Very few things are as worthwhile of an investment as your house. Your home keeps you protected from the elements, houses your belongings, and ideally becomes more valuable over the years. However, like all houses, improvements or upgrades may be needed to keep it functioning at optimal capacity, and in order for it to grow equity. For that reason alone, thousands of homeowners choose to take on home remodeling projects every year to improve the functionality, beauty, and value of their properties.

Covering the costs of your home improvement project can be done in a number of ways. In fact, many homeowners choose to combine a couple of these options together in an attempt to lessen the overall burden. At Juranek Home Improvement, we’re aware of the need for affordable, worry-free payment options and financing plans—and work hard to find the best solutions to make remodeling easy and accessible for all of our customers. If you’re interested in remodeling your home and not sure how to pay for your project, here are some of the most common financing options available.


Without a doubt, this is the most straightforward way to finance your home improvement project. When you choose this option, you’re paying for everything in full at the time of purchase, which ensures a couple of things for you.

  • There is no chance the project won’t be completed since everything is paid for.
  • Long-term costs are minimized in favor of large, upfront costs.

Keep in mind that this option takes time to implement considering the average cost of a home remodeling project is around $40,000. Be prepared to wait and to invest heavily into building a savings fund for remodeling your home. In general, this option is truly best for projects that cost $15,000 or less, considering the multiple financing options available for larger projects.

Credit Cards

When it comes to normal purchases, credit cards can be a saving grace. They offer an extra line of funding that you can pay back over time. However, credit cards often have higher interest rates than other financing options. Plus, credit lines usually only go so high. Your best bet with credit cards is to stick to smaller home improvement projects and ensure you can always pay on time. Even better, reserve your credit card for the minor details such as additional materials and supplies and leave the heavy lifting to your other financing options if they’re available.

Home Equity Loans

One of the more popular options for large-scale home improvement projects is to pursue a second home loan, which is also known as a home equity loan. This is a great option for those who want to start on their project quickly but don’t want to refinance their current mortgage. The good news is that you get the whole loan amount upfront. The tricky news is that interest rates vary and you need at least good if not excellent credit to get a favorable rate.

Refinanced Mortgages

Some homeowners may choose to finance their home improvement projects by refinancing their mortgages. This is a popular option because it grants homeowners a reasonable sum of money based on what is owed. In some cases, you can benefit from lower payments or interest rates by refinancing your mortgage. Always check with multiple lenders to ensure you get the best deal possible.

Contractor Financing

Many home remodeling companies will offer in-house financing. This financing option usually carries favorable interest rates and offers more flexibility in securing financing. However, despite the flexible payment options and multiple financing plans, you must look over the terms and interest rates carefully. This will keep you from experiencing costly surprises in the future.

Find Affordable Remodeling Solutions to Enhance Your Investment

Regardless of the reason for your home improvement project, the experts at Juranek Home Improvement understand the importance of a successful result—and aim for nothing less than a beautiful affordable, and value-enhancing renovation for our customers. Since 1976, our team has gone above and beyond to provide superior customer service and a range of helpful and no-stress financing options, we’re confident we can help you build the home of your dreams at a price you can afford.

Ready to get started on your home improvement project? Then give us a call to speak with one of our agents about our professional home remodeling services or fill out our online form to schedule your free quote.