Finance Home Improvement

First-Time Homeowner Improvement Projects

by Brenda | October 20, 2020

First-Time Homeowner Improvement Projects

Owning a home is a significant investment, and often contributes to a desire to increase the value of a property. Every first-time homeowner wishes to get the best value out of their space, and thus, home improvement projects are common for first-time homeowners. But who are first-time homeowners in this day and age?

The latest research in real estate ownership shows that millennials, single women, and Hispanics have been increasingly purchasing homes. Since the housing market in the United States continues to quickly change, home improvement contractors should be informed of current construction trends. First-time homeowners prefer a modern and functional home over traditional designs.

Appealing Projects for First-Time Homeowners

Contractors looking to meet the demand for attractive and modern homes should look for renovations similar to the following:

  • Update the flooring

Modern home buyers will look at the flooring before making a decision. If a first-time homeowner acquires a house with an undesirable floor, replacing it is a viable if not obvious answer. There are many modern flooring options available for first-time buyers to choose from that can make a huge difference in the look of the home.

  • Make the bathroom functional

Remodeling a home’s bathroom might be costly, but the bathroom might be the reason the buyer prefers one home over another. Home improvement projects for a bathroom can include updating fixtures, adding storage, or expanding a bath to have a separate walk-in shower and soaking tub.

  • Include an upgraded lighting system

First-time homebuyers might overlook a home’s lighting system. However, a home with a perfect lighting arrangement is appealing to most homeowners. Adding additional ceiling lights, upgrading fixtures, or even adding a skylight can be attractive projects for many homeowners.

  • Remodel the kitchen

A functional kitchen compels a potential homeowner to invest. Outdated kitchen designs with loose cabinets might put off first-time homeowners. Renovating the countertops, backsplash, appliances, and cabinets can make a kitchen feel brand new.

The Importance of Home Improvement Financing Options

First-time homeowners acquiring an existing home are likely to incur additional and unbudgeted expenses. Inadequate finances should not be the reason they avoid investing in home improvement projects. Utilizing available financing options can keep homeowners from dipping into their emergency savings accounts, making them happy today while paying overtime.

Medallion Bank offers home improvement contractors the financing options their customers need. If you would like to learn more about our affordable standard installment loans, take a look at our contractor financing options here.

Home Improvement

Hours of Operation Monday – Friday
8am – 6pm MT
Saturday
9am – 4pm MT

Holiday Closures

Please note: Holiday closures are not the same for the Recreation and Home Improvement Departments.

  • New Year’s Day
  • Labor Day
  • Memorial Day
  • Thanksgiving
  • Independence Day
  • Christmas
  • New Year’s Day
  • Memorial Day
  • Independence Day
  • Labor Day
  • Thanksgiving
  • Christmas
  • Day before Thanksgiving,
    Wednesday,
    November 26, 2025
    – Closing at 3:00 MT

    Day after Thanksgiving,
    Friday,
    November 28, 2025
    – Closing at 4:00 MT
  • Day before Christmas,
    Wednesday,
    December 24, 2025
    – Closing at 3:00 MT

    Day After Christmas,
    Friday,
    December 26, 2025
    – Closing at 4:00 MT

    Saturday after Christmas,
    December 27, 2025
    – Closed
  • New Year’s Eve
    Wednesday,
    December 31, 2025
    – Closing at 4:00 MT

    Day After New Years,
    Friday,
    January 2, 2026
    – Closing at 4:00 MT

    Saturday After New Years,
    January 3, 2026
    – Closed

Home Improvement Application Processing Open as Follows

Home Improvement loan application processing is open on the following holidays. All other departments are closed.

  • Martin Luther King Jr. Day
  • Columbus Day/Indigenous Peoples’ Day
  • Presidents’ Day
  • Veterans Day
  • Juneteenth
  • Martin Luther King Jr. Day
  • Presidents’ Day
  • Juneteenth
  • Columbus Day/Indigenous Peoples’ Day
  • Veterans Day

Recreation

Hours of Operation Monday – Friday
8am – 5pm MT
Closed Weekends

Holiday Closures

  • New Year’s Day
  • Labor Day
  • Martin Luther King Jr. Day
  • Columbus/Indigenous Peoples’ Day
  • Presidents' Day
  • Veterans Day
  • Memorial Day
  • Thanksgiving
  • Juneteenth
  • Christmas Day
  • Independence Day
  • New Year’s Day
  • Martin Luther King Jr. Day
  • Presidents' Day
  • Memorial Day
  • Juneteenth
  • Independence Day
  • Labor Day
  • Columbus/Indigenous Peoples’ Day
  • Veterans Day
  • Thanksgiving
  • Christmas Day
  • Day before Thanksgiving,
    Wednesday,
    November 26, 2025
    – Closing at 3:00 MT

    Day after Thanksgiving,
    Friday,
    November 28, 2025
    – Closing at 4:00 MT

    Day before Christmas,
    Wednesday,
    December 24, 2025
    – Closing at 3:00 MT
  • Day After Christmas,
    Friday,
    December 26, 2025
    – Closing at 4:00 MT

    New Year’s Eve
    Wednesday,
    December 31, 2025
    – Closing at 4:00 MT

    Day After New Years,
    Friday,
    January 2, 2026
    – Closing at 4:00 MT

Borrower Services

Hours of Operation Monday - Friday
8am-11pm MT
Saturday
9am-1pm MT

Holiday Closures

:
  • New Year's Day
  • Thanksgiving
  • Memorial Day
  • Christmas
  • Independence Day
  • New Year's Day
  • Memorial Day
  • Independence Day
  • Thanksgiving
  • Christmas

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