Finance home renovations
& add value using your
home's equity
Available equity for
home renovations
Renovating your home is rarely cheap, but the right renovations can add substantial value.
With the average homeowner holding more than $100k in equity, you may be able to use your home’s equity to renovate your home with no out of pocket expense.
Let’s take a look at some of the most 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.
Financing Home Improvements
Using Your Home Equity
Using your home equity to finance home improvements is simpler and affordable than most homeowners think. Closing costs are typically much lower than a purchase, and the interest paid is tax deductible. Let's take a look at the most common financing options.
Note that these options may not be available to everyone, so always consult your loan officer about the best option for you.
Speak with your advisor
We've teamed up with ACME Mortgage to help you plan your next move – from affordable tools to expert local agents ready to support you every step of the way.
Speak with your advisor
We've teamed up with ACME Mortgage to help you plan your next move – from affordable tools to expert local agents ready to support you every step of the way.
Renovate with Confidence
When financing renovations or home improvements, it's important to contact your loan officer 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 wildly from one contractor to the next. Get quotes from 3 to your preferred contractor, get multiple quotes, and hire local. Ask of your budget for unforeseen expenses.
Close & Start Renovations
Securing a home equity loan or cash out refinance is typically much simpler than buying a new home. Budget about 30 days for closing. Then you'll be ready to start your renovations!
Next Steps
Crunch the numbers with your loan officer
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, but if you're starting your search from scratch, we can help.
