How to Be Financially Savvy When Taking on Home Improvement Projects

Sponsored by Discover® Personal Loans
Disclosure: I only recommend products I would use myself and all opinions expressed here are my own. This post may contain affiliate links from which, at no additional cost to you, I may earn a small commission.

As many of you know, our family recently packed up our old home and moved into our DREAM home – one we’ve patiently spent 10 months waiting for! We are so excited to get started with our renovations and hope to make this home a place where we can create memories forever.

With large moves and new spaces come big projects – including some that were not included in our mortgage. And large home projects and renos can sometimes become financially overwhelming. If you don’t have savings to cover your projects, having a thorough plan that takes into account what you can comfortably finance, where that financing will come from, and feasibility of repayment is a great defense against that stress. 

There are various financial considerations to take into account when it comes to home upgrades – many of which make taking out a personal loan, like those offered by Discover®, a smart plan of action. 

For most of us, our homes are not only where we raise our families and spend much of our time, but they are also hugely important investments. The key to home value appreciation and great future selling value is simple – keeping it updated and upgraded throughout the years. Though this may seem like a daunting task due to the potential spend associated with each project, don’t let it scare you! And, more importantly, don’t let fear keep you from updating your home regularly. Trust me, you will be glad you did the renovations once it’s on the market. Financing a home renovation is not as overwhelming as it may sound. Discover Personal Loans actually lets you customize your loan to fit your project and your budget, which is so cool. Whether your project is big or small, Discover has personal loans available between $2,500 and $35,000 with no origination fees, fixed interest rates, and flexible repayment terms – all of which are hugely important and so convenient! Discover’s personal loans are a great way to budget your renovations and maximize every dollar in your renovation budget.

So… how does it work exactly?

Once you visit the Discover Personal Loans website, you can apply for a personal loan to finance your next reno in three simple steps! 

Check your rate

Get your personal loan estimated interest rate and monthly payment with no impact to your credit score. To get started, simply enter the amount and length of the loan you want.

Get started in minutes

Discover Personal Loans’ 100% U.S.-based loans specialists are here to help and can walk you through the application process and available repayment terms, so you can select the one that meets your financial goals.

Funds sent fast

With Discover Personal Loans you can get up to $35,000 and the money can be sent as early as the next business day after you accept the terms of your loan. 

People often plan for their down payment and new monthly mortgage when buying a house, but it’s easy to overlook the many additional expenses that come with a new home. I personally had two  big project goals in mind as soon as we moved into our new home, both of which were projects not included in our mortgage, that we chose to take on immediately after closing on our home. 

1. Appliances & Landscaping:

Our builder didn’t include landscaping, or several appliances with our home. 

2. Flooring:

We opted to install our own flooring since our builder’s options were limited. However, this meant we couldn’t roll the cost of flooring into our mortgage either. We also made it a priority to find a skilled, trustworthy contractor at a reasonable cost. This is another important financial consideration you should be mindful of when planning for a home renovation!

As much as I believe in DIY, it may not feel feasible for every project. But that’s why Discover Personal Loans is a fantastic option to make your DIY dreams a reality. 

How do you decide if DIY is right for a certain project? I recommend asking yourself a few simple questions: how long would it take me to complete the project? Do I have the resources for this project? Is my time more valuable elsewhere? 

If you decide that your project is more than just a DIY, it’s time to take a step in the right financial direction and think smart with a personal loan from Discover. If you are considering it, I encourage you to take the leap!

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