How to pay for home improvements

Whether you’ve been in your home for decades or just a few months, sometimes it needs a little extra love. But home improvement financing – from massive overhauls to little fixes – isn’t always available in your bank account. Luckily, you have a few different options to pay for home renovations if your cash flow is running low.



a person that is standing in the kitchen: Man installs cabinets


© Viktor Pravdica/Adobe Stock
Man installs cabinets

The best ways to pay for home improvements include:

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  1. Home improvement loans.
  2. Home equity lines of credit (HELOCs).
  3. Home equity loans.
  4. Mortgage refinances.
  5. Credit cards.
  6. Government loans.

Should I finance my home renovation?

How you pay for your home renovation depends on your financial situation and the size of the project. Saving up for a specific project and using those funds is the ideal way to pay for a home upgrade. However, that isn’t always possible. Emergency expenses and larger renovations can make

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Tornado-damaged Home Depot is rebuilt and ready to open a year later

Just shy of a year after a tornado destroyed their Home Depot, employees who escaped being hurt are ready to reopen a rebuilt store that incorporates the home improvement retailer’s latest ideas.

The new Home Depot opens Thursday at its original spot on Forest Lane just east of North Central Expressway. Ten tornadoes on Oct. 20, 2019, caused $2 billion in damage to homes and businesses in Dallas, Richardson and Garland.

Store manager Jonathan Shields said about 50 of his former employees are back, and the store has hired another 150 people and plans to add as many as 50 more.

Three of Shields’ four assistant store managers returned, including Jordan Jasper, who made the fortunate call to send his co-workers home early on Oct. 20 after hearing the weather forecasts and likely saving some lives.

Jasper was honored at a ceremony attended by 500 area Home Depot employees a

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SJC: Newton home contractor who is Level 3 sex offender does not have to list clients’ addresses

“The defendant … is not an employee but an independent contractor, and publishing his clients’ addresses as though his clients were his employers would mischaracterize the relationship,” Gants wrote.

The SJC ruling was sought by Francis X. Harding Jr. a self-employed home contractor whom the Sex Offender Registry Board has classified as a Level 3 sex offender, the most likely to reoffend.

According to the SJC, Harding pleaded guilty in 2015 to charges of indecent assault and battery on a child under 14 and possession of child pornography and was sentenced to five years of probation among other sanctions in Fall River District Court.

He was required to register as a sex offender and in the years since has listed his Newton home — where he has a workshop — as both his work and home address with the board, the SJC said.

The self-employed contractor has also regularly shared

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DIY Home Improvement Retailing Market- Actionable Research on COVID-19 |Technavio

Advent of E-commerce will Drive the Market Growth During the Forecast Period

The DIY home improvement retailing market is expected to register a CAGR of over 4% during 2020-2024, as per the latest research report by Technavio. The report offers a detailed analysis of the impact of COVID-19 pandemic on the market in optimistic, probable, and pessimistic forecast scenarios.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201001005479/en/

Technavio has announced its latest market research report titled Global Do-It-Yourself Home Improvement Retailing Market 2020-2024 (Graphic: Business Wire)

Request for Technavio’s market report estimates including pre- and post-COVID-19 impact on DIY home improvement retailing market. Download a Free Sample Report on the impact of COVID-19 pandemic analysis.

Due to the extensive spread of the virus across the globe, the Consumer Discretionary industry is anticipated to have Negative impact. The DIY home improvement retailing market will showcase Negative impact during

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The Growing Importance Of The Home For Young Consumers

A new report by youth marketing experts YPulse titled “No Place Like Home” provides significant new insights on how the Covid pandemic has changed how Gen Z and Millennials view the homes. The following statement summarizes key findings: “As young people look to their spaces as mental health retreats, at-home items and services that comfort, declutter, or foster a feeling of escape that from the outside world will resonate.”  The opportunities for marketers are clear and will be elaborated on below.

YPulse previously observed that millennials have homebody tendencies, with a majority preferring to go to a  café or watch Netfix at home as opposed to going to a party on a Saturday night. A recent survey confirms that this sentiment was present even prior to the pandemic, with, “…67% of 19-37 year olds telling YPulse in January this year

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Home improvement sees a boom

Many retailers have been caught off-guard by coronavirus restrictions and shifting consumer habits, but DIY stores are enjoying a boom as people spend money on their homes and gardens.

