upkeep on the exterior of your home, especially on gutters and trim.

Taking care of home repairs can be expensive, especially as costs rise across the country. However, taking steps to find the right HVAC repair service, prevent major issues, and start a home repair savings account can help give you peace of mind and keep financial stress from setting in.

Article written by Christopher Haymon from Adulting Digest.

Affordable Bad Credit Loans

6 Mos. to 5 Yr. Terms

We Report Your Credit

Fast Approval


bbb long 300 Google Reviews

America's Loan Company - Notice

Customer Notice: Personal loans, title loans, and car loans have terms 6 months or longer. There are no early payoff penalties. We currently report to one of the 3 major credit bureaus, TransUnion. However, many factors affect your credit score. Therefore, we can't promise that your credit score will improve while having a loan with us.

Requirements: We are able to service Ohio residents only. Approval depends upon meeting legal, regulatory and underwriting requirements. America's Loan Company may, at its discretion, verify application information by using national databases, including but not limited to Teletrack and any of the national credit bureaus. America's Loan Company may take this information into consideration in the approval process. Due to state and verification requirements, not all applicants for loans may be eligible for approval by America's Loan Company. You may be required to submit additional documents due to state law and qualification criteria.

Products & Services: Products and services offered to customers may vary based on customer eligibility and applicable state and federal law. Actual loan amounts vary. The availability of loans and extensions may vary. Auto loans and secured personal loans are subject to minimum auto value requirements.

Further Personal Loan Disclosures: For qualified customers, America’s Loan Company offers bad credit personal loans with terms of 6 months to 5 years, with APR under 35.9%. As an example, you may borrow $1,500.00 over a 24 month period, with a $10.00 credit investigation fee, $100.00 loan origination fee, and $452.32 in interest, for a total payment of $2062.32, with an APR of 32.6514%, and monthly payments of $85.93.

More information can be found on the America's Loan Company Privacy Policy.

Bad Credit Loans by America's Loan Company

Copyright ©2018 America's Loan Company 127 E. Main Street, West Jefferson, OH 43162. All Right Reserved. 
Seeking bad credit installment loans? We offer affordable online personal loans. Ohio based direct lender. Start improving your credit today!

Toll-Free: 877-380-2639 - Ohio: SM.501641.000 CI.550000.000 - Company NMLS ID: 315276


Another Design By:
LDR Interactive Website DesignsLDR Interactive Technologies