How to pay for home improvements

Follow the steps below to make sure you get your house in order when paying for home improvements.

Compare tradespeople and set a budget


This will stop the cost of your renovations spiraling out of control by avoiding the ‘extras’ you hadn’t planned for.


List all the things you want done and ask for quotes rather than estimates.

Make sure you get at least three quotes, compare them in detail, and try to find reviews from previous customers.

Decide on the best way to pay for your improvements


Taking the time to work out the full cost of any borrowing is a good way to ensure you can really afford it.


As a rule of thumb, use savings instead of borrowing if you can.

Choose the right type of finance


Choosing the wrong way to pay for home improvements can prove costly, but choose the right type and you could find yourself with an interest-free loan or credit card.


Look into the Green Homes Grant

In July 2020 the government announced a new Green Homes Grant that would enable homeowners and landlords to apply for financial vouchers to help with home improvements

You’ll be able to apply from September 2020.

As part of the grant:

  • two thirds of the cost of home energy efficiency savings will be covered up to £5,000
  • low income households will get up to £10,000 to cover the full cost.
  • you might need to outline what improvements you have planned when applying.

It’s worth noting if you check your Energy Performance Certificate (EPC) it should give you ways to improve your home efficiently and how much difference it should make.

If you don’t know if you have an EPC or can’t find it, you can register on the EPC website and look up your property’s EPC.

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