Home Improvement Repairs: Ways to Create Your Upgrade Budget

Are you planning for home improvement repairs for your property in or near Clinton, IN? If so, you're not alone. Statista estimates that in the first quarter of 2025, Americans will spend over $500 billion on such projects.

While improvements and repairs can help boost home value and maintain your abode's livability, they can be a hefty expense, potentially costing thousands of dollars. For this reason, it pays to know how to stay on top of your home renovation budget.

Join us today at Riverview Home Improvements as we reveal insights into budgeting for home fixes and upgrades.


Identify and Categorize Home Improvement Repairs


First, create a detailed home repair plan listing all problems you're aware of. Then, categorize them based on whether they're essential or cosmetic.

Essential repairs can potentially affect your property's safety and livability. Cosmetic problems are less crucial but can still impact your property's value.

Here are some examples.


Roof Problems: Essential


You'd want to prioritize roof repairs because they can:

  • Protect your home's interior from water damage

  • Minimize risks of mold concerns due to water damage from roof leaks

  • Improve energy efficiency by preventing heat loss

Please remember that mold can cause adverse health effects and lower your home's indoor air quality (IAQ). According to the U.S. EPA, mold exposure can lead to allergic reactions and fever-like symptoms. Moisture control is one of the first steps to combat indoor mold, making fixing roof leaks a critical home repair project.


Gutter Concerns: Essential


Another critical home improvement project is gutter repair, installation, or replacement. Gutters are crucial to your property's safety and livability as they:

  • Prevent water damage: Controlling where rainwater goes, preventing it from pooling around the foundation and causing leaks or rot

  • Protect exterior walls: Diverting water away from walls

  • Minimize basement flooding: Cutting the risk of basement flooding by driving water away from the foundation

  • Maintain landscaping: Preventing erosion around the home by channeling water to designated drainage systems


Siding Repairs or Replacement: Essential


Siding contributes significantly to your Clinton home's overall look and curb appeal. However, it's not just aesthetic; it's a functional external covering that helps:

  • Protect your home from weather elements like rain, wind, snow, and extreme climactic events

  • Minimize moisture intrusion

  • Safeguard your home from pests like carpenter ants and termites

  • Provide additional insulation, helping maintain comfortable indoor temperatures and reduce energy costs


Value-Boosting Cosmetic Updates


If you have a bigger budget, you can add the following home exterior upgrades and updates to your project:

  • Repainting external walls or siding

  • Improving landscaping

  • Replacing or repainting external doors

  • Adding a deck or patio


Factor in Permits


How much a permit costs depends on what the project entails and its extent. As Investopedia.com explains, municipalities often require permits for many home improvements and repairs, such as:

  • Projects involving structural, electrical, and mechanical changes or additions

  • Alterations to load-bearing structures, like walls, decks, patios, and balconies

  • Siding projects

  • Installing new or replacement windows

  • Roof repairs or replacement

If you partner with a reputable licensed contractor, they will let you know if your project requires permits. They'll even pull them on your behalf to ensure your project proceeds without hitches.


Get a Free Quote


Once you have a priority list for repairs and improvements, the next step is to determine their cost. The simplest, best way is to get a free, non-obligatory home improvement project quote from a licensed contractor.

As a leading exterior improvement contractor in Central Indiana and Illinois, Riverview Home Improvements is your premier choice in home improvements and repairs. Our highly skilled team members will listen to all your needs and goals and provide a complimentary project estimate. We have the skills, knowledge, and expertise to deliver top-class results for the following:

  • Roof services

  • Gutter services

  • Siding services

  • Home improvements

  • Home restorations

  • Decking and patio

  • Outdoor living spaces


Prepare Your Budget


Once you have a more accurate estimate of how much your home improvement and repair project will cost, you can start exploring your financing options. Depending on how much you expect to spend, you can use one or more of the following to cover your expenditures.


Personal Savings


Your best option for funding a home improvement project is to use your savings. It allows you to avoid taking on debt and paying loan interest.


Unsecured Home Improvement Loans


Unsecured home improvement loans from banks and credit unions are financing services that don't require collateral, so you don't have to use your home (or another asset) to secure funding. However, you'd still need to prove your ability to repay the loan by having a good to excellent credit score and a stable salary or income. Usually, the better your credit score, the lower the interest rate lenders charge.


Home Equity Financing Programs


If you have enough equity in your home, you may be able to qualify for a home equity line of credit (HELOC) or a home equity loan. Both are types of secured loans, meaning your home will serve as collateral and have a lien placed on it. As such, you can borrow more with these programs, but ensure you can repay what you'll owe to avoid foreclosure.


Contractor Financing and Payment Options


At Riverview Home Improvements, we aim to make our high-quality services more accessible to our clients. As such, we offer various financing and flexible payment options, allowing you to get your home improvements and repairs started now and pay for them little by little.

We'll happily give you a free consultation so we can discuss a more accurate estimate and your payment options with you.


Ready to Elevate Your Living Space?


Identifying priority home improvement repairs, factoring in permits, and getting a free quote are the first steps to budgeting for your home project. After these, you can decide how to pay, such as using your savings, taking out a loan, or applying for contractor financing.

At Riverview Home Improvements, our fully licensed, insured, and bonded home exterior improvement company, we have a dedicated team of professionals ready to help you plan, budget, and turn your project into a reality. We have a stellar reputation for completing high-quality projects on time and guaranteeing all our services.

Call us today for your free quote and learn how we can help elevate your home's livability!

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