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Best Loans for Renovations

Best Loans for Renovations

Home renovations are pricey; Pure Finance can help!

Home improvements make your home more comfortable and more attractive in the real estate market. Whether you are looking to improve your quality of living or sell your house fast, you will need to strategize what to renovate and how. How you finance your home improvements is just as important as what your home improvements are. Pure Finance Group can help you navigate the financial process with the best loans for renovations!

Most Worthwhile Home Renovations

Some renovations have a bigger impact on resale value, and many of those projects also require a larger budget. However, it is smart to invest in the most crucial projects to get the most out of your investment. Below are the most worthwhile home renovations to consider:

  • Kitchen: The kitchen takes the most traffic, wear, and tear per day, and a kitchen renovation can easily cost a minimum of $20,000. Updated cabinetry, flooring, countertops, appliances, and plumbing must be durable and stylish. It also helps to have an open layout. You may need to work with a designer to get the most out of the renovation.
  • Bathroom: The bathroom is also a high ticket item. Who doesn’t love walking into a pristine, modern bathroom? The average cost of a bathroom remodel in 2021 is $10,000, but this price can vary greatly depending on the bathroom’s size and condition.
  • Basement: A finished basement adds significantly more square footage to a home and has tons of possibilities. It can easily become a guest bedroom, a home office, a rec room, or even a rental. Complete with its own kitchen and bathroom, this project could easily need $18,000.
  • Fundamentals: Fundamentals like flooring, roofing, heating & cooling, and windows can make a massive difference both aesthetically and functionally. Any of these projects might be well over $20,000.

Is a Home Improvement Loan Right for You?

Knowing what each type of project might cost, you can then decide whether a loan is right for you. One should be familiar with the different types of loans for renovations available, and which best suits your financial condition. Home improvement loans are a great choice for people looking to get funds upfront with little risk of losing collateral, such as the house. It is also a worthwhile option for people with poor credit, since one repays the loan through set, monthly installments. Take the hassle out of finding the ones with the lowest interest rates by working with Pure Finance!

Pure Finance Group Is Here to Help!

Thank you for your interest in Pure Finance Group. We’re so excited you’re here. For more information on how our lending services can help you with your home financing needs, give us a call (410-401-4957) or fill out the form on our contact page today. If you have a question about any lending services we provide including home improvement loans, we are here to help answer all your questions. Just give us a call (410-401-4957) or contact us today. To keep up-to-date with the latest financing tips and solutions, keep in touch with us on Facebook and LinkedIn!

This entry was posted on Friday, January 28th, 2022 at 1:23 pm. Both comments and pings are currently closed.