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Home Improvement, Design, and Decorating
Reply to "If you did a renovation in the 250-300k range, how did you pay? "
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[quote=Anonymous]Our numbers were similar to yours. My biggest fear was an unexpected cost soaking up the cash we had set aside for the project. So, I maxxed out our property for a home equity loan but had about 50% of the loan value in pre-exisitng cash. After the project was done, I used all left-over cash to pay down the loan (less than half due to some cost overruns/additional expenses). The loan was 4 months old when I paid it down, so the additional interest was not significant.[/quote]
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