All Topics > Real Estate Resources > Financing > Financing Home Improvement Projects > Paying for a Home Renovation >

Paying for a Home Renovation Georgia

Financing options like cash-out refinancing and home equity loans make paying for your dream renovation a reality.

Local Companies

Appliance Art
678.727.4747
675 metropolitan parkway
atlanta, GA

Handy Hero, Inc.
678-455-2434
745 Atlanta Rd
Cumming, GA

Handy Maintenance
678-427-0110
Po Box 2261
Norcross, GA

Prodigy Enterprise
404-918-5955
Cumming
Cumming, GA

Carithers Wallace Courtenay
770-621-6633
4343 Northeast Expressway
Atlanta, GA

Granite Transformations
678-672-3911
3740 Dekalb Technology Pkwy
Atlanta, GA

All South Remodeling
770-771-3400
4405 Mall Blvd
Union City, GA

CONTRACTOR SERVICES NETWORK
770-709-2900
5280 Peachtree Industrial Blvd
Chamblee, GA

home improvment inc
678-463-0772
2131 serenity dr
acworth, GA

Remodeling Group
404-589-0010
5460 conway dr
marietta, GA

provided by:

A home renovation is a chance to create the home of your dreams out of your current house. However, it may cost quite a bit to create your dream home. If you don’t have the cash to pay for renovations and don’t want to wait years until you’ve saved enough to pay for it, you still have options. You can finance your dream renovation in a variety of ways:

Mortgage refinancing
Got a lot of equity built up in your home? You can use that equity to finance your home renovation project. One way to do that is through cash-out refinancing. In this scenario, you refinance your first mortgage to a higher loan amount. You then cash out the difference and use that money to pay for your projects.

Do you have big structural changes planned for your home renovation? Planning an addition that is going to add a lot of value? The lender may even approve your new loan based on the value of your home after the improvements, giving you more money for the renovations.

Home equity loan
You don’t have to refinance your first mortgage to get money to renovate your kitchen. Instead, you may want to consider a home equity loan. It uses the equity you have built up in your home for a second mortgage. You get the money in one lump sum, good for renovations with a contractor where you have to pay the full amount upon completion. Although a home equity loan typically has higher interest rates than a first mortgage, it also usually has lower closing costs.

Home equity line of credit (HELOC)
A HELOC is another good option for home renovations. A HELOC is a revolving line of credit secured against your home’s value. You can get the money as you need it by using a checkbook or credit card attached to the loan. A HELOC is great for pay-as-you-go projects. Plan to complete the renovation in stages? Then, a HELOC may be your best bet. You make payments only on what you use and sometimes you even have the option of making interest-only payments.

Personal loan or line of credit
Is your project too small to justify using your home’s equity? Maybe a personal loan is the right choice for you. It’s not secured against your home so you’ll have a higher interest rate, but you’ll also have much lower fees. So, if your renovations are just cosmetic improvements to your home, you can avoid tapping into your home equity with a personal loan.

You can also get creative wi

Featured Local Company

Appliance Art

678.727.4747
675 metropolitan parkway
atlanta, GA

Read more about Paying for a Home Renovation

- Move vs. Renovate: How Do You Decide? Georgia

Start by sorting through the pros and cons of both.

- How to Avoid Common Do-It-Yourself Mistakes Georgia
- Making Your Home Energy Efficient Georgia
- Should you buy and renovate a home? Georgia
- Home staging -- easy ideas to do it yourself Georgia
- Home Renovations That Pay Georgia
- Remodeling Can Pay Off Georgia
- How to Finance a Home Improvement Project Georgia
- How To Make Sensible Investment Decisions Georgia
- Home Improvement: Adding value to your house before you sell Georgia

Regional Articles

- Should you buy and renovate a home? Georgia

It's important to weigh the advantages and the disadvantages before deciding whether to take on a home renovation.

- Making Your Home Energy Efficient Georgia
- Move vs. Renovate: How Do You Decide? Georgia
- How to Avoid Common Do-It-Yourself Mistakes Georgia
- How To Make Sensible Investment Decisions Georgia
- Home Renovations That Pay Georgia
- Remodeling Can Pay Off Georgia
- Home Improvement: Adding value to your house before you sell Georgia
- Home staging -- easy ideas to do it yourself Georgia
- How to Finance a Home Improvement Project Georgia

Related Local Events

The Atlanta International Area Rug Market
Dates: 1/6/2010 - 1/11/2010
Location: AmericasMart Building 3
Atlanta, GA
View Details

TechAdvantage Expo
Dates: 2/12/2010 - 2/15/2010
Location: Georgia World Congress Center, Atlanta
Atlanta, GA
View Details

ATME-I 2010
Dates: 4/27/2010 - 4/29/2010
Location: Georgia World Congress Center (Atlanta)
Atlanta, GA
View Details

GlassBuild America 2011
Dates: 9/12/2011 - 9/14/2011
Location: Georgia World Congress Center
Atlanta, GA
View Details

STAFDA's 33rd Annual Trade Show (Specialty Tools and Fasteners Distributors Association)
Dates: 11/8/2009 - 11/10/2009
Location: Georgia World Congress Center
Atlanta, GA
View Details

Advertising	Food & Beverage	Nightlife
Business Services	Franchise	Online Database
Career	Health	Pets
Cars	Holidays	Real Estate Resources
Computer Hardware	Home Appliances	Retail & Consumer Services
Construction	Home Electronics	Software
Education	Home Services	Technology
Entertainment	Industrial Goods & Services	Telecommunications
Environmental	Insurance	Trade Shows
Family	Internet	Travel
Fashion	Legal	Weddings
Financial Services	Miscellaneous	World History

Advertising	Family	Home Services	Real Estate Resources
Business Services	Fashion	Industrial Goods & Services	Retail & Consumer Services
Career	Financial Services	Insurance	Software
Cars	Food & Beverage	Internet	Technology
Computer Hardware	Franchise	Legal	Telecommunications
Construction	Health	Miscellaneous	Trade Shows
Education	Holidays	Nightlife	Travel
Entertainment	Home Appliances	Online Database	Weddings
Environmental	Home Electronics	Pets	World History