Category Archives: Home Improvement

Home Improvement Hardware

While some plan for home improvement to add value to their house, others simply pursue a more luxurious and comforting lifestyle. Home improvement projects may need different levels of investment depending upon their scales. For instance, you don’t need too much capital and expertise to change a certain aspect of your interior design, however, adding new rooms and dramatically redesigning existing parts of the house require more resources. You need to be aware of different functions of home improvement hardware to be able to pull off a good home improvement plan. Here are some basics about different hardware:

Get Hardware for Your Bathrooms:

Bathroom hardware is a specialized type of hardware that is used in construction of bathrooms. Bathroom hardware that will be required during a remodeling project may include showers, tubs, faucets, towel holders, mirrors, cabinets and similar fixtures. If you plan to sell your home for a great price, bathroom home improvements may just be the key to your achieving this goal. Not only will a bathroom remodeling plan increase value of your home, but it will also add luxury and comfort in your family’s life.

Door Hardware is Always Part of a Good Plan:

Door Hardware is mainly used to give a more attractive look to your home’s doors. Many home owners, while paying attention to rooms, often fail to recognize the importance of doors and windows. Door hardware that can help boost up your plan includes door knockers, hinges, hooks, handles, locks, fasteners and number plates.

Furniture, Windows and Cabinet Hardware – Get Beauty and Utility:

Furniture and cabinets are components of DIY that enhance the functionality of a house. If you are planning to improve your home’s functionalities without compromising on style, you have to get the best furniture hardware. Furniture hardware that is commonly used in home improvement plans is frames, furniture legs and arms.

Similarly cabinets in any room can be a great improvement as they increase your home’s capacity to store things. Home improvement cabinet hardware includes latches, fasteners, locks, handles, pulls and cabinet frames. Cabinets do not have to be built strictly on functional lines as they can also give a great touch to your interior décor. Just like cabinet hardware, window hardware also includes hinges, latches, locks, frames, handles and other equipment needed for window installation.

Security Hardware – Essential for Your Family’s Safety:

In today’s world home security has become a major issue for home owners. If you don’t have plans of enhancing your home security in your improvement plans, then you should start thinking on these lines. Security hardware includes, fire alarm, smoke detectors, motion detecting sensors, window security system and security alarm system.

Plumbing Hardware – Be Careful While Buying!

Plumbing hardware is very essential for your home as it facilitates the water supply system and sanitation system in your home. Plumbing hardware mainly includes pipes and tubes through which water will be flowing in and out of your home, so you have to be extra careful that the hardware you purchase is able to withstand corrosion and other adverse effects of varying temperatures.

5 Other Reasons You Might Need a Home Improvement Loan

While we are no longer in a recession and home prices are starting to return to their previous levels, it is never a bad time to invest in home improvement loans. With loan rates still at attractive levels, and plenty of contractors and home improvement specialists looking for work, now is a great time to get a loan so you can start all of those home renovations you have always dreamed of, but put off. Here are 5 reasons you should apply for a loan today.

1. Low Home Equity Loan Rates

Even though the recession is over, the interest rates on home equity loans are still at very low rates. These loans use the equity that you have accrued in your home as collateral to finance your renovations and improvements on your house. Typically, this type of loan offers very attractive interest rates and terms, and can often be rolled into your existing mortgage so that you still only have one monthly housing payment.

2. Lower Energy Costs

If your renovations involve making your home more energy efficient, such as installing double paned windows, adding insulation to your basement or attic, or installing programmable thermostats and Energy Star certified appliances. When you do this, you will likely earn back the cost of investing in these improvements from the savings you receive on your electricity bill each month. Often, you get tax credits, discounts, and other incentives for making these types of improvements on your home as well.

3. Availability of Quality Contractors

Luckily, in the past few years there has been a surplus in the availability of quality contractors looking for work. What this means for you is that you can often achieve your renovations for cheaper costs than you might have at any other time. Depending on where you live, you can typically have several contractors submit competing bids for your work opportunity.

4. Increase the Resale Value

Every dollar you spend improving your house increases its value, and the future price that someone may be willing to pay for it in the future. If you plan to sell your home in the next few years, making these repairs and improvements now are a great investment in the potential upside of selling your home in the future. When you sell your home, any prospective buyers will likely have an inspection completed on your home. Doing this in advance is a great way to save money and avoid having to make costly repairs when trying to sell.

