Are you planning a renovation project but are worried about going over budget? Learn from builders and contractors about the rooms most likely to face spiraling costs and WHY, so you can make sure it won’t happen to you.

If you’re renovating your home, you’ve probably been impacted by the record high price of lumber. Over the last year, the cost of lumber has increased by 377%. 

Finding the right type of financing for your renovation project can be confusing. We get that.

But what can be equally as confusing is some of the terminology that you’ll undoubtedly come across when researching your options. 

So you’re thinking about a home remodeling project and you want to be prepared and informed.

You’re on the right track!

Taking on a home remodeling project is almost like a part-time job, even when you’re not the one doing the work.

From finding a contractor to getting permits to picking out finishes, you’ll be in charge of a lot of different decisions that you might be unfamiliar with.

Not to worry! RenoFi has lots of info on everything you need to know about the renovation process on our blog.

If you thought 2021 was a big year for home renovations, be prepared for 2022 to be even bigger. 

Home renovation spending is predicted to increase by 9% in the first quarter of this year, and then continue to increase by 8.8% in the second quarter. 

Some states will be renovating even more than that rate this year: Oklahoma, California, New Mexico, Nevada, and Texas. 

What does this year of renovation mean for you?

Taking out a loan to fund your renovation is one of the biggest financial decisions you’ll make in your lifetime, and it’s important you go to a lender you can trust. 

Unfortunately, there are some predatory lenders and loan scams out there that you should be aware of and avoid at all costs. 

If you use a renovation loan service like RenoFi that works with an elite group of credit unions that you can choose from, lenders are pre-vetted and you don’t need to worry about any red flags. 

For those of you who live in Philadelphia, you know our city is comprised of a diverse group of neighborhoods. There are 12 sections total, including Center City, South Philadelphia, Roxborough-Manayunk, Germantown-Chestnut Hill, etc., not to mention the several smaller neighborhoods within them like Fairmount or Fishtown. But the cool part about being a homeowner here is that so many of these neighborhoods contain unique building and architectural styles that you can’t find anywhere else. It offers the perfect canvas for an awesome renovation project, but it also means that Philadelphians need to take these types of building structures into consideration when embarking on a remodel or home improvement project.

If you’re one of the many homeowners looking to upgrade your bathroom this year, it’s hard to know where to start. There are so many decisions you’ll have to make, from tile, to appliances, to walls, to floors, to cabinets, and more. It can be overwhelming!

As 2021 comes to a close, it feels like trends are shifting more quickly than ever. 

According to Gen Z, side parts are out and middle parts are in. Skinny jeans are so 2020 - and we’re even seeing low rise pant styles creeping back onto fashion models.