Financing Your Home Remodel

Three of the most important home improvement projects that can add value to your home include the kitchen, bathroom and basement.  A remodel project can raise the total resale or market value of your home thus making it a wise investment.  Whether you’re looking to sell your home in the near future or you and your family want to enjoy the benefits of a remodel project, Vermillion Construction can help you make decisions that fit your specific needs.

Once you’ve made a decision to make some upgrades to your home, the next question most likely will be “How do I pay for this?”. At Vermillion Construction, we work with our valued customers to help them identify payment/financing options that work best for them and their situation.

Once a project has been accepted by a customer, the total cost of the project will be split into three separate invoices.  Depending on a customer’s situation, the invoices can be paid with:

  • Cash – Cash is king! If you have it, cash is always an option. No interest payments, no paperwork, no hassle.
  • Enhancify  Financing Network. We are a member of this on-line financing network. The Enhancify financing tool allows you to easily customize your monthly loan payment and provides you access to the most affordable rates that meet your needs.  We have a link on our web site at  and we invite you to check it out.
  • Home equity loan – A home equity loan allows you to leverage the existing equity you have in your home for any purpose, including to complete home renovations. For example, if your home is worth $350,000, and you have $150,000 remaining on your mortgage, you have $200,000 of equity. You can use that stake in your home as collateral to borrow more money.
  • Home equity line of credit (HELOC) – A home equity line of credit, or Heloc, is a way to set up a “revolving” line of credit, which lets you pull money from the equity in your home whenever you need it, up to a certain limit. It’s like a credit card, except it’s backed by the value of your home.
  • Credit cards– There are plenty of cards with cash-back rewards, 0 percent introductory APR, and attractive sign-up bonuses, which make them good candidates for home improvement expenses.
  • Personal loan– you can think of a personal loan like a home equity loan—you get a fixed amount for a fixed interest rate and start making monthly payments immediately. This can be a good option if you know exactly how much you need to complete a project, or you at least have some cash to cover any shortfall.

There are other options but these are the most popular. So, for your home improvement project, give us a call. We can help you design your upgrade, provide quality craftsmanship and assist you with identifying payment options.