How to Finance Your Exterior Home Remodel in the Kansas City Metro Area

No matter how much you love your Kansas City home, there’s probably something about it you’d like to change. Maybe you recently replaced your roof, and the color of your home’s siding is less than a perfect match. Perhaps your neighbors just completed a home makeover, and now your house looks a little drab in comparison. Or maybe you’d just like to end your workday by pulling into the driveway of a home that’s sporting a whole new look that makes you feel revitalized, too.

These are all great reasons to invest in an exterior home makeover. But, even better, investing in exterior home remodeling can also help you reap rewards at resale, according to real estate professionals.

So now comes the big question: How do you pay for the renovations you want? Fortunately, there are several options for financing your exterior home remodel in the Kansas City metro area.

Home Equity Loan

If you have substantial equity in your home, you may be able to tap into it to finance your exterior home remodel. There are two traditional ways to do this: Apply for a new mortgage that includes a cash-out option to pay for home improvements, or get a second mortgage using your residential property as collateral. A third option is a home equity line of credit, which is a second mortgage that will allow you to draw funds as needed up to the approved loan amount.

Each of these financing options has its pros and cons. The biggest appeal is usually the ability to borrow at a lower interest rate than you’d get with other types of loans. But in all three cases, your home is the collateral used to secure the loan. This means failure to make the required payments could mean you’d lose your home.

Credit Cards

It may be difficult to finance a large exterior home remodeling project using a single credit card, but credit card financing can be the perfect way to pay for a new front door, garage door, or set of patio doors. For bigger projects, you can spread your home improvement expenses across multiple cards, take advantage of limited-time 0% interest credit cards, and combine credit card financing with cash payments from your savings to reduce the project costs that must be financed.

Home Improvement Loans

For many homeowners, an unsecured personal loan is the best way to finance a sizable exterior home remodel. For homeowners with good or excellent credit scores, unsecured home improvement loans usually carry fixed interest rates that are lower than credit cards, though higher than home equity borrowing options. The borrower has a defined repayment period—typically between two and seven years—and a minimum monthly payment that can be incorporated into the household budget.

Partner With an Established Home Remodeling Company

Johnson County Siding & Window Co. is an exterior home remodeling contractor that’s been helping Kansas City residents upgrade their homes with new siding, windows, and doors for more than 40 years. We’re committed to delivering top-caliber products and workmanship, but we also take pride in lowering the stress for homeowners who want to beautify and protect their homes through exterior remodeling. One of the ways we do that is by offering attractive financing options to our customers who qualify.

If you’re planning an exterior home remodel in the Kansas City metro area—whether that’s in Kansas or Missouri—we’d be delighted to discuss your project. The first step is to reach out to the friendly staff at Johnson County Siding & Window Co. and request a free, in-home consultation. During this no-pressure consultation, one of our representatives can tell you about our products, services, and financing options that can put your dream home within reach. Contact us today to get started.