Erik Martin

2 days ago | money.usnews.com | Erik Martin |Gina Freeman |Ray Frager

Getty ImagesCompare the advantages and disadvantages of each financing option for your upcoming remodeling project. Key Takeaways The National Association of Realtors' 2025 Remodeling Impact Report ranks popular home renovation projects based on homeowner satisfaction ("joy scores") and resale value ("cost recovery scores"). Adding a primary bedroom suite, upgrading a kitchen and replacing a roof all earned perfect 10 joy scores, while new steel front doors offered the best financial return.

Feb 4, 2025 | money.usnews.com | Erik Martin |Whitney Blair Wyckoff |Gina Freeman

Key Takeaways Tapping into home equity can provide substantial funds for home improvements at lower interest rates than personal loans or credit cards. Home equity loans, HELOCs, cash-out refinances and FHA 203(k) rehab loans have distinct advantages and drawbacks. While using home equity for renovations can enhance property value, it's crucial to consider closing costs, foreclosure risk and the impact of fluctuating property values.

Feb 3, 2025 | money.usnews.com | Erik Martin |Whitney Blair Wyckoff |Gina Freeman

Key Takeaways Fannie Mae and Freddie Mac help keep the mortgage market stable by buying home loans, selling mortgage-backed securities and establishing lending guidelines. The Trump administration wants to turn these entities private, claiming it would shift financial risk away from taxpayers. Because privatization is complex and uncertain, homebuyers should not base housing purchases on speculation about industry changes.