Choosing to remodel your home now means you can take advantage of very low-interest rates. Home equity loan rates are currently about 5.23%* and home equity lines of credit rates are about 5.39%**. And remember that the interest you pay on home equity loans and home equity lines of credit, or HELOCs, is tax-deductible if the money is used to remodel, repair, or otherwise improve the value of the home that secures the loan.

You don’t need to rebuild to create your dream home. By rethinking the way you use your space, you can love your place now. Your home’s pain points might actually be solved with clever reorganization and thinking outside the box. If your living space is small, don’t let your home's size limit its potential uses!