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How to Finance a Whole House Remodel

Financing a whole house remodel isn’t always easy. Most homeowners who are interested in renovating an entire older home don’t have the cash lying around to cover every cost. Even if you’ve saved a decent chunk of change, unexpected costs can always arise. Here, we’ll discuss a few ways to finance and pay for your whole house remodel—and not break the bank!

Here’s How to Finance a Major Remodeling Project

1. Save up.

Option one is to use your savings account. If you’re planning a major whole house renovation, you’ve likely been thinking and planning for some time. Consider how much you have saved and create a budget accordingly. Add in wiggle room for unexpected expenses, as you never know what could happen during the building process. 

2. Use credit. 

Using a 0% APR credit card can be a great way to earn points and cash back on this major purchase you were planning to make anyway. As most 0% cards have a time limit on this introductory offer, just make sure you have a repayment plan in place and the diligence to stick to it. If you don’t have the capital to back it up, charging your remodel might not be the best move for you or your credit score.

3. Get a loan.

Finally, you can always take out a loan from your bank or any financial institution for your home remodel. Often, qualifying for a home remodel will take good credit and history of repayment. From second mortgages to renovation loans to cash-out refinancing, your lender will be able to answer specific questions about your financial situation and help you into a loan that fits your unique needs. 

H3 Construction and Design: Home Remodeling Near Denver

Ready to schedule a home remodel near Denver, CO? The team at H3 Construction and Design is always ready to help you renovate, restore, and add on to create the home of your dreams at a price you can afford. We take on projects of any size and have been called one of the best home remodeling contractors near Denver—give us a call today at 970-515-2264 or contact us online to learn more!

Located in Loveland, CO, we also serve homeowners throughout Fort Collins, Ault, Greeley, Denver, Windsor, Boulder, Longmont, and the surrounding communities in Northern Colorado.