Many resourceful property owners are currently using free government home improvement grants to turn their single family homes into multiple unit rental properties, and making a ton of money doing it. Simultaneously, many American citizens are downsizing due to poor economy and financial struggles, and every day hundreds of citizens sell their homes to purchase smaller more economically practical living spaces.
These unfortunate folks are losing a bundle right now in the current state the housing market is in. It really is a shame that this is happening while there is free government money available to help them come to a reasonable compromise, or at very least, make back some lost equity in the sale of their property.
One resourceful way to make the best of an uncomfortable situation using government funded home improvement grants, that many owners of oversized properties are practicing, is renovating single family properties to become multi rental unit complexes. Achieving free government money in home improvement grants can swiftly turn a twelve room mini mansion into a multi-rental property sporting three four room condominiums, or apartments, depending upon your preference. In such a case, you would even have the option or remaining on the property, while still collecting rental income and/or property sales revenue.
Another way to recoup some losses if you should decide that leaving your home is the best alternative for you or your family is to remodel first, and then sell. If you were to qualify for home improvement grants, you could use that generous funding to update and remodel your property, which would in turn raise the property value enabling you to raise your selling price considerably, without having to invest a single dime out of pocket to do so.
No matter what, if you are an American property owner considering selling for necessity, there may be a home improvement grant available to you that could actually aid in your debt relief plan. It's worth looking into.
Source: http://lifewasbeautifulk.blogspot.com/2012/11/get-home-improvement-grants-and-make.html
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