5. Enjoying the Improvements

Finally, there is something to be said for increasing your and your family’s enjoyment of your home. Whether that means getting those bamboo floors or granite counter tops you have always wanted, or making your home more energy efficient to save money on your monthly bills. Beautifying and otherwise claiming your space is an important part of what it means to be human.

Treasure Chest Uncovered In Home Improvement

There are many people who just love to shop. They don’t have to have any money, they just love to go look around. I’m not one of them, but if I’m in a store, I’ll browse around just to see what I can find. You would be amazed at what you can find if you just take a little extra time when you are already in a store. A home improvement center houses many ideas and products. A good shopper can find many good bargains if they spend a little extra time looking around or shopping the newspaper sale ads. If you look at the newspaper ads, you can often find things on sale that maybe you hadn’t intended on buying right now, but the price is right and you just can’t turn down the bargain. This article will explore the treasure chest finds in a home improvement center.

You would be surprised to know what all you can find in a home improvement center. When you think of home improvement center, you might think of lumber and nails or cement blocks and concrete, but there are many other products as well. Just for fun sometime, you should go exploring your local home improvement center. You can find all kinds of creative and simple ideas on home repair projects or home renovations. Many home improvement centers offer classes on how to do projects, or give live demonstrations. They also carry books to buy, that tell step by step how to do many home improvements.

A home improvement center will more than likely carry patio furniture and many times, they decorate the area so you can get some ideas on landscaping as well. They will probably carry a whole line of barbeques as well, and in season they may give demonstrations on operating and cooking on a barbeque. A home improvement center will also carry a full line of plants and gardening tools. The people working in the different departments are usually trained to specialize in their own department, so if you are in the plant section, they should be able to tell you most all you would need to know about landscaping. A home improvement center is there to cater to your every question.

You can find many different products in a home improvement center that you might not be able to find in other stores because most stores carry what ever type of products you would use to not only fix, build or repair a home, but what you would use in and around the home as well. Visit your local home improvement center to find treasures that could change the way you view your home.

Home Improvement Projects You Can Finish This Weekend

1.) Programmable Thermostat:

OK, so we know that this particular home improvement project doesn’t add anything aesthetically to your home design, but let’s be honest- trimming around 5-10% a year off your heating/cooling bill, plus allowing you more control over the interior temperature, all while getting a new high-tech gadget is a win-win-win-win situation. A programmable thermostat allows you to avoid ever having to come home to a sweltering heat after a long day of work. It allows you piece of mind when leaving pets at home, no matter how hot it is outside. Coming in at around $75-$120 to have one installed for you- it’s truly an incredibly cost-effective way to make sure you get the most comfort possible out of your home. HouseLogic.Com has some pretty good information on choosing what type of thermostat will suit your needs. And no need to fear! Programmable thermostats (like most other electronic devices in our day-and-age) have become more and more user-friendly and easy to operate.

2.) Add a Splash of Color with an Accent Wall:

Painting an entire wall can be a nightmare (believe me, we know), and after a long week of work, the prospect of taking on such an overwhelming and exhausting task inevitably leads to a room that stays that same old neutral beige. Well- here’s a compromise. How about an accent wall? The difference a single wall of bold color can make in a room cannot be ignored. An accent wall is a great place to start remodeling or refurnishing your home. It gives you a base color palate with which to work, and can aid in the later selection of pillows, rugs, chairs etc. With an overall project time hovering around 6-8 hours (depending on the size of the wall you’re painting) from start to finish; painting an accent wall is a sure-fire way to add a touch of pizzazz to your room.

3.) Paint a Custom Headboard or Faux Headboard:

The sky is really the limit on this one. And the best part is that your ventures through a local thrift shop or Goodwill can yield amazing results at unbelievably low prices (if any). Being in touch with, and actively monitoring Craigslist is a secret weapon when it comes to designing on a realistic budget. You can go with vibrant, muted, pastels, or even fabrics and various textures!

Recently a trend has been becoming more and more popular in US homes: a faux headboard. What does this mean? It means that you literally use the wall and space already available to create a creative and very innovative design in place of a bulky headboard in your room. Pinterest has some beautiful galleries if you’re looking for some inspiration. The complexity and project time it will take to finish a headboard creation of your very own is entirely up to you. Some companies even offer templates and decals that can be stuck directly to a wall. The advantage to a faux headboard is beyond aesthetic. Aside from the space you can save, and the flexibility in design you will have, a faux headboard is easy to change, easy to update, and can be modified to reflect changing trends or a changing room.

