HomeKitchen Remodel Financing

Kitchen Remodel Financing

Get pre-approved for a Kitchen Remodel Loan through one of our partnered contracting companies.
Kitchen Remodel Financing
Renovate can help you finance the kitchen of your dreams. We can connect you with full-service kitchen remodel contractors who offer in-house financing and loan options.
Whether you want to redo the cabinetry in your kitchen or swap out the tiles for something more modern, we are here to help.

How To Get Kitchen Remodel Financing

Step 1
Submit personal, financial, and project information directly on Renovate.com to start your kitchen remodel financing request.
Step 1
Step 2
Your request will be reviewed in real-time, and a pre-qualified offer may be presented on-screen.
Step 2
Step 3
After selecting the offer, you will be redirected to complete the kitchen remodel financing application.
Step 3
Step 4
If approved, the kitchen contractor can begin work immediately while you pay the lender in installments.
Step 4

What is a Kitchen Remodel Loan?

A kitchen remodel loan pays for all the expenses associated with renovating a kitchen. These usually include the cost of buying appliances, replacing cabinets, and installing new flooring. There are several ways to secure a kitchen remodel loan, such as online loans, home equity loans, or direct kitchen financing from the contractor.

The average interest rate to finance a kitchen remodel is between 5% and 36%, depending on the repayment terms, which vary according to your lending institution. Renovate works with reputable contractors offering competitive financing options.

Here’s an example of what a kitchen remodel loan might look like: Imagine someone undergoing a $15,000 kitchen renovation. They borrow the total amount and agree to pay it back over 24 months at a 9% interest rate. The borrower would pay about $685 a month in this representative example.

What is a Kitchen Remodel Financing Loan?

Types of Kitchen Remodels

We pride ourselves on having top-notch kitchen remodeling contractors who offer remodel financing for most kitchen renovations. Here are some of the most common types of kitchen remodels:

  • Cabinetry upgrade: Cabinetry can entail replacing or refinishing cabinets, installing new household (knobs, pulls), and re-configuring the layout to improve space use.
  • Countertops replacement: Replacing countertops can make the kitchen more beautiful and functional. Granite, quartz, marble, and laminate are the most popular materials.
  • Appliances installation: Kitchens can be improved by replacing old appliances. For example, the refrigerator, oven, dishwasher, and microwave are often modernized.
  • Plumbing work: Plumbing upgrades like adding a dishwasher or new faucets could require significant rerouting of pipes.

How Much Does a Kitchen Remodel Cost?

The cost of a kitchen remodel can vary significantly depending on several factors, including the size of the kitchen, the scope of the project, the materials used, and the location. We provide a detailed cost breakdown to ensure the financing process is transparent. Here is a comprehensive overview of the national average costs:

Small Kitchen Remodel (70 to 100 sq ft)$10,000–$20,000
Mid-size Kitchen Remodel (100 to 200 sq ft)$20,000–$70,000
Large Kitchen Remodel (200 sq ft +)$70,000–$130,000

Kitchen Remodel Components Cost

Here are the average prices for various kitchen installments:

ItemCost Range
Kitchen Cabinet Costs$2,000–$10,600
Countertop Installation Costs$1,900–$4,400
Sink Installation Cost$220–$650
Kitchen Faucet Cost$160–$370
Garbage Disposal Installation Cost$100–$1,500
Tile Backsplash Cost$500–$1,700
Tile Flooring Costs$400–$6,500
Appliance Costs$350–$8,000
Light Fixture Costs$160–$950
Plumbing Fixture Costs$330–$1,800

Common Kitchen Remodel Problems

When renovating your kitchen, here are some things you may need help with. Renovate’s financing solutions can help you tackle these common kitchen issues:

  • Budget overruns: Unexpected issues such as structural repairs, upgrades in materials, and labor costs.
  • Delays: Supply chain disruptions, contractor availability, or unforeseen complications.
  • Design flaws: Poor kitchen planning or lack of professional input.
  • Quality issues: Use of low-quality materials or subpar craftsmanship.
  • Unforeseen structural problems: Hidden issues like outdated wiring, uneven or unlevel floors and walls, plumbing problems, or structural damage.
  • Permits and regulations: Need to understand local building codes or delays in permit approvals.

Factors to Consider Before Kitchen Remodel

There are a few things to consider before you remodel your kitchen. Fortunately, our experienced contractors are familiar with all the essential details. Let’s take a look:

Prioritize Upgrades

Prioritize Upgrades

Prioritize the most significant upgrades, especially if your budget is tight. You may want to spend extra money on marble countertops (one of the more expensive options), but if financing kitchen cabinets is the main focus of your remodel, it’s best to prioritize that first.

