8 Best Ways to Finance Major Home Renovations

Home renovations come in many shapes and sizes, from upgrading an existing room like a kitchen or bathroom, to an addition up top, a finished basement below, or even a laneway home out back. Once you decide to upgrade your home, whether you’re planning to stay for a while or sell in the near future, thoughts soon turn to the best way to pay for home improvements.

Some minor upgrades, such as new paint or updated light fixtures and faucets, don’t typically cost a lot of money, but even the best-planned projects can quickly snowball. Thankfully, there are numerous ways to help you afford your dream home, and even deal with increased costs caused by those dreaded behind-the-wall surprises such as floor rot, foundation cracks or faulty electrical wiring.

So, what’s the best way to finance home improvements? Read on in order to discover your options so you can forge ahead confidently, knowing that you’ll have the financial means to make your vision a reality, no matter how many surprises you encounter!

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