Although we may try, it can be nearly impossible to keep a home updated with the current trends. One year granite counters are in; the next year, marble is. It can feel like cabinets have flipped between needing to be black or white depending on whether the year is even or odd. On top of that, having to remodel an entire room or home if you move can be a significant pain in the wallet. The average home remodel can cost anywhere from $15,000 to $200,000, depending on whether you’re taking out a while or you’re gutting the whole thing.
How is anyone supposed to afford that?
Instead of taking out a mortgage on your home to update it, here are some other options!
1. CrowdFund
Fundraising for home remodels, and home improvement has become an increasingly popular trend in recent years. Although it might feel a little embarrassing to put your request out there publicly, it’s a great way to get what you need.
Sites like GoFundMe allow you to connect with people who want to help you financially and give you the chance to succeed. Most fundraisers offer a perk in return, so you could vlog (video blog) the updates as you complete them.
2. Save and Update Over Time
The step most people take when updating their homes is to save money and update the building over time. This might sound tedious and drawn out, and that’s because it usually is. However, those who want to try this should attempt to set aside a specific amount of money for every paycheck. Make goals for what you’ll allow yourself to complete when you hit certain milestones and then follow through. This is the long-term option, so it’s essential to ensure that any changes are ones you’ll always like.
3. Take Out a Loan
Looking for home funding may feel a little uneasy if you aren’t sure how much you need, but it’s important to figure that out early. Calculate what you are willing to spend on your home’s changes, and then consider how much you’re capable of paying that off every month. Most lenders will work with you to find what you can afford and make a rate where you can pay off the changes.
4. Try To DIY To Save
If your remodel is looking incredibly expensive, sometimes the main culprit can be the cost of man-hours. It can be beneficial to have professionals help with your project, but they can charge anywhere from sixty to two hundred dollars an hour, which quickly adds up. You shouldn’t attempt a project without getting informed, but you can save a lot of money by DIYing it.
Some helpful ways to learn the tricks of the trade are to ask for an experienced family member or friend to help teach you or thoroughly study up on YouTube. If a project scares you or doesn’t think you can handle it, go back and try one of the other options instead. Your health and safety are what’s most important.
Article Submitted By Community Writer
