* Collaborative post
If you are looking to renovate your home – the costs for it can rack up. There are lots of things that you may not have considered straight away that you end up having to foot the bill for. This can lead to a very expensive project. If you are looking to make your home over, I’ve put together some ideas as to how you can fund this.
Sell Your Old Stuff
If you are planning on getting all new things, why not sell your old stuff that you no longer need? There are great mediums out there such as eBay and Facebook marketplace where you can post photos of items that you are looking to get rid of and name your asking price. You can even set requirements such as “collection only” to avoid delivery costs and to save the hassle. This should raise you some cash towards your new style.
Get an Overdraft
If you haven’t already got one – an overdraft from your current account could release enough funds to contribute to a home renovation heavily. This is usually interest-free for a certain period of time – and then you will accrue interest (this will be specific to your bank). The amount that you can overdraw can be negotiated with your bank. They’ll usually assess your income, outgoings and other factors before awarding you with the overdraft.
A Short-Term Loan
Payday loans can be beneficial if you are looking for a reasonable amount of cash and can pay it off in a short period of time. It’s much less complicated than it used to be to get approved for these – and if you use a reputable broker such as the accliamed Cash Lady, your payday loans application will be put in front of a lot of lenders which gives you a much better success rate. You can make repayments on a monthly basis until all paid off.
An Interest-Free Credit Card
Lots of companies out there will offer you an interest-free credit card where you don’t need to pay the balance for a certain period of time. A tip is, after this time is over – you can then transfer the balance to another credit card. The credit card company will typically check your credit rating before accepting you and issuing you with a card.
Get Items on Finance
Depending on where you shop and what you are looking to buy – you can get certain larger items on finance. This means that you can pay it up over a more extended period of time and agree to manageable monthly installments. Similarly to when applying for a credit card, when you apply for finance – you will get a credit check. Make sure that you are confident with your level of credit as if you get rejected this could affect your score further.
If you are looking to renovate your home but are struggling to raise the funds to make your dream purchase, then hopefully these options will help.