Budget Wisely

Budget Wisely

A good rule of thumb is to allocate at least 10% of your project’s anticipated budget for the unexpected. Our contractors may consult you on how much of an additional budget they’d suggest you set aside for the unexpected.

Energy Efficiency

Energy Efficiency

When you remodel your kitchen, you will reduce your ecological footprint with an energy-efficient kitchen and save money in the form of lower utility bills in the long run. Here are a few areas to address:

  • Energy-efficient appliances may include refrigerators, dishwashers, ovens, and microwaves.
  • Lighting with LED bulbs uses up to 75% less energy than incandescent bulbs and lasts much longer.
  • Proper insulation and low windows play an important role in kitchen temperature control, especially if you’re expanding the space or installing new windows as part of your remodel.
Account for a Future Sale

Account for a Future Sale

Our contractors are committed to considering your style and what may appeal to prospective buyers. If you plan to sell the home in the next five to ten years, we will help you to make changes that appeal to you and potential buyers.

Benefits of Kitchen Remodel Financing

The primary benefit of kitchen remodeling financing is that you can transform your kitchen without needing upfront payments. Here are some additional benefits of kitchen remodeling loans with Renovate.com:

Competitive Rates

Competitive Rates

Our large lender network also means more financing options for homeowners with different credit profiles. We work with various credit scores, such as superprime and subprime borrowers. You may not need excellent credit to move forward with kitchen financing and your dream kitchen.

Large Merchant Network

Large Merchant Network

At Renovate, we work with homeowners to find a kitchen remodel contractor who can offer direct kitchen financing. All of our contractors are reputable and highly respected within the industry.

Inclusive Credit Solutions

Inclusive Credit Solutions

Our large lender network also means more financing options for homeowners with different credit profiles. We work with various credit scores, such as superprime and subprime borrowers. You may not need excellent credit to move forward with kitchen financing and your dream kitchen.

Streamlined Digital Loan Application

Streamlined Digital Loan Application

To start a kitchen remodel with financing, complete our form and submit your request online. With your basic personal, financial, and project information ready, you can get a headstart on your remodel. You may receive an on-screen pre-qualification offer within minutes based on the information provided.

Apply for a Loan

Apply for a Kitchen Remodel Loan

Get Started

Check Other Home Renovation Loan Options

Kitchen Remodel Financing FAQ

For kitchen remodel financing options, fill out our form to try to connect with a merchant who can help you complete the financing process.

Several factors influence the cost of a kitchen remodel, including:

  • Kitchen Size: Larger kitchens typically require more materials and labor.
  • Material Choices: High-end materials like granite or custom cabinetry increase costs.
  • Scope of Work: You will pay more to remodel the entire building with new structural changes than to simply make some updates.
  • Location: Costs will vary depending on the location, labor costs, and availability of materials.
  • Customization: Custom features and high-tech appliances add to the overall cost.

The better your credit score, the more likely you will receive favorable terms for a kitchen remodel loan. You may be eligible for a loan with a lower score, but it will likely come with higher interest rates.

Fill out our form to connect with a merchant to complete the financing process. If approved, a contractor will help you with your kitchen remodel goals. Get ready to build the kitchen of your dreams.

The average monthly payment for a kitchen renovation loan depends on the loan amount, interest rate, and repayment term. For example, a $20,000 loan at an interest rate of 5% over five years would have an estimated monthly payment of $377.

Check with your lender for specific details based on your loan terms, and use online calculators to estimate your payments.

   
Renovate.com is a financial service technology provider specializing in connecting merchants and consumers with our network of independent lenders and contractors. While we host an application process on our platform, we are not a lender and do not make credit decisions. Our role is to facilitate the connection between consumers and potential lenders. This platform does not constitute a solicitation by Renovate.com to offer loans; all loan solicitations, terms, and conditions are provided by our independent lending partners.
Advertiser Disclosure

The offers that appear on Renovate.com are from companies from which Renovate.com receives compensation. This compensation may impact how and where (including the order in which) offers are presented to consumers. Renovate.com does not make loan offers but instead pairs potential borrowers with lenders and lending partners. We are not a lender, do not make credit decisions, broker loans, or make short-term cash loans. We also do not charge fees to potential borrowers for our services and do not represent or endorse any particular participating lender or lending partner, service, or product. Submitting a request allows us to refer you to third-party lenders and lending partners and does not constitute approval for a loan. What you may be presented is not inclusive of all lenders/loan products and not all lenders will be able to make you an offer for a loan.