4.) DIY Message Center:

If you’re anything like me, your life is a constant cacophony of mental “to-do” lists, family engagements to keep, errands that need to be run, bills that need to be paid, and a way of communicating that often gets lost in the mix. Creating a DIY message center is a perfect way to make sure everyone is on the same page. What’s wonderful about these types of message centers is that most, if not all, of the materials you may need can either be found at a local thrift store or on the free section of CL. Don’t marry yourself to chalkboard either. Although chalkboard is an easy solution (especially now that it comes in huge sheets with an adhesive back ( like contact paper), you should also consider using a pane of glass (painted on one side) and framed! It’s the perfect mimic of a dry-erase board, but with markedly more style. You can even use a very thin piece of aluminum if you want to exclusively use magnets, and for those talented seamstresses out there- cloth and ribbon will also create a beautiful, versatile, and most importantly- functional piece to your home… and on a budget. Many of these message centers come with a section for mail, a section to write notes, and a board to post important bulletins to yourself or your family. I’ve seen every design style from rustic to modern, so whatever the style of your home, you can build a message center to compliment your design scheme while adding functionality.

5.) Change Your Faucets:

An often over-looked item on the “home improvement” list- changing your faucets is a simple way to really alter the look and feel of a room. Outside of accent pillows, it is the easiest way to breathe life back into a kitchen or bathroom. Your local hardware store has some great selections – don’t be afraid to be a little daring! Just make sure that all of the hardware matches, and decide whether or not it is important to you to have the same hardware throughout the house. This is also a perfect opportunity to re- pet-proof and child-proof your low lying cabinets.

6.) Add Some Under/Over Cabinet Accent Lighting:

If you want to really add some wow to your living space, consider over/under cabinet lighting. I cannot stress enough: spend the additional money and get lids. At $20 a roll, you can get LED rope lighting in any color you can imagine. Dramatic lighting like this can add incredible depth and dimension to your design space while creating a great atmosphere and additional lighting without the bulk or hassle of adding a new lighting fixture. Some companies do offer these types of lights at a premium- requiring electrical work and a contractor, but the same effect can be achieved with a simple trip to a local store and a little bit of clever fastening. Secure the rope lights out of sight at the junction where your counter meets the body of the cabinet, or hidden on the very top. The lights will reflect light off the wall or cabinet (depending on placement) and will create a dramatic, and beautiful effect that really gives a cutting edge style to any room.

7.) Add a Back-Splash:

Now, depending on how you go about this- it can be both costly and time consuming to install a back splash on your wall. Unless you have some experience with DIY home improvement, I would suggest leaving tile and grout projects to a professional, however, there are ways to install a back splash that can be done by anyone, regardless of experience level. Many home improvement stores sell sheets of pre-made, self-adhesive back splashes that mimic the look of real ceramic tile. Of course- consult with a professional (even if only your native home improvement associate) about which type and material of tile or tile replica you should get. A backsplash is another element like the accented wall; it’s a dash of color and a break up homogeny that adds texture and life to a drab space.

8.) Throw Pillows:

This is more a decorating tip than a home improvement tip- but its details like these that can really tie a room together and help a design space make that leap from concept to polished idea. Think bold and bright. Throw pillows can be just enough color to make a room interesting without being overwhelming or overbearing. Experiment with different texture and fabric combinations, find a mix that suits you. Inexpensive, with big impact; throw pillows are the un-sung heroes of home interior design.

9.) Paint Your Front Door:

Look at almost any “tips, tricks, and ideas” for home improvement, and somewhere on that list will be replacing/repainting the front door. I couldn’t agree more. Beyond the obvious curb appeal, painting your front door can really refresh your home and add some vibrancy and style to your home-front. First impressions are the most important, right? Make the first impression of your home to be one of happiness and warmth. For less than $30, you won’t believe the difference it will make!

