Whether you are a homeowner considering a home renovation project or a contractor looking to offer financing to your customers, there is more than one way to finance a home remodel. The loan option that best fits your situation will depend on a variety of factors, including credit, financial position, the amount you are planning to borrow, and the project’s projected ROI.
Financing Options for Home Improvements
Ideally, homeowners should save up the funds for a home improvement project before applying for financing. However, that is not always possible or practical. In that case, homeowners can turn to home remodeling financing companies.
Some common financing options include personal loans, home equity loans, HELOCs, FHA 203(k) loans and credit cards. Each offers different advantages and disadvantages based on your creditworthiness, the scale of your renovation project and — if it is secured by your home — whether you choose a fixed or revolving home equity line of credit.
For instance, a home equity loan is ideal for one-time expenditures that add value to your home, while a HELOC awards you with a revolving line of credit. Credit cards, on the other hand, have variable interest rates and may require you to pay the full balance by the end of an introductory offer that can last up to 21 months.
A professional loan advisor can help you navigate the many home remodel financing options and find the right solution to fit your financial profile. Contact a RenoFi home loan expert today to discuss your options.
Whether you’re planning to sell your home in the future or simply want to make it feel more comfortable and stylish, there are a wide range of expert-approved upgrades that will boost your comfort, storage and energy efficiency. But while many of these updates are relatively inexpensive, the projects that add the most value to your home tend to be more expensive.
It’s important to keep in mind that if you overspend on renovations, your home won’t have the same resale value as it would if you kept within a reasonable budget. For instance, if you spend $10,000 on a new kitchen range but most buyers are looking for mid-range appliances, you won’t recoup your investment. Similarly, a Jacuzzi tub won’t appeal to all potential homebuyers and may actually deter some from making an offer.
To get started, consider having an interior designer visit your home for a consultation. They charge an hourly fee, but they can provide you with plenty of ideas that are likely to appeal to a broad market.
A well-kept yard is also one of the cheapest ways to improve your home’s curb appeal. Pull out weeds and plant a few shrubs and flowers. A fresh coat of paint is another easy-to-do project that can dramatically change the look of a room. Adding more storage space — such as built-in shelves and understair cabinets — is also a smart upgrade. But remember, it’s best to keep your storage upgrades consistent with the size and style of other homes in your neighborhood.
Whether you’re an interior designer, home contractor or simply a homeowner, chances are you will scour the internet for insights and inspiration on your next DIY renovation project at one time or another. The best home renovation websites will offer you the latest advice via articles, videos or podcasts on all things related to the design and repair of your home.
If you’re looking for a comprehensive site that is organized by topic, look no further than Fixr. The site offers a range of topics including exterior projects, woodworking and room additions. It also offers advice on hiring contractors and industry trends. The site is free to use and is a great resource for homeowners.
Dwell is a fantastic website for those who love modern, Euro-style designs. It’s a visually stimulating site that will make you want to start remodeling your own space. Remodelista is a similar website that has many different styles and features lots of helpful guides for homeowners.
Bob Vila – This hands-on TV host has been teaching homeowners for over 30-years and his website is a great resource. It’s broken down into easy to navigate sections covering how-to and get ideas.
This Old House – This comprehensive site is a classic in the home improvement genre. It covers a wide range of subjects and has many videos that showcase renovations and home decor ideas.
Sherry and John from Young House Love are a couple who has turned their blog into a successful business. They share their experiences chronicling 3 home renovations and have plenty of tips for those looking to get started.
Cool home improvements add value to your house, boost your enjoyment of your home and make it a more attractive place for prospective buyers. Don’t go overboard, though. Overly luxurious renovations can actually hurt your chances of selling, because they can make you look like an overspender.
Rather than going out and buying an expensive hot tub or fountain, focus on low-cost enhancements that will add a touch of luxury to your home without adding thousands of dollars in debt. If you do decide to splurge, be sure to get a second opinion from a real estate pro before starting any high-dollar projects.
If your home is a traditional brick structure, freshen up the exterior with a new coat of paint. Instead of a conventional white, try a limewash that penetrates the brick and provides a more durable finish. This is one of the best modern home improvement ideas for brick homes.
Installing storage areas is a smart home improvement idea in any room, especially if you have an empty attic or unused area under the stairs. This is a great way to hide Tupperware or other kitchen clutter, as well as provide easy access to frequently used items.
Polish the look of your front door with small accessories that pack a big punch. Choose a matching finish for builder-basic outlet covers, light switches and door knobs to create a tailored appearance, or mix and match for a one-of-a-kind aesthetic.
Home refurbishment near me is an easy way to refresh your space without undergoing a major remodel. These projects can include anything from a simple painting job to replacing dated fixtures. These upgrades are often more affordable than other renovations and can add significant value to your property.
However, it’s important to consider what kinds of improvements will bring the best return at resale. It’s not uncommon for homeowners to over-invest in upgrades that will never pay off when it comes time to sell. This can lead to a house that is less appealing to potential buyers.
Curb-appeal upgrades, for example, can have a positive impact on your property’s value. They include a well-manicured lawn, fresh paint inside and out, and low-cost landscaping. They’re also a great way to make the most of a small budget.
