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.
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:
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 Project | Estimated 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 |
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:
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:
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.
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.
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.
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.
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:
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.
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.
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.
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.