10.) Pick a Room: Replace All the Cloth You See:

Updating window treatments, runners, rugs, pillows, and can transform any room in a matter of an instant. That’s the wonderful thing about color; it can change not only the look, but the feel of any space. Even something as simple as replacing curtains can shed years off the appearance of your home- and let’s face it- replacing window treatments is another task on that perpetual, and unending list of “I’ll get to that one day” projects we all keep tucked away. Changing accents like these is flexible, non-committal, and allows space for experimentation and growth over time. Not many home improvement projects can provide that kind of fluidity.

Home Improvement

When someone is thinking about home improvement it is probably because one of two things is happening, the first is the basic wish to improve the look of the house, of the functionality of different things. Make rooms look better and change them and improve the quality of life, the second option is that one is plan to sell his or her house and needs to put in some work to make it worthy of a better price for the property.

Obviously both are of the same importance, and the same rules tips and advice regarding home improvement apply to those who want to improve their living space as to those who wish to improve the prospect of selling their houses, but naturally it is better used by those who are going to improve the home as a function of their daily experience and that they will allow be the ones to gain form the changes they are about to make.

Home improvement is very general term for the changes that you can make in the interior of your house, the family rooms, the kitchen and the home office, or the changes that you can make in your backyard or garden, patio or porch. The garden changes are usually more significant as they allow you to make a complete change to what was there before, not only bringing in new features and installing new things into your garden, but also changing the entire layout of the garden. The third kind of home improvement changes you can make involved the outside of the house, and generally the fundamental things that make your house, these are sometimes a little more difficult and you will need to think about maybe getting some professional help for these tasks, unless you know what you are doing.

Home improvement tasks also require that you make a plan of the time frame and the different changes you are about to make, since you do not want the house to stay in a home improvement phase for too long, you should think about what needs to be done, and when to do it. Most home owners prefer to make indoor changes in winter, taking care of the living rooms and the kitchen, the spring and summer are a good time to make changes to the roof, to any concrete work you may have in your property, installation of new things in the garden or backyard and work on the house shutters.

As with all other things you will need to make sure you understand that these home improvement have costs, and that usually doing things by yourself will save you some serious money, but not time. There are a lot of home improvement centers in which you can find almost anything you need for your house, you can also research on the internet and find interesting new things and cheap ideas for home improvement, the great thing about home improvement is that you can do almost anything in your house, and change your living environment completely, so don’t wait, research and prepare, and good luck with your home improvement.

Yourself Home Improvement Solutions

Many individuals pursue the unique opportunities that exist with investing in real estate. These forms of investment can vary between a person who buys and sells homes as a source of personal finance, to an individual who is looking for a long-term investment for their family to live within, and benefit from improvements in the housing market. Whatever your reason for investing in the real estate, there are many potential benefits when a person decides to pursue do-it-yourself home improvement solutions.

Benefit One: Saving Money

The first benefit that a homeowner will discover when they pursue the do-it-yourself opportunities of home improvement is saving money. Contractors and professionals have a tendency to cost a tremendous amount of money, as you utilise their services, pay their hourly rates, and are required to invest in products that sponsor their company. Rather than utilising this tremendous expense, do-it-yourself opportunities will help to save money by avoiding their hourly rates, choosing from products that best meet your home demands, plus you’ll get the changes completed in a timely manner.

Benefit Two: Expressing Creativity

The second benefit of do-it-yourself home improvement can be found with expressing your creativity. Every person has their own vision in relation to what they believe their home should look like, and the opportunities that are available through a do-it-yourself approach, will allow you to create this vision. You will not be subjected to the limitations of a professional contractor and will be able to do whatever you desire, when it comes to improving your home environment.

Benefit Three: Improving Your Home

The third benefit that a person will discover from the do-it-yourself home improvement opportunity is found with improving your home. While many individuals make improvements in order to prepare their home for sale, there are unique possibilities that are available when you can make improvements that will allow you to enjoy the home you are currently living in.

Benefit Four: Increasing Home Value

The final benefit that a real estate investor or homeowner can take advantage of, when pursuing the do-it-yourself resources of home improvement, exists with increasing your home value. This increase in value can be found in the amount of money your home is worth, in addition to the attraction it has with potential buyers. This combination can prove highly valuable, as you look to get the most out of your investment and seek to sell your home in the quickest time period.

