Many people have been spending more time at home since the start of the pandemic. And that’s inspired a lot of people to update their homes.
If you’re thinking of renovating this year, you’re in good company. Home remodeling is expected to take off in 2022, according to the Joint Center for Housing Studies of Harvard University. In fact, annual owner improvement and repair spending could reach $430 billion by the second half of the year.
If renovating your home is high on your list of priorities, there may be one thing holding you back — money. Raiding your savings to pay for home improvements isn’t a good idea if doing so will leave you with limited cash reserves for emergencies. That’s why it pays to look into these affordable financing options for remodeling.