Live in a house long enough and eventually you are going to reach a point where the desire of doing some home renovations becomes almost an obsession. In many cases, this obsession (or even just a simple desire) meets up with the roadblock known as a lack of liquidity. One of the nice things about living in a house long enough to reach the point where home renovations transforms from a want to need is that it may also be long enough to build up enough equity to qualify for a loan.