Renovations can cost an arm and a leg, and once the ball is rolling, there's no turning back. Take the time to plan your projects and estimate their cost to ensure you choose the best way to finance them and optimize their potential recoverable value.
If you are the plan-ahead type, you will definitely prefer a savings solution. If you’re a more impulsive type, you will lean towards a financing solution. The following table gives you a look at financing options depending on the cost of your renovations.
|The Best Financing Solution According to Renovations Projects|
|Less than $10,000||$10,000 to $25,000||More than $25,000|
|Line of credit||X||X|