Financing DIY Home Improvements


Everyone knows how expensive it can be to do home improvements. That is why many turn to do-it-yourself (DIY) projects. It has to cost less when you are doing all the work yourself, right? Well, yes and no. Of course, when you are doing the manual labor, a home improvement project will cost less than hiring a professional, but you do still need to pay for materials and factor in the cost of your personal time. That means you will still need to find a way to finance DIY home improvement projects. From credit cards to same day loans, cash to home equity loans, here are a few ways to pay for your home improvements!

Home Equity Loans

If you have been living in your home for a while and have about 20% in home equity, your bank may let you borrow money against your home. This means the bank will lend you the money for your DIY home improvement project, considering a portion of your home as collateral.

Home equity loans can have a higher interest rate so be sure to consider this when you apply. There may be tax advantages to borrowing off your home equity, so this is also something to consider. However, home equity loans can take a few days to be approved so if you are looking to get financing quickly, this may not be the route for you.

Remember that your home value may decrease, making your debt to the bank even larger than before if you decide to use this method to finance your DIY home improvement. As you can see, there are benefits and downfalls to home equity loans, but they can be helpful when used correctly!

Instant Cash Loans

Instant cash loans are a very straightforward way to pay for any DIY home improvements you have planned. In fact, there are many types of personal loans you can choose from, giving you lots of options in financing. If you are eager to begin your project, instant cash loans would be perfect for you. A fast cash loan could get money into your account in a matter of minutes, even if you have a lower credit score.

Don’t be deterred if you have a bad credit score, many banks and lenders will work with you to get you the loan you need and you do not need to offer collateral (such as your home when applying for a home equity loan), makes them quite appealing when you are looking to finance a DIY home improvement project.

Credit Cards

If you already have a credit card, you may decide to finance your DIY home improvements by charging anything you may need for the project to pay off later. Use a credit card that has a good cash back program or low interest rate, especially if you will be purchasing a lot of supplies.

If you do not yet have a credit card, look for one that has a zero percent interest rate for the first few months. This way, you can pay for your DIY home improvements and not worry about also paying any interest on top of the initial cost.


Of course, paying cash is a straight forward, simple way of financing a DIY home improvement project. Since you aren’t using a contractor or any professionals to complete the job, you can do the project on your own timeline. This means you can start and stop when you have time and money. You can also delay the project to save up some cash, take time to shop for deals and not let the overall cost of the project go over budget. When you pay for your home improvements in cash, the process will be very simple: if you have cash, continue with the project, if you don’t have cash, the project stops. Financing doesn’t get much easier than that!

DIY home improvements can be fun and will save you money in the long run. Be sure to plan your financing well and take the time to consider all of your options. Whether you opt for a same day loan, a home equity loan or just pay cash, remember to enjoy the DIY home improvement as you work- that is part of the excitement!

About Author

LaDonna Dennis

LaDonna Dennis is the founder and creator of Mom Blog Society. She wears many hats. She is a Homemaker*Blogger*Crafter*Reader*Pinner*Friend*Animal Lover* Former writer of Frost Illustrated and, Cancer...SURVIVOR! LaDonna is happily married to the love of her life, the mother of 3 grown children and "Grams" to 3 grandchildren. She adores animals and has four furbabies: Makia ( a German Shepherd, whose mission in life is to be her attached to her hip) and Hachie, (an OCD Alaskan Malamute, and Akia (An Alaskan Malamute) who is just sweet as can be. And Sassy, a four-month-old German Shepherd who has quickly stolen her heart and become the most precious fur baby of all times. Aside from the humans in her life, LaDonna's fur babies are her world.

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