Home improvement projects can turn out to be quite heavy on the pocket. Especially these days, with inflation on the rise, house improvement materials have become quite expensive.
However, unlike the common man, veterans have a few perks. In most cases, veterans, after serving their time in the military, get certain benefits and discounts. Some of these discounts can also cover savings on home improvements cost.
Therefore, if you’re a veteran looking to save some money on home improvements, you’ve come to the right place. Here is a guide with five simple tips on how a veteran can save up money in home improvement costs.
1. Obtain a veteran affairs loan
If you as a veteran need funding to remodel or improve your house, you can always sign up for a VA loan. VA loans are financed by the U.S department of veteran affairs that do not require any down-payment. The best thing about these loans is that the United States government guarantees these loans and doesn’t have a prepayment penalty.
Read also: 7 Types of Home Loans with Their Pros and Cons
2. Get a veteran’s discount card
After serving time in the military, military officials are eligible for a veteran’s discount card. A veteran’s discount card helps in getting discounts at various stores, restaurants, and even businesses.
Also, a veteran’s discount card can be used to avail household improvement appliances and amenities at discounted rates. For instance, Slick deals offer amazing Lowes coupons and deals for military personnel as well as veterans.
3. Self-made improvements
There are certain improvements that veterans can also make by themselves. This might not suit many veterans out there, but self-made improvements are quite possible and will save you a lot of additional labor costs. Small scale improvements like replacing kitchenware, cabinets, etc., can be done pretty easily, provided it’s done correctly.
Read also: Common DIY Home Improvement Fails that Will Hurt Your Pockets
4. Obtain materials from veteran discount stores
Many veterans are unaware of this, but there are certain veteran discount shops that offer discounts on house improvement materials. These shops can be accessed online and are based at various locations as well.
Home and hardware shops that offer veteran discounts include Brooklyn Bedding, Home Depot, Casper, and Lowes. These shops are well known for offering amazing discounts to veterans and military personnel who are still active on duty.
5. Renovation loans
Like the VA loan, a renovation loan can also be obtained by veterans. This loan financially aids veterans if they wish to remodel or renovate their house. Like the VA loan, the renovation loan can be obtained without paying a down payment or mortgage insurance.
Although the renovation loan does come with many benefits, there are certain requirements to be eligible for this loan. For example, your contractors will need a legitimate VA identification card to start the project.
Read also: A Homeowner’s Guide to What Kind of Home Insurance to Buy
To summarize, veterans, as well as active military personnel, can greatly benefit from the many schemes available in the market. Especially when it comes to improving your house, the five money-saving tips mentioned above can be a viable source. For veterans, these tips will be quite useful as they will save up on a lot of unwanted expenses.
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