A window replacement may seem like a small enough project to be handled even without too much financial planning. Sure, you’ll have to set aside a few hundred dollars to get it done, but it shouldn’t set you back far enough to justify taking a loan, right? This is actually one of the most common misconceptions that many homeowners believe when it comes to upgrading their windows.
The truth is that this type of project can be a little financially overwhelming, that is, if you’re not fully prepared. Here are some budgeting tips from our window remodeling professionals at Renewal By Andersen® of Western New York.
Financing programs are a godsend for homeowners who are long overdue for upgrades but don’t have enough funds to cover it right off the bat. These programs can be made through your window company or through the manufacturer, although when it comes to Renewal by Andersen, the distinction between the two is virtually non-existent.
Of course, if you can’t find a financing option that fits your needs, you can always rely on your bank for a loan. Home improvement loans can be from your credit card, a personal loan or a savings account. All in all, this is perhaps the most straightforward way to finance your window replacement project. The only drawback to this option is that approval is highly dependent on your credit rating so it may not be available to some people.
Home Equity Loans
This option is practically a second mortgage. Before you decide to take this route, our experts recommend thinking it through carefully. Are new windows really worth taking out a high-interest loan and risk foreclosure on your home should you default?
At Renewal By Andersen of Western New York, our window replacement experts can help you find a financing option to make your home improvement project go as smoothly as possible. Call us at (585) 481-8006, or fill out our contact form to schedule a no-obligation in-home consultation and get a free estimate today. We serve homeowners in Rochester and Orchard Park, NY.