How to Use Your Structured Settlement Money for Home Repairs

Structured Settlement Money for Home Repairs

After a long fight and a lot of stress, the structured settlement you received is designed to continue supplying you with income for many years to come. While it takes some of the stress off of you, especially if you were the victim of an accident and are now disabled as a result, there are certain kinds of expenses that can be difficult for you to handle with the payments you receive. Major expenses are tough for everyone; but there are ways that you can use your structured settlement or annuity payments to be able to afford the things you need. One of the major expenses that many of our DRB Capital clients face is home repairs and remodeling. If you need money for home repairs, you may be able to sell your structured settlement to get the cash you need.

If you’ve been injured in an accident or another incident, it may have made it harder to get around—that’s a fact that anyone can see. There are a few ways to handle this problem, but the most direct one is to change your house to fit your new needs. Now, it can be tempting if you have small payments to go the do-it-yourself way, or to pay your friend who says he knows all about fixing up houses to help you. But that’s a big mistake just to save some money on home repairs.

The better choice is to hire someone who is experienced, who knows what he or she is doing. But hiring someone who can really help you make your house more comfortable can be expensive. Depending on where you live, and how extensive your house repair needs are, the price tag can be huge indeed. So if you find yourself needing major changes to your house, but don’t have the money all at once to afford professional help, what options do you have?

Some people would say that financing is the way to go. While this can indeed be an option, it can be hard not to end up paying way more than you want to over time; interest fees and finance charges add up fast.

Why pay hundreds of dollars extra if you can avoid it? Another option is to take some of your future structured settlement or annuity payments and cash them in. There are a number of reasons to cash out your structured settlement payments for a lump sum of cash. Repairing or remodeling your house is a very good reason to do it—the payments you’re receiving are to help you take care of your needs, and structured settlement funding exists to help you get access to that money for major expenses like these. It is also good because you don’t have to pay finance charges or interest—it’s money you already have. So if you’re looking to make your house more comfortable, don’t go for the cheap route—Get the money you need to hire a real professional.

We put our sellers first and we want to wish each and every one of you success. If you or your independent advisor have any questions about how you can get structured settlement cash, please call us at 877-894-4541.