Creative Ways to Finance a Huge Home Remodeling Project

Exhaust Available Resources

• Since a house remodeling project usually involves taking out some furniture pieces, sell stuff which will not be needed in the improved house. This can include old clothes, furniture, toys, books and appliances. Money from a garage sale can be used to fund your remodeling project. Advertise in the local newspaper and on any social networking websites that you frequent for a good turnout.

  If there are no available appliances or furniture to sell, get creative A lot of online stores welcome sellers of crafts and novelty items. Hand-made paintings, clothes, shoes and jewelry can help make a significant amount of money, aiding you in obtaining the required amount for a home remodeling project.

Budget Buys

• Buy materials in bulk and share the expense with friends who are also improving their place. Once you're ready to buy, speak to a sales associate of the store about discounts. Let them know that you're planning to buy quite a bit of merchandise, and politely ask if there are any discounts they can give you. A large amount of nails, wood or even kitchen appliances divided among you and your friends can sometimes be much more affordable than buying a small amount.

  Be alert for sales and promotions from the local hardware or furniture stores. Try to buy directly from the manufacturer to save on the additional costs from the middlemen. Another way to save money on your project is to rent tools instead of buying, especially those which will not be useful after the renovation.

Borrow Money

• Home improvement credit cards offer special perks for homeowners who are remodeling their houses. Discounts from hardware stores and factories can be availed.

  Another avenue for financing home improvement is a home equity loan. A huge home improvement project will need more funds than a simple repainting job, so the large amount from a home equity loan can help ease the financial burden a home improvement project brings.

  Saving money for a home improvement project in the future is still the best way to unload a household from the financial burden of home remodeling. This ensures that no interest and extra charges will be incurred from getting a loan. A home improvement project need not be a one-time activity. It can be done in intervals and in limited areas. For example, remodel the kitchen one month, and save up until funds become available for the living room.