How did you finance your kitchen renovation?
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Anonymous
| Not what people want to hear but I used an unexpected delayed inheritance to pay for ours. Relative died 10 years ago and my brother and I received a significant sum at that time. A year ago, an annuity company contacted me and my sibling saying they had an annuity and and we were the beneficiaries. We had to reopen the estate but we both got $110,000 after lawyer fees and taxes and I used mine to pay for my new kitchen. |
Anonymous
| Cash. We saved for years (we renovated our kitchen + basement + all bathrooms). |
Anonymous
|
Cash.
Or get a credit card with 12 to 18 months delayed interest. Many suppliers have those. Then pay it off before that period is up. |
Anonymous
Try living on one income and saving the smaller income. If you can manage that with a few cut backs, you can save the cost fairly quickly |
Anonymous
| Cash. Only do what you can pay for in cash. |
Anonymous
| Op here. This is very helpful. The contractor is willing to take us to see another project use has completed and we’ll do that before we make a decision. |
Anonymous
| That seems high for a kitchen renovation. |
Anonymous
| We always pay cash. |
Anonymous
We did a combo of this and saving up so we could just pay cash. I don’t like the idea of taking a loan for a project like this. |
Anonymous
| Cash saved over time. |
Anonymous
| Cash |
Anonymous
Definitely. Though if they are getting quality stuff like Italian black marble, high end appliances, etc. it can add up quickly. |
Anonymous
Of course not, but you can liquidate invested assets. Given today's interest rates, I would not do HELOC. In the past, I had done a refi, but again, probably not a wise choice right now. |
Anonymous
+1. Our savings amount each year is high though, so it just meant that we saved less that year. |
Anonymous
That also is our approach. |