Home improvement season is in full swing in the Twin Cities! Remodeling a home is a job that never seems to be done, no matter how much you do it. You might want to bring the exterior of your home up to a modern appeal with new replacement windows and entry doors. Or perhaps you’d like to add something special to it. Most home improvements aren’t cheap. A lot of times those projects can reach the high $30,000’s, or even more. Some kitchen remodels can cost upwards of $50,000.
Whatever the change is that you’re making inside your home, know that sometimes hidden costs do happen. It is best to plan for the future and know that these hidden costs are planned for ahead of time and covered when they need to be.
Secure a Loan Ahead of Time
Securing a loan before you move ahead with renovations gives you an idea of what you have to work with and the amount of work that can be done. Speaking with a contractor regarding the work you’re thinking of is the place to start. You can get an idea of what the cost will be for the project you’re planning. Then once you have your funding secured, get things in writing. Make sure your contractor knows your approved loan so that the two of you can work together to stay within that amount.
Use Cash Assets If You Have Them
Rather than borrowing, save up money first and then use the assets that you have to pay for the project that you’re doing. You can ensure that you have the right amount and a little extra to cover the entire project. This is the best way since you are not having to pay for interest on the amount that you borrow. This takes a little advance planning, but if you’re able to do this, it will save you money in the long run. You’ll even earn a little interest on that money while it piles up until you use it.
Ask About Funding Through the Remodeling Contractor
Some Minnesota home improvement contractors (including us) offer to finance through their own company. This is a great consideration to make if you want to go with an easy and affordable solution. When you’re in the initial discussions with a contractor you’re considering working with, ask if this is available.
Finally, many communities have low- or no-interest loans and even grants for certain types of projects, especially those that make a home more energy-efficient. Do a little homework to find out what’s available in the area where you live.
Here are Window Outfitters, we offer flexible financing options. Ask us more about our available programs and how they can help you obtain the renovations you’d like to have. Switching out the old and getting the new is the best way to go when it comes to a home improvement project, but you have to have the best funding options first.
Window Outfitters is a premier Window Replacement, doors, siding contractor and installer. As Contractor in the St Paul, Minneapolis, (Twin Cities) Minnesota (MN) metro, we proudly serve, but are not limited to, the following areas: Minneapolis Energy Efficient Vinyl Windows, Replacement Window Contractors Minnesota, Burnsville, Apple Valley, Lakeville, Savage, Bloomington, Edina, Richfield, Eagan, St Paul, Hastings, Minnetonka, Plymouth, Maple Grove, Eden Prairie, Farmington MN, Chaska, Shakopee, Chanhassen, Victoria, Mendota Heights Anderson Windows Minneapolis, Marvin Windows Minneapolis.
