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Home Improvement, Design, and Decorating
Reply to "How did you pay for your renovations? HELOC? LOC? Cash? HEL?"
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[quote=Anonymous]We were advised to take out a HELOC or renovation loan even though we could pay cash, because there is oversight/approvals needed to ensure that the work is progressing to get paid. Obviously we could do that ourselves but it seems like extra oversight. We'd then pay off most or all of the HELOC when we are done, but we'd also have extra cushion in case costs went well over what we were expecting. I'd be interested in hearing from anyone who considered something similar. [/quote]
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