Renovation loans allow a borrower to finance the purchase of a home as well as the cost of renovations all in one loan package. These types of loans are best for borrowers who are looking to improve the market value of their future property, or those who simply want to make improvements to a property they want to purchase. Renovation loans are available at the time of purchase, but also when a borrower already owns their property and wants to make improvements to their existing home. Renovation loans allow borrowers to preserve older homes, rebuild homes in disrepair and can allow borrowers to live in pricier neighborhoods at more affordable rates. If you are seeking to improve your future home or the one you live in now, Renovation Loans should be considered.