How to Fund a Home Renovation

Published On: September 19, 20190 Comments on How to Fund a Home RenovationTags: Last Updated: February 15, 20244 min read

First time home ownership is an exciting, but daunting experience. Chances are, if you are a new homeowner, you are accustomed to having a landlord and handyman on call who will take care of any necessary repairs or issues you might experience. Home ownership is a whole different experience. Anything that breaks or malfunctions is up to you to fix. You will either have to solve the issue yourself or find a reputable contractor or company to help you with your issue. With that being said, there are huge benefits to having total responsibility for your own home. Perhaps the greatest benefit is the ability to change, remodel, or renovate any part of your home that you don’t care for.

How to Fund a Home Renovation

In a rented space, for example, you would have no control over what type of tiling you have in your bathroom, or the type of dishwasher in your kitchen. While owning your own home forces you to take care of household repairs, it also grants you the freedom to exercise your own vision. In addition to having your home exactly how you want it, home renovations have the potential to increase the value of your house. There are a variety of different options when it comes to renovating your house.

Home Improvement Projects

  • Bathroom
  • Roof
  • Kitchen
  • Flooring
  • Painting
  • Lighting/Electrical
  • Plumbing
  • Solar Panels

Whether you are embarking on a home improvement project to satisfy your aesthetic vision, or you are improving things that will raise the resale value of your home, home renovation can cost a significant amount of money. Read the tips below to find how to fund your next home renovation.


Even if you are an incredibly self-sufficient, expert-level handyman with ample experience renovating homes, the simple fact is that you will still need a good chunk of change to bring your renovation plans to life. If you keep a balanced budget and have built up your savings, there is no better time to use that money than to fund your home renovation. By using your available savings, you avoid the need to take out loans that will charge interest. With that being said, few Americans have the necessary amount of savings to completely fund their dream home renovation. Therefore, it is likely that you will have to explore other types of funding options in order to complete the renovations you desire.


No matter how much you plan and save up for home renovations, there are bound to be times when the renovation hits a snag that will test your budget. It is critical to overbudget when considering a home renovation, but if you do go over budget, there are still options available to you.

Title Loan

A title loan uses your car title as collateral for a loan. You can receive a good amount of money quickly, so it is a great option when you are nearing the end of your home renovation but have gone over budget. For example, if you are working to flip a house for profit in Port St. Lucie, Florida, but have run out of funds to complete the project, you can find a title loan in Port St. Lucie, use the money to complete the renovation, and eventually reap the benefits.

renovating fun

Home Improvement Loan

While a title loan will you get you the money you need fast, even if you have bad credit, there are a variety of other home-based loans that will help you fund a home renovation.  A home improvement loan is just that: a loan designed to help you afford the renovations you want to make on your home. Home improvement loans offer more money than title loans: up to $100,000 in some cases. However, home improvement loans are harder to get and are impossible to qualify for if you have bad credit.

Credit Cards

Credit cards are another way to fund your home renovations when you don’t want to dip into your savings account. When choosing the right credit card for home renovations, it is a good idea to look for a 0% interest APR card. These types of credit cards are designed to enable buyers to purchase big ticket items without having to pay back the interest right away. A home renovation is certainly a big-ticket item, so a credit card is worth considering.


A home renovation of any kind is almost guaranteed to be a long, expensive project. Many people put off home improvement projects because of the big price tags. However, with these tips in mind on how to fund your home renovation, you can rest easy knowing that you can afford to turn your outdated house into your dream home.

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