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AACREDITUNION.ORG | 19 out money to contractors and adding daily disruption to your life, setting expectations and creating a firm schedule can save you some avoidable headaches down the road. A PROPER PLAN The foundation of any renovation project is a clear idea of what you want and need. Tap into a number of different sources for design ideas, then develop a functional vision for how it will play out. Answer questions like how the remodel will affect other rooms and areas, along with consideration for how to balance your personal enjoyment of these changes with appeal to potential buyers down the road. FUNDING THE FIXER UPPER Even the most limited home renovations cost money. While saving up before spending for remodeling projects is the ideal, for many of us, borrowing is going to be a necessity. Options include taking out a personal loan; exploring a home equity line of credit (HELOC) or home equity loan, government loan programs, FINANCING YOUR RENOVATION Consideration of a home remodel also means figuring out where the money is coming from to fund it. When it's time to make a decision, American Airlnes Federal Credit Union recom- mends a number of excellent borrowing options to fit your needs. A Home Equity Line of Credit (HELOC) is a popular loan option with an adjustable interest rate that is secured by your home's equity and is tapped into when needed. With mortgage rates at historic lows, a cash-out refinance is also a strong option, particularly if you can benefit from spreading out your repayment term while locking in a lower rate. For more information, visit AACreditUnion .org/borrowing/home-loans or call (800) 533-0035. refinancing your current mortgage; or in cases of minor renovations, using credit cards. THE RIGHT REMODELER When looking for a contractor to carry out your renovation, it's important that this person checks off several boxes. Make sure that you identify someone with whom you can communicate effectively — compatibility is key. Ask for a detailed written proposal with a set timeline. Early on, cover items such as the time of day work will be conducted and access to your property. Also, plan on being flexible with them to cover the unexpected. Dallas-based freelancer BRIAN KEAGY writes finance and lifestyle articles for publications like Intelligent Collector and Spirit Magazine.