5 Reasons to Use a Personal Loan for Yard Maintenance

Does your yard need some attention as the weather warms up and the change in seasons arrives? Springtime is the perfect time to complete a variety of outdoor tasks for both beauty and safety. And if you, like many Americans, don't have a lot of liquid cash, a small personal loan could be the best way to accomplish this. Why? Here are five of the most important reasons.

1. Some Yard Work is Time-Sensitive

Spring yard preparation may not be something you want to put off until your finances are better off. You must work with growing seasons, for instance. And good weather won't wait until it's more convenient for you.

In Texas, spring and summer storms can also wreak significant damage, especially as hurricane season arrives in June. Unpruned, damaged, or diseased trees left standing could be falling hazards. Unhealthy or immature plants can easily be broken or permanently damaged by strong winds. And slopes suffering from erosion problems will be exacerbated by heavy rains.

2. Signature Loans Are Easier Than Home Equity

Many experts suggest using home equity to pay for improvements to the home or property on which it sits. But securing a home equity loan or line of credit can be a time-consuming process, causing more time to slip away when your outdoor projects aren't getting done.

In addition, outdoor projects like upgrading your entertainment space for summer often need just a fraction of home equity available, so they may not be worth the extra effort and cost to get a loan through equity. A signature loan is a much shorter process - sometimes offering approval on the same day - that is more appropriate to smaller projects.

3. Personal Loans May Have Better Rates

Many Americans turn to credit cards when they don't have savings set aside for home projects. But doing so can be costly on many levels. Credit card interest rates tend to be among the highest of all forms of credit, and if you're late on any payment, you may see that rate skyrocket and be penalized by fees. Finally, you can charge up that card immediately after payment, so they create vicious cycles of debt.

Before you pull out that card to have your dead tree removed before a storm, look for healthier alternatives, such as non-revolving personal loans.

4. You Can Hire Help

Unfortunately, a lot of yard work gets delayed because the homeowner plans to do it themselves. But that's hard to actually follow through on. Americans are busy with work and family as well as other, perhaps more pressing, home maintenance.

Could your outdoor project benefit from being able to hire some help? Would the yard get spruced up for visitors better if you can hire a professional landscaping service instead of spending your weekends on it? If so, having the money available and returning it in reasonable monthly payments helps provide the incentive to get the help you need to do things right.

5. Fixing the Yard Helps Home Values

One reason that debt to fix your property is considered good debt is that it helps build home value. Rather than borrowing for things that depreciate or are consumed, borrowing for an appreciating asset is an investment. The landscape is the biggest facet of curb appeal, so it needs proper care and maintenance. Don't put this off and diminish the home's value if you don't have the money to pay for work.

Where to Start

Could your yard benefit from attention this spring? If so, start by learning more about financing the work through a small loan from Central Finance. With terms and loan amounts to meet every landscape or hardscape project, you can find just what you need to fix problems, prepare for bad weather, and make your outdoors more enjoyable. Call today to talk with a member of our team.