A recent report by consulting group McKinsey found that faced with a prolonged period of financial uncertainty due to the pandemic, consumers “intend to continue shifting their spending largely to essentials … and cutting back on most discretionary categories”.

Data has shown consumers worldwide are cutting back on clothing and shoes, but spending more to improve their homes.

In Britain, the sector has helped consumer spending overall to rebound to a level higher than before the pandemic hit.

“Spending for home improvements continued to rise in August as sales volumes within household goods stores increased by 9.9% when compared with February,“ Britain’s Office for National Statistics said this month.

This shouldn’t come as too much of a surprise, as people are

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Contractors busy with home improvement work | Local News

Business is booming for local home improvement companies and contractors as the pandemic leads prospective customers to spend more time at home and spend less money on vacations. 

Paul Warren, who lives on Burningtree Mountain in Decatur, hired ESS Concrete and Design of Decatur to create a larger patio and make a walkway from his driveway this summer.

“It was a project we wanted to have done, and it probably would have been done in the fall,” Warren said. “But because of the pandemic, it sped things up.”

Zac Lott, owner of ESS, said his business picked up substantially two or three weeks after the coronavirus shutdown was ordered in mid-March. He said his work is up 25% because of the pandemic.

“Money is good right now,” he said. “People were going to work, but some are now home all day and are spending their stimulus checks. … The number

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Home Improvement Financing Firm PowerPay Partners with FinMkt

PowerPay, a provider of home improvement financing, and FinMkt, a SaaS provider of point of sale consumer finance technology, have announced a new partnership. According to FinMkt, the agreement will enable it to expand its product offering to include staged funding, 10 and 15-year terms, and loan amounts up to $100,000.

FinMkt’s platform allows homeowners to complete one application with the ability to receive and review financing offers. By partnering with multiple lenders like PowerPay, FinMkt’s platform allows homeowners to qualify for financing.

Mike Petrakis, PowerPay’s CEO, said that FinMkt’s team and tech are the best in the industry:

“We are very excited to offer PowerPay’s advanced loan products for home improvement financing via the FinFi platform so that we may reach a broader range of borrowers.”

FinMkt states that COVID has accelerated the demand for home renovations and repairs. FinMkt has adapted its technology in response

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Home Depot Appoints Edward Decker As New President And COO – Quick Facts

(RTTNews) – Home improvement retailer Home Depot, Inc. (HD) announced Friday that Edward “Ted” Decker has been named president and chief operating officer, effective October 5, 2020. Decker, a 20-year veteran of the company, has served as executive vice president of merchandising since 2014.

In his new role, Decker will assume additional responsibility for global store operations, global supply chain, and outside sales and service.

Ann-Marie Campbell has been named executive vice president of U.S. stores and international operations. The presidents of The Home Depot Canada and The Home Depot Mexico will now report to her. Campbell, a 35-year veteran of The Home Depot, will now lead more than 2,200 stores and 400,000 associates.

Jeff Kinnaird has been promoted to executive vice president of merchandising, reporting to Decker. Most recently, he was president of The Home Depot Canada.

Michael Rowe has been promoted to president of The Home Depot Canada.

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Home Improvement: Holiday gifts to spark home improvement ideas – Salisbury Post

Metro Creative

People have spent more time at home in 2020 than they likely have in years past. This has provided homeowners with plenty of time to ponder potential upgrades to their homes. After taking inventory of their lifestyles, surroundings and furnishings, people have embarked on construction projects or home interior design renovations in record numbers. Holiday gifts that cater to projects around the house are likely to be highly valued this holiday season. Here are some ideas for home improvement-related gifts.

• Home improvement retailer gift card: Home improvement centers are one-stop shopping for do-it-yourselfers. To help offset the cost of supplies, gift-givers can give a gift card to a neighborhood hardware store.

• Magazine subscription: There are plenty of ideas on the internet, but a subscription to a home remodeling or interior design magazine puts inspiration right in homeowners’ hands. Pages can be marked or cut out and

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