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Home Remodeling Financing

Request to prequalify for home renovation financing through a local contractor in our network.
Home Remodeling Financing
If you’re ready to remodel your house, we’ll try to connect you to home improvement contractors in your area who offer financing.
Explore options for financing home renovations by filling out the form above.

How to Get Home Remodeling Financing

Step 1
Fill out the form with your details, financial information, and home renovation loan needs.
Step 1
Step 2
Allow us to review your request in real-time, and a pre-qualified offer for financing options may be presented on-screen.
Step 2
Step 3
If available, select an offer with terms that work for you and complete the loan application.
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Step 4
Work with your remodeling contractor to complete the job while you repay the loan over time.
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What Is a Home Remodeling Loan?

A home remodeling loan is a type of financing specifically designed to help homeowners fund renovations or improvements to their existing properties. You can use a home improvement loan to remodel areas in your home or expand it. Whether you update your bathroom, redo the kitchen, or add to the garage, home improvement loans can help you afford the upgrades you want to make and maximize the potential value of your home.

Renovate works with reputable contractors who offer affordable and flexible financing options so you can tackle everything on your punch list. Loans for home improvement amounts and terms vary based on your creditworthiness and the companies that offer financing.

For example, if you get renovation financing for a project that costs $35,000 at an APR of 10% over 60 months, you would pay about $744 per month. Your total cost to repay the loan would be $44,619.

What is a Home Remodeling Loan?

Types of Home Remodeling Projects

From one-room upgrades to gut renovations, Renovate’s best-in-class contractors have the experience and know-how to help you make your dreams a reality:

  • Bathroom updates: Revamping the layout and fixtures in your bathrooms can add to the value of your home, whether you install a new shower or tub, replace old sinks and cabinetry, or incorporate a stylish new tile throughout. You can also address space constraints, outdated plumbing, mold, and mildew.
  • Kitchen remodels: The expenses associated with renovating a kitchen usually include buying appliances, replacing cabinets and countertops, and installing new flooring. These tasks are generally best left to skilled contractors from Renovate, who can tackle plumbing, electrical, and other complex installations.
  • Landscape improvements: New, fresh landscaping can breathe new life into your home’s exterior and offer the curb appeal your neighbors will envy. Backyard projects, garden designs, and hardscaping renovations can add beauty and address drainage issues.
  • Flooring: Older homes often come with several styles, but upgrading your home to have one consistent flooring type throughout can vastly improve the look and feel of the space. The budget for flooring projects will depend on the material you choose and the size of the room(s) you want to enhance.
  • Insulation: Homes with inadequate insulation are less energy-efficient. Spending money to properly insulate your home usually pays for itself in a matter of years because sealed homes are better equipped to regulate temperature. Plus, insulation is known to collapse and deteriorate over time, requiring replacement.
  • Basement refinishing: Finishing a basement will add more square footage to your home, increasing its value. For the project to count as a “liveable” space, you must add heat and electrical supply, an entrance that meets local codes and finished walls, ceilings, and floors.
  • Lighting: Modernizing lighting throughout your home is a budget-friendly way to elevate the space without a lot of demolition. These projects include adding recessed lighting, installing statement chandeliers, or changing a ceiling light to a pendant light.
  • HVAC: Upgrading your appliances and systems to more energy-efficient models benefits homeowners in many ways. For example, heating and air conditioning installations can generate ROI by reducing energy bills and regulating your home’s temperature.
  • New roofing: Replacing your roof, addressing structural repairs, and installing energy-efficient roofing can significantly improve your exterior aesthetic. You’ll need to include the materials, installation, permits, and inspections required for roofing projects in your remodeling budget.
  • Deck: Customizing your outdoor living with a new deck is a remodeling project that can spruce up your home and lifestyle. Whether you nail down pressure-treated wood or composite decking, frame out a space large enough for your family’s needs. Many homeowners like to allocate space to fire pits, seating areas, and outdoor grilling stations.
  • Window replacements: Subbing your old vinyl windows for newer, more energy-efficient panes can help insulate and protect your home. Depending on your budget, replacement windows can be added individually by window, or you can upgrade the whole house.
  • Garage improvements: A garage addition or remodel is a popular home renovation because it adds usable square footage and value to the home. Whether you add an attached, detached, or lofted garage, a contractor can help you build a safe and beautiful garage.
  • Living Room Remodel: A living room remodel transforms your main gathering space into a stylish and functional area, adding fresh elements like modern furniture, updated lighting, and optimized layouts for both comfort and entertaining.
  • Home Office Renovation: A home office renovation creates a dedicated, productivity-enhancing workspace by incorporating functional storage, ergonomic furniture, and design elements tailored to support focus and creativity.
  • Bedroom Remodel: A bedroom remodel focuses on creating a cozy, restful retreat with updated paint, lighting, and furniture that reflect your personal style, enhancing relaxation and comfort.

How Much Does a Home Remodeling Project Cost?

The cost to remodel some or all of your home will vary significantly by project size, the finishes you choose, and the local labor rate. On average, house renovations cost about $15 to $60 per square foot

The project you decide on will also determine the professional you choose to complete the job. When renovating multiple rooms in the house, most homeowners hire a general contractor instead of multiple tradespeople and subcontractors. 

