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While Craftsman-style houses are bungalows, cottages typically aren’t, though they can be. But they also differ in other stylistic aspects. For instance, cottages usually have simpler designs and painted woodwork.

No, radon mitigation systems do not decrease home value or make a home harder to sell. In areas where homes experience similar radon exposure risks, a radon mitigation system is viewed as an improvement. Potential homebuyers often opt to buy a home with a radon mitigation system already installed to reduce the risk of cancer for their families.

No, the appraisal value comes from an appraiser and is a professional opinion of value based on property location and condition, while the market value is determined solely by what buyers are willing to pay for your home. Lenders normally use appraised values to ensure they’re staying within target loan-to-value (LTV) ratios—the market value is simply what the home sells for. Appraised value can sit above or below market value.

No, home improvement loan rates typically do not drop during certain times of the year. Interest rates go up and down based on economic conditions rather than on the time of the year. Some banks may offer slight rate discounts around the same holidays every year, but this is a marketing decision rather than a decision based on the time of the year. If you want to use a home improvement loan to fund your remodeling project, the best option is to shop around at different banks for the best rates.