Kitchen Remodeling With Financing

Remodeling your kitchen is a very exciting endeavor, but the cost part is not so much. While remodeling your kitchen is a good investment and increases your home’s value, it can still be challenging to prepare the money for doing a complete remodel. This is why it can take years for many homeowners before they do any major renovations. At RemodeltheKitchen.com, we offer kitchen remodeling with financing.

Financing is a great solution if you do not have the entire amount for remodeling. In the US, the costs for basic remodeling for a standard-sized kitchen can already range from $15,000 – $25,000. This is because it requires specialized skills, such as plumbing, wiring, tiling, and cabinetry. With that said, you can already expect about 75% of your ROI when upgrading your kitchen.

Start Your Kitchen Remodeling With Financing

Since paying for any remodeling project is one of the most daunting aspects of home renovations, why not consider kitchen remodeling with financing options? Typically, you can choose between secured or non-secured financing. The first one involves having to put up your home as collateral, whereas the other one doesn’t. Each will come with its own pros and cons, which is why it is important for you to do your research and thoroughly discuss the cost breakdown with your contractor. Either type will come with monthly payment schemes at specific interest rates. Some will have a fixed rate, and others such as the Home Equity Line of Credit (HELOC), will have variable rates because the interest rates can be variable. It will really depend on the bank or lending firm that you approach. This can be an overwhelming process, but it is certainly a great option to consider if you do not have enough money for the renovation project.

On the other hand, at Remodelthe.Kitchen, we offer both kitchen remodeling services as well as financing plans. Instead of having to go through lending companies and have them go through your remodeling plans, we will execute everything. We propose the plans and cost breakdown, and then at the same time, we offer different financing options that will fit your budget. You will be able to build the kitchen of your dreams without draining your savings.

With financing, you can plan your monthly budget according to the monthly payments. This will normally be fixed for the entire duration, whether that is for 6 months to 5 years, it should still stay the same (unless you are using HELOC). You may be worrying that financing your kitchen may affect your credit score, but actually, it can even help with your credit score. As long as you have a record of paying back loans and credit cards, this will help with your FICO score and credit history.

Overall, kitchen remodeling with the financing can be a huge commitment, but in the long run, it will be worth it. It not only positively impacts your daily life but also your home’s entire equity value.