Remodeling ProjectEstimated Cost
Bathroom$2,500–$20,000
Kitchen$20,000–$115,000
Flooring$4–$32 per square foot
Landscape$4–$12 per square foot
Insulation$0.65–$8 per square foot
Basement finishing$7–$25 per square foot
Lighting upgrades$100–$1,000
HVAC$5,000–$12,500
New roof$4–$40 per square foot
Deck$30–$60 per square foot
Window replacements$275–$4,500 per window
Garage$35–$90 per square foot 

Common Home Remodeling Problems

Home is where the heart is. When you’re ready to improve your home, our network of skilled contractors can alert you to some of the common problems that come with a home remodel so you can take steps to avoid them:

  • Budgeting unrealistically: Before you delve into any sort of remodeling, be sure to do thorough research to see what your expected costs may be. Without proper budgeting, you may end up spending more than you planned and find yourself in debt.
  • Unforeseen issues: You’ll likely encounter unexpected problems once you demo walls or tear up flooring, such as water damage or code violations. Most experienced contractors will account for these expenses in their project quote, but it’s important to remember that some remodels don’t go exactly as planned.
  • Permitting delays: You won’t be able to start on larger projects that require a permit until they are pulled, approved, and filed. This can take a few weeks up to several months. If you have not anticipated these delays, you and your contractor team could be stuck in limbo until the municipality gives you the go-ahead.
  • DIYing projects meant for a professional: Many homeowners try to DIY remodeling projects to save time and money, but forgoing professional help for projects you don’t have experience doing could end up costing you more in the long run if mistakes are made. When planning your home renovation, be honest about what upgrades you can realistically do yourself and what is better left to the pros.
  • Wrong materials: When choosing your project materials, consider your local climate, who will use the space, how much use it will get, and the product's price. Sometimes, the cheapest material isn’t the best choice if you need a lasting, durable material — like opting for an affordable carpet in your mudroom. Alternatively, the most expensive option could be wrong for your location — like buying insulation with a higher R-value than is recommended for your climate.

Factors to Consider Before Planning Home Remodeling

Many factors determine the project scope and process for renovating or remodeling your home. Renovate’s network of top-notch contractors will consider your vision, budget, and local building requirements to help you make beautiful upgrades that will improve the look and feel of your home.

Here are some of the aspects they might walk you through before starting a home renovation project:

Age of the Home

Age of the Home

Older homes are usually more expensive to renovate than newer homes since you’ll likely need to update plumbing, electrical, and HVAC systems. As you demo walls and flooring to revamp the spaces, you may encounter hidden problems such as termite damage or water leaks. Be sure to budget for unplanned projects by talking to your contractor about common problems you might run into with a home of your age.

Required Permits

Required Permits

Major home renovations will likely require a permit — and bypassing legally required licenses could lead to severe consequences. Minor updates, like painting a room or adding light fixtures, don’t usually require permits to update. Check your local rules and regulations, or ask your contractor to determine whether permits are necessary. A seasoned contractor, like the ones in Renovate’s network, can help pull the proper permits before starting a project.

Living Arrangements

Living Arrangements

More complex renovations can take several weeks or months. While your family can likely make due at home during minor renovations, like upgrading one bathroom of several, you might struggle to live at home during larger projects requiring full demos. Remember to plan and budget for where you’ll stay while these gut renovations occur, like an extended-stay hotel or short-term rental.

ROI of the Project vs Market Value

ROI of the Project vs Market Value

Television shows and online mood boards make it easy to dream significantly about home remodels, sparing no expense. But it’s essential to avoid over-renovating your home for the value of your neighborhood. Every house has a "capped value," or price it will probably never exceed, and over-renovating could mean you won’t get the money back you put into the project. Scale down (or up) your plans and materials based on your family’s needs and work with a reputable contractor who does quality work to help ensure you earn enough ROI to recoup the costs later on.

Benefits of Home Remodeling Financing with Renovate

Renovate helps homeowners add value to their homes by unlocking more opportunities to renovate and restore. Here are some of the benefits of using Renovate to secure renovation financing:

No Additional Costs

No Additional Costs

It’s free to use our financing request form and connect with experienced contractors who may offer flexible financing solutions. Renovate will reference its network of pre-screened home renovation professionals and show you affordable payment plans for your most pressing remodeling projects without a high upfront cost.

Competitive Loan Rates

Competitive Loan Rates

Renovate strives to connect homeowners with varying credit profiles to reputable, pre-screened contractors and direct financing options. Our extensive, inclusive lender network secures more opportunities for remodeling financing that helps cut your costs into more affordable payments that put your home improvement goals within reach.

Fast Funding and Approval

Fast Funding and Approval

With Renovate, you may get a pre-qualification offer in minutes. Submit your request using our online form, and we’ll try to connect you with contractors who offer home improvement loans near you so you can get started drawing up your plans quickly.

Apply for a Loan

Apply for a Home Remodeling Loan

Check Other Home Renovation Loan Options

Home Remodeling Financing FAQ

Home renovation financing options include a home equity line of credit (HELOC), home equity loan, personal loan cash-out refinance, and credit card financing. You can also shop around for private financing options offered through home improvement contractors and companies. Consider your financial situation when applying for home renovation financing, as the terms, rates, and conditions vary by loan type and lender.

The home improvements with the most significant ROI include HVAC conversions, garage door replacements, minor kitchen and bathroom remodels, and energy-efficient upgrades. How much value your projects will return depends on the quality of finishes you choose and the price you paid to complete the upgrade.

While the minimum credit score you need for a home renovation loan depends on the type of loan and the lender, you’ll generally need a minimum score of 620 to get approved for financing. The higher your credit score, the better your terms.

With a personal loan for home improvements, you don’t need to provide collateral to secure the loan. This helps streamline the application and approval process. A home equity loan takes a few weeks to evaluate your home and approve the loan. Home equity loans have longer terms and lower interest rates, but they can put your home at risk because they use your home equity to fund the loan if you miss payments. Home improvement loans have higher interest rates, but the funds are often available quickly and don’t put the home at risk.

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