Comments (0) Interiors

home renovations


Home improvements are expensive but they’re also necessary. If you don’t like the way that your house looks and you want to redecorate, that’s not essential. You can hold off for a while until you’ve got the money saved up. But if you need to do any major repairs to the house, they’ll need to be paid for right away. Leaving them is only going to make the situation worse and it’ll cost you more money in the long run because you’ll have to get the problem fixed eventually. If you don’t have the cash there to pay for it, you might end up having to use credit cards to cover the cost. That means opening yourself up to a lot of expensive interest payments which nobody wants. To help you avoid that situation, use these alternative methods to pay for home renovations.

home renovations

Borrow Money Against The House

If borrowing on a credit card to pay for home renovations is a bad move, why is borrowing against the house any different? Firstly, you’ll be using the house as collateral so you’ll get a far better rate on the loan than you would if you were borrowing using credit cards. The renovations that you pay for with the loan will also add value to the house so you’ll get that money back eventually when you come to sell the property. Just remember that you’re putting the house on the line so you should only borrow against the house if you’re absolutely sure that you can pay the money back.

An Emergency Fund

If you’re sensible with your money, you shouldn’t have to make these decisions about borrowing at all because you’ll already have the money there. That’s why an emergency fund is so important. Every month, a chunk of your paycheck should be going into an emergency fund that you can use to pay for unexpected bills like urgent house repairs. Once you’ve started to build up a good amount of money, you can even spend some of the excess on decorating the house if you think it needs a bit of a facelift.


Saving is hard and often, people can’t afford to put that much away. But you can boost your emergency fund by carefully investing a small portion of the money. It’s important that you only use a small amount of your savings and not the whole thing. You also need to find a proper trading platform to use and seek the advice of a professional stock broker before you start making any decisions.

Do It Yourself

You can get around a lot of these money issues and make home renovations a lot cheaper if you just do it yourself instead of hiring somebody in. Having said that, you need to be realistic about what you can and can’t do yourself. Simple cosmetic jobs are simple enough. But if there is a problem with the plumbing or the electrics, it’s best to leave it to the professionals.

Home renovations are always going to cost you a lot of money, but if you follow these simple steps, you’ll be able to pay for them easily.  

We’re very proud to bring you this feature in association with CMC Markets. For more inspiration for your home, please pay a visit to our interiors page.

Leave a Reply

Your email address will not be published.