4 Ways You Can Use a Personal Loan to Improve Your Home

4 Ways You Can Use a Personal Loan to Improve Your Home

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There are many different ways to fund a home improvement process. While some homeowners can pay in cash, others are able to use the equity in their home to make improvements. Another common way to pay for home improvements is a personal loan. With a personal loan you’re able to give your credit a boost while making upgrade to your house to turn it into your dream home.

Here are 4 different ways you can use a personal loan to improve your home.

1. A New Exterior

The interior of your home should reflect pride of ownership, but so should the exterior of your home. Before anyone ever knows what the inside of your home looks like, they’re greeted with whatever is presented on the outside. If you’ve recently secured a personal loan and want to improve your home, consider renovating the landscaping, gardens, patio, deck, or even the fence.

By taking on a landscaping renovation, you can greatly improve your home’s curbside appeal. Even if you aren’t planning to sell in the near future, it’s nice to know that your home shines within the community.

Depending on your loan amount, you may want to consider smaller projects versus one large project. Landscaping and exterior work can be quite costly, so start with a project that will have the biggest impact. A freshly trimmed lawn and new gardens with fresh flowers and mulch are sure to make a statement.

2. New Windows

Windows are one of those parts of your home that is designed to last for at least a decade. However, if the windows in your home are coming due for replacement, you’ll likely face some sticker shock. Replacing windows can cost thousands of dollars, and unless you have that much cash lying around, you’ll likely want to finance your purchase.

While it’s very expensive to replace windows, new windows pay for themselves over time. Drafty windows that let in outside air make your HVAC system work overtime to heat and cool your home. Old windows can also become quite a detriment to the look of your home.

With a personal loan you can finance the total cost of replacement windows for your entire home. Though this is a costly home upgrade, the money is well worth having a more secure and energy efficient home.

3. Kitchen Makeover

The kitchen is the heart of a home and over the years it can lose the modern and fun feel it once had. While a full kitchen makeover is one of the more expensive upgrades you can make to your home, the cost is well worth the end product. There’s no better feeling than walking into a kitchen with brand new appliances, updated cabinets, and beautiful granite countertops. This project will typically cost thousands of dollars, which for some is a bit too expensive. The good news is that giving your kitchen a makeover can be done in more affordable ways.

For example, you can reface the existing cabinets versus replacing them entirely. Cabinet refacing is much more affordable and provides the same new look as replacement cabinets would. To finish this project, don’t forget new hardware.

Other kitchen upgrades that you can make without running over your personal loan limit include:

  • A fresh coat of paint
  • New flooring
  • Light fixtures
  • A new theme

No matter if you’re able to afford a complete kitchen makeover or if you have to split the renovation into small projects, you can rest assured that any upgrades you complete will have a lasting effect on the space.

4. Bathroom Makeover

The bathroom may not be a place where your spend hours of time a day, but the fact is that it’s a place in your home that gets used constantly. Over the years bathrooms can quickly age and start to look dingy and dirty. If you want to bring a fresh modern look to the bathrooms in your home, a personal loan is a great way to get started.

When upgrading the bathrooms, be sure to address the sink, toilet, and shower/tub. These appliances often start to discolor or rust and should be replaced. You can also resurface some of these items to make them bright shiny white again.

If your budget for bathroom upgrades is on the smaller side, consider adding a fresh coat of paint, a new light fixture, and new décor. These updates may seem small but when combined, they can change the entire look and feel of the bathroom.


While you could use a personal loan for many purposes, put your money to good use by putting it towards improving and renovating your home. Not only are you able to improve how your home looks, you can also increase its value which will pay off in the long run.

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