FORT WORTH - While the buying and selling frenzy has cooled off in North Texas real estate, home improvement projects are still going strong.
Dago Garcia, a Senior Content Manager for Hearth said homeowners are keeping up with projects at record pace.
Garcia added, "People have been stuck at home. We have been doing the whole work from home thing and people are taking a hard look at their homes and thinking 'oh my gosh I need to do something about this kitchen and this bathroom now.'"
According to Garcia, the vast majority of loans being awarded in Texas fall in the 15,000 to 25,0000 range.
He says the rates can be as low as 4.99 % on a basic loan, but it all depends on credit scores.
Experts say most lenders won't work with people who have less than 550 score on their credit.
As far as the most popular project being completed inside homes Garcia says you name it.
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"Some of the most popular project when it comes to home financing are pretty surprising especially in DFW area. Disability services is pretty high, so is general contracting, windows, interior remodelingthat could be your living room bedroom, and then fencing and decks."
..source: https://dfw.cbslocal.com/2021/09/07/ones-for-real-estate-home-improvement-projects-going-strong/
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