Other upgrades that can have a high return on investment include kitchen and bathroom upgrades, new roofs, and energy-efficient heating and cooling systems. Keep in mind, though, that many of these renovations require a permit and inspection to avoid costly issues down the road.
If you’re looking for a contractor that offers home refurbishment in NYC, look for one with a good reputation and transparent pricing. You should also get multiple estimates before hiring someone. Check whether the contractor has an insurance policy. You should also ask for references from previous clients.
Moreover, if you’re a homeowner with limited resources, learn about government programs that can help you make home repairs and upgrades. These programs can provide a grant or loan for your project.
When you are looking for repair tips or advice, these sites can help. They also provide information on government programs that can help with home repairs or improvements.
Family Handyman helps homeowners with home repair and improvement projects through its website. The site features articles on storage solutions, DIY projects, and garages and workshops along with expert advice.
Fixr is a home renovation and remodeling resource that offers estimating tools, hiring advice, and industry trends. It also has a comprehensive library of project guides and DIY manuals. The site also has a database of contractors. It is recommended that users review contractor reviews before choosing a service provider.
Whether you’re looking for a general contractor or a specialist in a particular type of home improvement project, our local directory will connect you with experts who can get the job done. Browse reviews and photos, sort projects by skill, and find the professional who best fits your needs.
They re-sided a peculiar-shaped building and 2 sheds, repaired water damage and painted the main building and sheds. Their work was way beyond our expectations.
The 1990s tv sitcom Home Improvement is turning 30 this week, which is reason enough to rewatch one of the best shows of that decade. The show made Tim Allen a household name and a massive pile of cash, but he didn’t rest on his laurels afterward and kept on delivering family-friendly comedy with shows like Last Man Standing and movies like Christmas with the Kranks.
Despite his many acting credits, Allen started his career as a comedian, appearing in local TV commercials and comedy nights in Detroit before moving to Los Angeles where he became a regular performer at the Comedy Store. He also took part in a number of television shows and films before landing the role of Tim Taylor on Home Improvement, which he based partly on his stand-up material.
Home Improvement was sold into syndication after just three seasons, and it became one of the most-watched sitcoms in history. It earned a total of six Emmy nominations, and Allen won the first one for Outstanding Lead Actor in a Comedy Series. He didn’t even know that he was supposed to submit his Emmy application, so he hand-delivered it to the Academy with the help of the USC marching band.
Allen and his co-stars, including Richard Karn and Casey Sander, had a reunion special in 2003 called Tim Allen Presents: A User’s Guide to Home Improvement (a terminally ill Earl Hindman did voice-overs for the never-seen Wilson; he died shortly after the special aired). They’ve also discussed a spinoff on multiple occasions, though no official plans have been announced.
The vasectomy is the only permanent male sterilization method currently available, but it has long been considered a minor instrument in family planning. The procedure offers men a lifelong, effective form of permanent birth control and can lower the risk of sexually transmitted infections (STIs) like chlamydia and HIV/AIDS. However, the procedure has traditionally commanded low client demand and minimal uptake in most LMICs due to misinformation, misunderstandings, and bias against it.
This may be changing, as anecdotal reports suggest that interest in vasectomies peaked shortly after the 2022 Supreme Court decision restricting abortion access. This increase was also evident in a recent analysis examining online search trends in the United States.
Vasectomy can be easily offered through community health centers, mobile health units, or private urology practices. In most cases, men can be offered the procedure within a few days of first asking for it. Vasectomy has been shown to be safe and highly effective, especially when performed by a skilled urologist using modern techniques. The Cochrane review of randomized trials comparing various methods of occlusion found that clips and fascial interposition resulted in the fewest failures, while transection and suture ligation had the highest number of failed attempts.
Policymakers and donors should allocate greater attention, priority, and funding to championing vasectomy and promoting wider method mix, constructive male engagement in FP, and gender equality by making this rights-based option available to more people. Programming efforts could include coordinating supply-side and demand-side interventions; promoting the 3-month immediate postpartum vasectomy period (a “fourth trimester”), when newly delivered mothers are most focused on their own recovery and couples tend to be most interested in limiting subsequent births; and employing a range of communication and outreach activities to reach clients with accurate information about this long-term effective, inexpensive, and convenient method.
We all have a mental list of home repair and remodeling projects we’ve been meaning to do. It starts with a leaky faucet or a flickering light bulb and grows to include an entire room’s makeover or even a major renovation. While some home repairs can be tackled by a seasoned DIYer, many should be completed by professionals to ensure they are done correctly and meet local building codes.
Whether you are doing a small fix or a complete renovation, there will likely be additional costs beyond just the materials used. Labor is the biggest cost factor, but your location also impacts prices. Heavily populated areas tend to have higher labor rates while rural locations may have additional charges for travel time or transporting equipment and supplies over long distances.
It’s important to have a realistic understanding of how much your renovation will cost before starting the project. To help with this, Reyes recommends homeowners use an online calculator to estimate their costs. These tools allow you to enter your address and choose a project type. They will then pull national averages to give you an idea of what other homeowners in your area have paid for similar projects.
It’s also smart to have a plan in place for your family during the construction phase. Some contractors require that you stay off-site during the work and if this is the case for your remodel, it’s a good idea to consider staying in a hotel or even boarding your pets to avoid unnecessary stress and inconvenience.