How to pay for home improvements

Portions of this article were drafted using an in-house natural language generation platform. The article was reviewed, fact-checked and edited by our editorial staff.

Key takeaways

  • Prequalify with multiple lenders to get the best terms when looking into different loan options to finance your next home improvement project.

  • Financing a home project takes planning and homeowners should consider all financing options before committing to one.

  • If possible, the best way to pay for a home improvement project is to save up and pay out-of-pocket to avoid taking on large amounts of debt.

Whether you are preparing to sell

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The best ways to finance large home improvements or repairs

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Using your home equity can be a cost-effective way to finance large home improvements and repairs.

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Many homeowners consider upgrading or renovating their homes at some point in time. These projects can boost your home’s resale value, make your living space more enjoyable and improve your home’s overall functionality.

However, affording these projects can be challenging, as can paying for any large repairs that catch you by surprise. Whether you’re building an addition, replacing a roof or making your home more accessible in your senior years, you want to find the most affordable financing option to do so.

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Tiger Fuel partners with nonprofit on home improvements for family in need

Employees of Charlottesville-based Tiger Fuel are used to distributing oil, propane and gasoline, but on June 29, they were distributing goodwill in the community: rebuilding ramps at an Albemarle County residence for a family with mobility challenges.

The work is part of a collaboration between the business and the Albemarle Housing Improvement Program.

That program is a nonprofit group that aims to preserve existing housing in the region through repairs and accessibility modifications.

Tiger Fuel and the program have been partnering for roughly five years and collaborate on two to five projects a year, said Mike Hulbert, operations manager at

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