Thinking about reinforcing or repairing your home's foundations? Well, there's an excellent opportunity out there for you and it's best you take advantage of it. Yes, PACE financing, the government-backed program, will pay for your foundation project, strengthen your home and increase the value of your property.
Property Assessed Clean Energy financing, or PACE as it's known, is a government-supported program for financing safety enhancements, energy efficiency measures and improvements on private property. PACE programs exist for both residential properties, referred to as R-PACE and commercial properties referred to as C-PACE.
Noted as one of the “top 20 world changing ideas” by the Scientific American magazine, the PACE program is an affordable and effective way of financing a range of residential upgrades that strengthen a property, save energy and increase home value.
As of 2017, hundreds of thousands of U.S. homeowners have invested $4 billion in energy efficiency measures, safety enhancements and other improvements to their homes using PACE financing. Foundation strengthening is one of the smartest ways to upgrade and enhance the safety of your home on offer. And of all states in the program, California leads the way in PACE recipients.
Certified and backed by five-star reviews, the leading foundation professionals in your area will bring you up to speed on the financing options at your disposal, including the PACE program, as well as the best way to achieve your cost and safety-enhancement goals. And don't forget to ask about their warranties on workmanship and materials.
Foundation repair work or strengthening is a functional upgrade that will raise the value of your home and go a long way to enhancing the safety of your family; and with an average ROI of 51%, a foundation project, if required, is certainly worth the cost. Furthermore, people want a home that looks good and feels safe, and visible foundation cracks are enough to reduce the value of a home by up to 15%.
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In addition to the safety element that it offers, a foundation repair or reinforcement project will also raise the value of your home and boost its curb appeal. When you factor in the convenient and government-backed PACE financing program, it's no wonder so many Californians are embarking these days on foundation projects.