In more than one instance you get warned about free grants for home improvement programs and over and over again told that no such thing exists as free grants.
With extended and thorough research you will find ample grants focusing on home improvement alone. The free part of it applies to low and medium income homeowners. Grants can be obtained and loans at zero-interest. Part of the criteria for these “free” grants or loans is that it is needed for health and safety purposes.
There are various loans and grants available, but in general grants for home improvement covers:
- Improve and renovate the exterior structure of the house to the building requirements that is currently applicable. This are improvements such as the roof, sidings, better water and sewage systems, doors and windows, extending your house and measures to make your home more easily reached for disabled and handicapped persons.
- Improvements relating to the interior of the house such as alterations to fix the roof and sidings in events where there is major reason for concern regarding your family unit’s health and security. Grants for home improvements relating to the interior of the house also refers to the electrical and water supply systems.
- There are specific grants for home improvements available if you are interested in renovating or converting your existing property into low income housing. Programs of this nature are usually offered by the government in order to better the availability of low income housing in designated neighbourhoods. These types of grants for home improvement are known to cover most of the above mentioned exterior and interior improvements. In addition financial assistance is provided by means of mortgage assurance and the subsidising of mortgage payments.
Some of the most generally used types of grants for home improvement are:
- Deferred Payment