Finance home renovations
& potentially add value using your home's equity
Potential equity for
home renovations
*Any estimates of potential equity availability is calculated by comparing the estimated property value to the outstanding loan balance. Additional liens or encumbrances on the property may reduce available funds.
Renovating your home has its costs, but some renovations may add substantial value
Let's take a look at some popular home renovations, then we can dive into the numbers.
Average costs, resale impact, and ROI sampled from Zillow Group's Best Home Improvements to Increase Value article published on August 11, 2025. https://www.zillow.com/learn/best-home-improvements-to-increase-value/
Financing Home Improvements
Using Your Home Equity
Using home equity to finance home improvements may be easier and more affordable than you think. Closing costs are typically lower than a purchase transaction, and the interest paid may be tax deductible - always consult with a tax advisor for more details. Let's take a look at some of the common financing options.
*What Is a Blended Interest Rate?
Your blended interest rate is the average rate you are paying across all of your current debts, including credit cards, personal loans, auto loans, and other obligations. It reflects the combined cost of borrowing when those balances are viewed together.
Why It Matters
If your blended rate across multiple debts is higher than your current mortgage rate, it may be worth reviewing whether consolidating some of that debt into your mortgage could reduce your overall cost of borrowing or simplify your payments.
*What Is a Blended Interest Rate?
Your blended interest rate is the average rate you are paying across all of your current debts, including credit cards, personal loans, auto loans, and other obligations. It reflects the combined cost of borrowing when those balances are viewed together.
Why It Matters
If your blended rate across multiple debts is higher than your current mortgage rate, it may be worth reviewing whether consolidating some of that debt into your mortgage could reduce your overall cost of borrowing or simplify your payments.
Your Guide to Smart Renovation Financing
Every project is different. I'm here to review your equity, outline available options, and help you move forward with clarity and confidence.
Your Guide to Smart Renovation Financing
Every project is different. I'm here to review your equity, outline available options, and help you move forward with clarity and confidence.
Renovate with Confidence
When financing renovations or home improvements, it's important to contact me early in the process. This will help you get a clear idea of your rate, costs, and available equity so you can plan your renovations with confidence.
Determine Your Budget
Consult with your loan officer to confirm your available equity, run the numbers and determine whether a HELOC, home equity loan, or cash out refinance is the best option for you.
Find Local Contractors & Get Quotes
Costs and quality may vary from one contractor to the next. Get multiple quotes and use a trusted resource or reccomendation if available.
Close & Start Renovations
Securing a home equity or cash out refinance is typically simpler than buying a new home. Once we close on your loan - you'll be ready to start your renovations!
Next Steps
Schedule some time to crunch the numbers
Scheduling a 30 minute call with your loan officer can help you estimate the potential costs of tapping into your home's equity to renovate your home.
Find local contractors in your area
It's always a great idea to ask family and friends for their recommendations.
