A Guide For Understanding Home Improvement Loans
Author:
Kevin GrahamFeb 5, 2025
•7-minute read
Whether you’re doing a major remodel or renovating just the bathroom, having a game plan to come up with the funds is a good starting point. We’ll go over several types of home remodel loans. You’ll be better prepared once you understand the ins and outs of the several home improvement loan options.
What Is A Home Improvement Loan?
There’s no one home improvement loan. Rather, you’re choosing between several financing options that could allow you to pay for home improvements big and small:
- Installing a new roof
- Replacing an outdated HVAC
- Fixing a damaged plumbing system
- Buying new furniture
- Adding or updating rooms
- Building a new garage
- Installing a home addition
- Funding a DIY renovation or overhaul
- Upgrading kitchens and bathrooms
While some of these require a significant upfront investment, there are targeted upgrades you can make that could increase the value of your home. These include adding a new deck, updating old appliances, doing marble countertops or redoing the kitchen floor.