If you’re considering making home improvements, one of the first things you’ll think about is how much everything costs. While some costs are quite obvious, others can be surprising to a lot of homeowners. From building permits, to professional labor and cleaning, to new materials, finishes and furnishings, the list of expenses continues.

On top of year-over-year increases in material costs and an ongoing trade labor shortage, supply chain issues and record-high inflation has home improvement spending higher than ever. But that dream home is still top of mind, and the longer you wait, the less it feels like it will ever happen. So you’re stuck asking yourself, is now the right time to renovate?

This article will dive into all the details about how inflation affects home improvement prices, which primary materials are impacted the most, and specific things you can do to save money during this turbulent time.

In high-income neighborhoods, many real estate agents rank outdoor kitchens as homebuyers’ most-wanted outdoor feature. 

An outdoor kitchen adds value and a large return on investment. Plus it’s great for entertaining guests and dining outdoors all year round!

Most renovations add value to your home, and knowing how much this could be can be a great way to justify the investment into a remodel. 

After all, if you’re able to eventually recoup a large percentage of the money that you put into a project, it suddenly makes a lot more sense, especially given that the reason you first considered a new bathroom was most likely that it needed upgrading, modernizing or improving.

What is RenoFi?

RenoFi connects homeowners with lenders that provide RenoFi Loans, helps them prepare their loan application, and conducts renovation underwriting. Learn more about RenoFi for contractors or get in touch with our partnerships team via Email or call 267-817-4776.

Why does finding the right contractor always feel like the hardest part of a home renovation? Trying to find a professional who’s reliable and experienced, who really understands your vision, AND who you feel comfortable welcoming into your home — the process can be overwhelming.

What is a She Shed?

You’ve probably heard of the classic “man cave”: the room outfitted for stereotypical men’s pastimes: the comfy couch for watching sports, a large table for poker games, or his choice of video game console. 

What does a forever home really look like, and what’s missing? While some homeowners think that’s a kitchen or bathroom upgrade, others look at the yard and think about how to make the most of the outdoor space. That could mean adding an ADU or adding a little luxury such as an inground swimming pool. In this guide, we’ll help you to understand the different ways you can finance a pool and dive deep into the pros and cons of each.

Getting a permit really isn’t that difficult. It is important to remember that because not getting all the permits for your project could cost you BIG time. Knowing what you need is the first step. No city is exactly the same when it comes to renovation requirements, so RenoFi is here to help you make sure you have what your project needs. Here’s a helpful guide to obtaining permits for home improvements in Philadelphia and the surrounding areas.