How to Pay for Your Home Remodel This Summer

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CHARLOTTE – Can’t find the home of your dreams in this crazy seller’s market with super low inventory? Is it time to remodel your home in Mint Hill? Do you need to update the kitchen or even make repairs you’ve put off for as long as possible? Paying for your home remodel this summer doesn’t need to be as difficult as possible – and, when you choose the right upgrades, they will increase the value of your home which will benefit you later on when you actually decide to sell!

When you’re trying to figure out how to pay for your home remodeling project, you have several options. Let’s look at some of the top options for your remodeling project this summer.

Pay Cash

Of course, the easiest way to handle paying for any home remodeling project is to pay cash. You might not think this is possible, but if you use a few tips, such as buying the materials yourself, hiring sub-contractors yourself, and a few other tips, you might be able to cut the costs enough to pay cash for your remodeling project.

DIY The Labor

You can use what some call sweat equity to help pay for your summer home remodeling project. When you do the labor yourself, even just the demolition, you can save a ton of cash on your remodeling and make it more affordable. If you have the ability to do the work yourself, this is a great way to make your project more affordable.

Refinance Your Mortgage while interest rates are still now

When you refinance your mortgage and use the equity in your home, it can be an easy way to pay for a home remodeling project. You can cash out some of the equity by refinancing and right now, the rates tend to be lower, so it might be a win-win for you.

Use a Home Equity Line of Credit

Sometimes, a home equity line of credit is a great way to handle your ongoing remodeling projects. Since this is a lower interest option than using a credit card or personal loan, it can help you get started and fund the ongoing efforts to remodel your home.

A HELOC will work a lot like a credit card. Once you pay it down, you can take more cash out to do more remodeling on your home.

Use Credit Cards or a Personal Loan

While it’s not the best option for funding your remodeling project this summer, credit cards and personal loans can help. They will be higher in interest, but if you have no other option and you really need to remodel, credit cards and personal loans can help.

These are just a few of the many ways to fund your remodeling project this summer. You can also check your local area for government programs and other helpful programs to aid with paying for home remodeling costs.

I would love to be part of your journey when the time is right for you. If you ever have a real estate question or need, or know someone who does, trust that you can turn to me.  I will help you make the right move! Anna Granger (704) 650-5707 | |

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NC/SC Broker, Realtor®, MBA; SPS (Strategic Pricing Specialist); SFR (Short Sale and Foreclosure Resource); ePro (Internet Professional); ABR (Accredited Buyer Representative); Bi-Lingual: English, German. Contact Anna Granger, 1st Choice Properties, Inc. – (704) 650-5707,