Remodeling can be a great way to increase the value of your home while also making it more livable for you and your family, especially if you have spaces that are in dire need of repairs. But it can also be quite costly. Even relatively small remodels like a bathroom remodel averages anywhere from nearly $13,700 to well over $21,000, according to Remodeling magazine.
Of course, with homes going at record-high prices combined with the housing shortage, many homeowners are choosing to stay put and remodel what they have rather than buy a new one. But how do you come up with such a big chunk of money? There are hundreds of programs that can help homeowners upgrade their home, whether the goal is a bathroom remodel, roofing, energy efficiency, insulation, an addition, a heating system, siding, and more.
The National Residential Improvement Association (NRIA) is one of those programs, an organization that can help you find grants and other means to help pay for home repairs. Here’s what you need to know about it if you’d like to get assistance through the NRIA for funding your remodel.
What the NRIA Is
The NRIA is a non-government association, a private sector of prescreened contractors with a goal to help consumers get home improvements through a variety of programs that most aren’t aware of. Through those programs, homeowners can get access to government backed and low-interest loans, grants, tax credits, and other incentives. They provide the funding for the necessary remodels. The NRIA itself doesn’t arrange for home improvement loans, receive commissions, or sell home improvement products.
Home Improvement Grants
While the NRIA can help you receive funding through the programs mentioned, if you’re able to get a grant, it’s a kind of financial aid that you won’t have to repay. They are issued by local, state and federal governments. Of course, these have strict rules, a lot of competition, and there are auditing procedures too. Still it’s well-worth applying for and the NRIA can assist with the process with multiple types of grants available.
Do keep in mind that if you don’t qualify for a grant, there are still many other options that may be available. You’ll work with a local NRIA Program Specialist who will help you understand the programs you might qualify for and their eligibility requirements.
How NRIA Contractors Work
The NRIA is sponsored by various contractors which allows the program to provide home improvement services for free. These contractors have all been screened to ensure they can be trusted. All must be NRIA certified and in order to achieve that contractors have to provide proof of their contractors license, business license, and proof of insurance. Only when those documents are approved by the NRIA will they be deemed credible. This proves to consumers that the contractors are able to maintain a satisfactory rating with local consumer reporting agencies.
The goal for an NRIA contractor is to help homeowners make the necessary changes while sticking within their financial boundaries. It can be essential for many who need expensive remodels and/or repairs whether it’s to improve the home’s value or for safety reasons.