Renewal Named 2012 Regional Contractor of the Year

The National Association of the Remodeling Industry (NARI) named Renewal Design-Build a 2012 Southeast Regional Contractor of the Year (CotY) in two residential kitchen and bath categories of its annual awards competition.

Contractors from seven regions around the country vie for CotY Awards on an annual basis, and all regional winners will now be eligible for the National CotY Awards. National winners will be announced at NARI’s Evening of ExcellenceSM on Saturday, April 21, 2012 at the Gaylord Texan Hotel and Conference Center, located in Grapevine (Dallas), Texas.

About NARI: The National Association of the Remodeling Industry (NARI) is the only trade association dedicated solely to the remodeling industry.  The Association, which represents member companies nationwide—comprised of 63,000 remodeling contractors— is “The Voice of the Remodeling Industry.”™

View the award-winning kitchen and bath.

Financing Your Renovation

Although you can certainly use savings or short-term credit, there may be other ways to fund your kitchen remodel, addition, or master suite.

Cash-out refinancing – If your interest rate is higher than the current rate, consider refinancing. With an appraisal of your home’s existing value, you have the option to cash out your equity and enjoy the benefits of a lower interest rate.

Construction loans – If you plan to add significant square footage or make major changes to your home, a construction loan could be the solution. This loan takes into account your home’s After Repair Value (ARV), determined by a home appraisal based on your project’s construction drawings. The loan is then applied to your current mortgage.

Home equity loans – If refinancing isn’t an option, a home equity loan is comparable to a second mortgage. You can use your home’s current equity to make improvements, and you receive the entire borrowed sum upfront. Continue reading