Want to talk to someone about loans for your home improvement project?
We have lending consultants who can help you learn about your loan options. Give us your details and we'll give you a call.
How is this estimate calculated?
We take the information you provide about your location, project scope, remodel and finish types and determine the average costs for labor and materials in your neighborhood. We then add an additional 20% to cover the cost of contractors. The data is compiled from top builder trade publications that use national government databases. It's updated once or twice a year based on market conditions.
The success of your project, big or small, depends on preparation. Our home improvement cost calculator can help you figure out how much it will cost to remodel a kitchen, bathroom or other room. You can also view our video designed to help you uncover the costs of a home renovation or visit our home improvement hub for tools and resources designed to help you tackle your home project with confidence.
In terms of real estate, cost basis is the original value a buyer pays for their property. Cost basis can change over time, and is then referred to as an adjusted basis. Home improvements that can add to a cost basis (that would adjust it) include but aren’t limited to bathroom or kitchen upgrades, additions, new roofing, and more.
Home improvement loans are useful for homeowners who want or need to make home updates but don’t have enough money on hand to cover the cost.
Benefits can include:
Drawbacks include:
The interest rates for home improvement loans can vary, based on a variety of factors:
A secured loan or line of credit, such as a home equity loan or line, may have a lower interest rate compared to an unsecured loan or line but your home serves as the collateral.