Outdated kitchen. Overrun backyard. Unusable basement space. If you have a home renovation project on the mind, the first thing you have to consider is how you are going to finance it. Here are the most common options to make your dreams become a reality.

Cash. Paying in cash is the most straightforward financing option, just save until you have enough money to cover the expenses. This will help eliminate spending outside your budget; however, it can also extend your timeline.

Mortgage Refinance. If you’ve been making payments on your home for a few years and your interest rate is higher than current market rates, you may be eligible for a mortgage refinance, reducing your payments and freeing up some money.

Cash-Out Refinance. You can tap into your home equity and borrow up to 80 percent of your home’s value to pay off your current mortgage plus take out more cash to cover the renovations. This option is encouraged only when you’re making improvements that will increase the value of your home, as it can add a lot of interest and fees.

Home Equity. Getting a home equity line of credit allows you to borrow money against the value of your home. You receive usually up to 80 percent of your home’s value, minus the amount of your loan.

Retirement Funds. Homeowners can consider pulling money from a 401K or IRA account, even though they aren’t specifically meant to cover a home renovation. This option might incur additional penalties or tax payments, but may be worth it when making improvements that will benefit them financially in the long run.

Summer is just around the corner so it’s the perfect time to start planning some fun projects for your backyard. Whether you are looking for new ways to entertain and host friends or you want to surprise your spouse or family with an improved aesthetic, here are some DIY projects that can help make your backyard even more spectacular.

Fire Pit – If you buy the stones and materials yourself, you can make a fire pit in less than a day and for under $100. Get ready for some s’mores and scary stories around the campfire right from your backyard.

Tree Swing – Making a tire swing is another cheap project that can be completed in less than a day. You will need a chain, rope, drill, wood for the seat, and a healthy tree to hang it from. Buy a pre-made tree swing seat to make this process even easier.

Garden Bed – This is a great project for DIY lovers with a green thumb. Get ready to eat your own home-grown herbs and vegetables when you create a garden bed in your yard. Make sure to use cedar for the boundary because it is rot-resistant.

Outdoor Lighting – Brighten up your backyard with some easy lighting ideas, such as hanging lanterns, lining wired lights on your trees, or adding some fixtures along your walkway. Make your backyard a soothing retreat with some ambient lighting.

Bird Feeder – Show some love to your neighborhood birds by creating a bird feeder for your backyard. Make sure to place your feeder away from any windows and in a high area so no other animals can reach it. Get ready for some lovely bird songs.

Houseplants are great natural decoration pieces to occupy a corner, window sill, table, or shelf, but they also offer many health benefits that can enhance your physical well-being.

Air quality. In the late 1970s, many buildings were constructed with limited fresh air exchange and ‘superinsulation’ in an attempt to minimize energy costs. However, occupants began to report various health problems. This phenomenon, known as ‘sick building syndrome,’ was caused by the lack of fresh air entering the building and emissions of ‘various organic compounds’ from synthetic insulations. In 1989, NASA conducted a study to counteract ‘sick building syndrome’ and their results were nothing short of remarkable. They found that certain houseplants can absorb pollutants in the air through their soil and improve air quality dramatically. The study found that plants, such as Chrysanthemums, peace lilies, English ivy, and ficuses, do a great job combating indoor air pollution.

Decreasing stress. According to a 2015 study conducted by scientists at Chungnam National University, interacting with plants “can reduce physiological and psychological stress.” During the study, half the participants completed a task on a computer while the other half repotted a plant. They found that working with plants inspired comfortable feelings and reduced more stress compared to completing the computer task.

Sleep. The 1989 NASA study discovered certain plants have the ability to remove pollutants from the air and this natural process could improve your sleep. We release a lot of carbon dioxide when we are sleeping, but plants like aloe vera or snake plants can absorb that carbon dioxide and replace it with oxygen.

Curb appeal is a big factor for home buyers. The exterior of your home is the first thing buyers will see when they come to a showing or open house, and you want to make a great first impression. And even if you’re not selling your home, these are low-cost, low-time investment fixes that can make a big difference.

Fix Landscaping Eyesores
A brown, dead lawn—or an overgrown one—isn’t the best way to welcome buyers to your home. If your lawn is in need of repair, consider watering it regularly. If your grass is healthy, keep the lawn freshly mowed. An appealing lawn can be worth more than $1,500 in the final price of your home.

Shutters And Siding
It’s easy to let your exterior walls fall into disrepair, or even to let them get a little dirty. A good scrubbing or power washing can make your siding look brand new, and you can touch up any major issues with some paint. The same goes for your shutters.

Add Some Living Accents
So far we’ve covered fixing what’s broken. Next, it’s time to add a little personality. Planting flowers will add some much-needed color to an otherwise ordinary outdoor space. Potted plants will do the trick too, especially if you have a deck or patio that needs a little decorating.

Work On Your Walkway
The path to your front door should be inviting. A stone walkway from the driveway instantly upgrades your curb appeal. And if you’ve already taken care of that part, tidy up by removing weeds and debris, and then line the walkway with some subtle lighting. It’ll make your home look cozy and appealing, day or night.

You’ve found your dream home and now it’s time to cross all your T’s and dot all your I’s before it’s all your own. And one of the first items on your closing checklist is the home appraisal. So, what exactly is that?

The home appraisal is essentially a value assessment of the home and property. It is conducted by a certified third party and is used to determine whether the home is priced appropriately.

During a home appraisal, the appraiser conducts a complete visual inspection of the interior and exterior of the home. He or she factors in a variety of things, including the home’s floor plan functionality, condition, location, school district, fixtures, lot size, and more. An upward adjustment is generally made if the home has a deck, a view, or a large yard. The appraiser will also compare the home to several similar homes that were sold within the last six months in the area.

The final report must include a street map showing the property and the ones’ compared, photographs of the interior and exterior, an explanation on how the square footage was calculated, market sales data, public land records, and more.

After it is complete, the lender uses the information found to ensure that the property is worth the amount they are investing. This is a safe-guard for the lender as the home acts as collateral for the mortgage. If the buyer defaults on the mortgage and goes into foreclosure, the lender generally sells the home to recover the money borrowed.