MAKE IT
AFFORDABLE.
Your dream renovation shouldn't wait because of budget. Most homeowners finance their remodel — and it's often the smartest move. Here's how to make it work.
MONTHLY PAYMENT.
Estimated Monthly Payment (8% APR)
For illustration only. Actual rates vary by lender and credit score.
YOUR OPTIONS.
HOME EQUITY LOAN
Best for: Large renovations ($30K+)
Pros
- + Lowest rates available
- + Tax-deductible interest
- + Fixed monthly payments
Cons
- - Uses your home as collateral
- - Longer approval process
- - Requires equity
HOME EQUITY LINE OF CREDIT
Best for: Phased projects
Pros
- + Draw as needed
- + Only pay interest on what you use
- + Flexible
Cons
- - Variable rates
- - Uses home as collateral
- - Can be tempting to overspend
PERSONAL LOAN
Best for: Smaller projects ($5-30K)
Pros
- + No collateral needed
- + Fast approval (1-3 days)
- + Fixed payments
Cons
- - Higher rates
- - Shorter terms
- - Lower borrowing limits
0% CREDIT CARD
Best for: Small updates under $10K
Pros
- + No interest if paid in time
- + Instant access
- + Rewards points
Cons
- - High rates after intro period
- - Low limits
- - Risky if not paid off
SMART MOVES.
Get your renovation quote first
Know exactly what you need to borrow before you apply. Our fixed-price proposals give you a hard number — no surprises.
Check your credit score
Above 720 gets you the best rates. Between 680-720 is still good. Below 680, consider a personal loan or improving your score first.
Compare at least 3 lenders
Rates vary significantly. Check your bank, a credit union, and an online lender. The 30 minutes of comparison shopping can save thousands.
Factor in the ROI
Kitchen remodels return 60-80% of cost. Bathroom remodels return 55-70%. You're not spending money — you're investing in your home's value.