Best Ways To Get Home Improvement Loan

Home Improvement projects are widely popular credited to the growth of TV series and designer shows. While smaller projects top the list of frequency, such as painting and decorating, all home improvement projects can add up quickly. The savvy shopper will not only shop around for the best deal on fabric, but on home improvement loans as well. There are many reasons why people go for home improvement loans, and just as many ways in which to do so. Common borrowing purposes can basically be divided into two categories. The first would cover things such as buying clothes and other purchases on credit cards, using store credit, and taking advantage of buy now pay later or other store financing offers, or perhaps borrowing to pay for a holiday.

The many toget Home Improvement loans are as follows:

1. Personal Loans: Most home owners meet their home improvement loans requirement for home improvement through personal loans. This can save thousands in interest payments. Though mostly widely preferred, the interest rates are subject to market conditions.

2. Secured loan: Secured loan or mortgage can be taken out as secured loans against the equity in your property. This will enable you to take out a more substantial home improvement loans than you would get with an unsecured loan, and you can also enjoy lower monthly repayments and better interest rates.

3. Dealer financing: Whether you want to get central heating fitted or have all the doors replaced, or whether you want to redecorate throughout, have a new kitchen or bathroom, or any other type of home improvement, the dealer from who you buy the goods will finance you with home improvement loans and you repay the principle inclusive of a high rate of interest.

4. Home Improvement Mortgage Refinance: Many homeowners are refinancing to lock in attractive long term fixed interest rates, and thereby using the extra money to pay for remodeling projects. With this type of home improvement loan, you can schedule repayment for 20 or 30 years into the future, and the interest is tax deductible. However, one drawback is that because you’ll be repaying the money slowly the accumulated interest can be quite significant.

5. Home Equity Loans: A Home Equity Loan allows you to borrow against the value of your home and is also one of the smartest ways to finance home improvements. Although one major drawback is that if you default on your payment, you run the risk of losing your home, so paying these loans back in a responsible manner is an absolute must.

6. Bank Loans: Regular Consumer Bank Loans come in handy as home improvement loans, especially for those home owners who need to borrow relatively small amounts of money without much paperwork or delay. These loans usually need to be paid back within a few years, rather than a few decades.

7. Low interest fixed rate loans: Homeowners, including those who have little or no equity in their property, may be eligible for a low interest fixed rate home improvement loan to fund repairs.

Which ever way you may choose to meet your home improvement loan it should suit you’re your budget and timeline. Look for monthly payments that you can easily manage, and an interest rate and schedule of repayment that meets both your short and long term goals.

Effective Home Improvement Ideas

Why the need for tricks? Well, some jobs are known to be intimidating, and downright scary. One perfect example is redoing or improving the home. The costs alone are enough to turn over to the other side of the bed, cover our heads with our pillows, and go to sleep. Then we may also have to contemplate a “not-so-great” job with it, the neighbors starting to sense something awkward, and we will be left alone to live with it. The good news is we can always do something about it. All we need are simple tricks and home improvement ideas so we can get around these concerns.

Remodeling can become an inexpensive activity that is capable of changing or improving the living conditions inside your home. Aside from that, it can also increase the livable spaces within, thereby giving you more options on what you may want to add in it. All these are possible with simple home improvement ideas. Focusing your attention on your house’s exterior is a good start. The exterior can give neighbors that impression that things are much better inside. Simple activities like putting fresh paint can do just that.

Modern times call for so many home improvement ideas. But it would be much better if you can introduce the element of affordability in it. Low-cost improvements will not only improve our homes, but it also saves you money in the long run. And this is what really matters these days, given the hardships we are in. Here are some of these great ideas.

• Introducing “Green” technology – Because everyone is now realizing the importance of taking care of our environment and this great big home that we are living in, having green technology inside your home is a trick that sets the tone for your home improvement ideas. You can put together solar panels, environment-friendly cleaners, efficient cooling and heating systems, and of course, the very dependable energy-saving light bulbs. Some of these may seem too heavy for your budget right now, but it sure will carry you in the long run. Generating your own electricity is very efficient and cost-effective; however you may want to look at it.

• Redecorating and painting your home’s living spaces – These are very simple tricks that can do so much to beautify your home. And it really works! Introducing fresh new paints to the rooms using cool and soothing colors plus the accents helps in creating a more relaxed atmosphere, making you and the rest of your family want to stay home more often.

• All effective ideas to improve your home must come in complete packages. And your home improvement activities will never be successful if you are unable to address more serious concerns, like maintenance issues, or re-insulating all corners of your home. A well-insulated home will help you save money on electric bills. You won’t need to worry about cool air leaking out during summers, or warm air during winters.

