You probably don’t need to be sold on the benefits of installing solar: lower energy costs, added value to your home, and playing your part in helping the environment and going green.

Building a garage on your property or remodeling or adding on is a major undertaking, and it can be an expensive one, too. And for this reason, many homeowners turn to financing to cover the cost of construction and make affordable monthly repayments.  But how do you choose financing for your project? After all, with so many different options, it’s easy to get overwhelmed. 

A garage loan is a type of loan that is used to finance the construction, renovation, or remodeling of a garage. It may be obtained from a bank, credit union, or other financial institution, and can come in a variety of forms, such as personal loans, home equity loans, or construction loans. The terms and requirements of a garage loan will vary depending on the lender and the specific loan product. Generally, a potential borrower like yourself, will may need to meet certain credit and income qualifications or be required to provide collateral to secure one of the loan options we’ll discuss below.

If you or a loved one is aging and beginning to experience mobility challenges, modifying your home to accommodate this transition can be quite a task. 

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.