Although it doesn’t particularly feel like spring is on its way at the moment, daffodils have started making their appearance giving us a glimpse that it’s getting closer. The warmer months are the perfect time to enjoy your home, so preparing for it now could save you some time.
Renovating or updating your home can be a significant investment depending on the type of work that needs completing. So take a look at these options to revamp your home, whatever your budget.
Check out payment plans for more substantial items
If you’re looking to buy larger items such as furniture and appliances, then it could be a great idea to take out a payment plan to spread the cost. Some retailers offer low, or even 0%, interest rates on specific products and this can help you save money over the duration of the payment plan. Larger items are sometimes out of reach if you don’t have the savings immediately. So this is a helpful way to replace older furniture or treat yourself in manageable instalments. If you are interested in saving more money on big-ticket items, then check out this article on today.com.
Take out a loan for repair work
Storms have battered the UK over the past few weeks, so it’s the perfect time to check your property and make any necessary repairs. It might be a broken fence panel or more extensive work to your exterior that needs tending to, so thinking about budget and timescale is essential. You could get a short term loan from Cash Lady to help with the immediate repairs.
Use a credit card to buy larger ticket items
Credit cards are handy when you need to make immediate purchases, especially if the freezer breaks down. Many credit cards and banks provide offers on purchases and balance transfers, so you don’t have to worry about too much interest as long as you clear the balance quickly. Credit cards also give you some security when buying items online and give you the flexibility to pay back manageable amounts over a period of time.
Use your savings
If you have some money put away for a rainy day, it could be time to use some of it for renovations to your home. Your property is a valuable asset, so staying on top of repair work and general maintenance will ensure it stays in the best condition for many years to come. Having a savings pot for your home improvements also helps to avoid any surprises if something breaks or needs immediate rectification.
If you want to do significant renovations on your home, such as adding an extension or extra bedrooms, etc., remortgaging your property could be a valid option. Of course, there is a lot to think about with this solution, as the extra money will be attached to your property. However, if your renovation is adding value, you will be able to recoup the initial investment.
These are some of the ways to finance your home renovations this year. Check out all the information on each product and see what works best for your situation.