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The Citizens Bank Company website

The Citizens Bank Company


How to wisely do Home Improvements without Wrecking your Budget


When starting a project on your home you want to buy everything possible to make the transformation as amazing as it can possibly be. However, big renovations on your kitchen, living room, exterior, etc. can turn into some serious money coming out of your bank account.

Take a look at how you can make your home renovation dreams a reality while keeping yourself within a budget:

  1. Determine your goals
  • Ask yourself the actual reason you are remodeling. Do you want more counter space in your kitchen? Do you want to create an open floor plan?

  1. Figure out the specifics
  • Your biggest consideration is going to be pinning down what details you want for your renovation.
  • Do you want hardwood floors or carpet? Black or stainless-steel appliances? Having a list of exactly what you want can help you formulate an accurate budget.

  1. Assess your financing options
  • More than likely you are going to need borrow money for your home project.
  • Obtaining a Home Equity Line of Credit (HELOC) allows you to borrow money on an as-needed basis, up to a certain limit, using the equity in your home as collateral.

  1. Set aside money for surprises
  • Setting money aside for the, “what ifs” of remodeling is really important because you don’t know what you’re going to find before you start tearing down walls.
  • Electrical work might not have been done to code, asbestos or mold behind plaster, etc.

  1. Be smart about cutting costs
  • You don’t want to cut your budget on important products or materials for your project, however, there are ways to trim your budget without decreasing the quality of the final renovation.
  • Ways you can do this are choose lower-cost finishing’s, refurbish older items, and tackle small tasks yourself.

The Citizens Bank Company offers Home Equity Line of Credit (HELOC) to help with your home improvements!

  • The equity in your home is an important resource when you need cash.
  • A home equity line is an affordable way to make your home repairs happen.
  • Conveniently access your HELOC with personal checks or a debit card!

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