Kitchen Remodel: Not as Scary as Your Mother-in-Law
Maybe your mother-in-law is awesome. Maybe she's a nightmare. Either way, she's probably intimidating. Many homeowners feel the same way about a kitchen remodel. But guess what...a home improvement project (and an in-law for that matter) doesn't have to be some unknown, scary deal. with the right preparation, a kitchen remodeling project could actually be exciting. Kind of like meeting your future mother-in-law for the first time. Well...maybe not quite like that.
Preparation is Key
One of the first things to do when planning your kitchen remodel is to find out how much remodeling might cost. You'll need to decide a few things before you dive in so you can position yourself for the best outcome.
- Can you do the work yourself?
- Do you have the cash on hand?
- How much remodeling is needed vs wanted?
If you can do the work yourself - or if you know someone who can help - and you have the cash on hand then you can get started with the design right away. But if you're like a lot of homeowners, you'll need help on both the building and the financing. This doesn't have to kill your dreams.
With the right financing, you can pay for your dream kitchen remodel done by professionals. And it will only add about $6 to your monthly house payment for every $1,000 you finance. So if you're looking at an average $15,000 remodeling budget, you'll add less than $100 a month to your mortgage.
The key to this refinance and remodel idea is the FHA 203k. This home improvement loan allows a homeowner to refinance and pay for home improvements, renovations or repairs. It all depends on the level of work you'd like to have done on your home. You can pay for a new kitchen, a room addition, new windows, new floors, a new roof and more.
Working with a leading FHA 203k lender will help make the process much less scary than your mother-in-law. An expert lender will be able to work with the contractor of your choice, while getting the loan closed in an efficient, acceptable time frame. It's one way to pay for the home improvements you want. It's also a great way to take the "scary" out of your kitchen remodel nightmare. As for the scary mother-in-law...that's on you, sorry.
Learn more about what it takes to pay for a kitchen remodel with our free eBook "The Compelte Guide to Spring Home Improvement Financing." The guide covers work that may need financing, plus 10 projects you can do in a weekend to spruce up your home. Get your guide at the button below.