There are many more home improvement ideas and simple tricks to help you in your cause. Costs should not hinder you from improving the comfort and living space inside your home.

Best Home Improvement Loan Rate

As the name implies, home improvement loans are special loans that banks and other lenders extend to homeowners for the purposes of making improvements on a home. Improvements that are allowed can fall into any number of categories, including indoor and outdoor improvements.

In general, banks who extend these types of loans to customers would like the home improvements to be something that will increase – or at least maintain – the value of the home so as to preserve the home equity.

Borrowers can generally take out this type of loan from their current mortgage lender, or they can shop around to other lenders. The homeowner has no particular obligation to go with their existing mortgage lender when it comes to borrowing money in the form of this type of loan.

Of course, if you are looking to borrow money to make improvements to your house, you will want to shop around to try to qualify for the lowest-possible rate; shaving just 1-2% off of your loan interest rate could save you thousands of dollars in interest payments.

If you are looking for the best home improvement loan rate, here are the answers to 5 frequently-asked-questions (FAQs) about home improvement loans:

1. Do home improvement loans require that I put up collateral?

A: Many home improvement lenders require that you put up collateral, usually in the form of home equity. They may extend to you, for example, a 75% LTV (loan-to-value) loan. This simply means that the total amount borrowed plus existing mortgage balance together must equal less than 75% of the home’s appraised value.

However, some lenders do offer this type of loan without requiring that the borrower put up any collateral. It is important to shop around until you find a lender that is willing to agree to your desired loan terms.

2. Is there a minimum or maximum loan amount?

A: Most lenders will usually require a minimum loan amount of, for example, $5,000. And, there will be a maximum loan allowed, as well. For those lenders who require collateral in the form of home equity, the maximum can be easily calculated based upon the type of loan (e.g., 70% LTV, 75% LTV, etc.).

3. How do interest rates compare to credit card interest rates?

A: In almost all cases, interest rates for this type of loan are going to be lower than if you borrowed the same amount against a credit card.

4. How do I access the money?

A: You may be paid the money you borrowed in a single, lump sum. In other cases, you may be able to set up the loan payments to where you simply withdraw the amount you need, much as you would when using a credit card or writing checks.

5. Are these short-term or long-term loans?

A: In general, the best home improvement loans are relatively short-term loans. This is especially true if you decide to borrow the money on a borrow-as-you-go basis. However, if you choose to get a lump-sum type of loan, your repayment terms may be longer term, such as 5 or 10 years.

Home Improvement Loans

Home improvement loans are the ideal option for anyone who wants to add looks and value to their home by adding some rooms, going in for fitted bathrooms and kitchens or undertaking rewiring/plumbing related activities. The ideal home improvement loan must ensure that the home improvements are in accordance with the borrower’s needs and also that it does’nt cost a borrower more than expected. The cost of a home improvement loan depends on the rate of interest that the lender charges which is again dependent on the collateral offered by the borrower.

Home improvement loan rates could also depend on the credit ratings of the borrower. If a borrower is credit challenged he/she may not enjoy competitive interest rates. However, increased demand and competition have resulted in a multitude of options for a borrower to choose from irrespective of his credit or income challenges. Online lending services have further simplified the lending process. Borrowers can now source the most competitive deals from the confines of their home or office.

When a borrower avails home improvement loans, he/she is required to pay interest only while the home improvement is in progress. The borrower then makes full monthly payments on the principle amount and interest, where monthly payments are calculated on the amount of money borrowed, interest rates and the loan term.

What can a home improvement loan be used for?

A borrower can avail a home improvement loan for various reasons including:

oHome extension

oDouble glazing

oCentralized air conditioning or heating

oFitted bathrooms and kitchens

oFireplaces

oSwimming pools

oRewiring or plumbing

Before availing a home improvement loan, it is advisable to seek specialist advice and get as many quotes as possible. This gives the borrower a chance to compare various deals and choose one that suits his/her needs the most. A borrower can obtain home improvement through secured and unsecured forms. A secured loans guarantees a large sum at low interest rate with comfortable repayment options. You simply need to place some property as collateral. On the other hand, an unsecured home improvement implies minimum risk for the borrower because there is no need for collateral. However, these loans come with slightly higher interest rates and strict repayment terms.