Strategically use a bank card to cowl the cost of your upgrades. Rewards playing cards can get you paid as you improve, while a card with a 0% introductory APR can cowl short-term home renovations. You can’t declare a tax deduction on the curiosity on private loans as you may be in a position to do with mortgage curiosity. Since the loan is unsecured, the interest rate may be larger than on a home fairness mortgage or home equity line of credit, which typically have rates within the single digits. This might influence which products we evaluate and write about …