Ready to Tackle that Home Renovation project? 

Ready to Tackle that Home Renovation project? 

Have you been dreaming of a home improvement, but not sure where to start? And what about that dreaded question: How will I pay for this? 

The Heart of the Home

According to the 2021 cost vs. value report1 that compared 22 remodeling projects, the national average cost for a minor kitchen remodel was $26,214. And if you plan to sell your house anytime soon, you can expect to recoup about 72.2% of that cost, making it the 3rd highest return on investment project on the list. But regardless if you plan to sell in a year or you’re updating your forever home, consider these additional benefits of a kitchen remodel when thinking about which project to start next.

Healthier Lifestyle

Did you know that a newly remodeled kitchen leads to a family that is more closely tied together, supportive, generally leading a healthier lifestyle?2 It’s true!

The benefits of remodeling can be both seen and felt. For example, replacing old, worn-out, inefficient appliances with brand new, energy efficient ones will have an aesthetic effect and cost-effectiveness, especially when you choose an appliance with the Energy Star label. These new, energy efficient appliances can also lead to a more sustainable environment for future generations. You’ll also reap the benefits of fresher, colder, healthier food and snacks stored inside a shiny new appliance you can be proud of. You may even choose to spoil yourself and your family by having access to filtered water and crushed ice without even opening the door!

Apart from the aesthetic and energy benefits of an updated and newly installed refrigerator, oven, and dishwasher, according to a survey3 conducted by Houzz Inc., a kitchen remodel also leads to more family time. For example, families generally spend more time prepping food and enjoying healthy meals and snacks together in the new space. This means less take-out!

In addition to these positives, families also tend to socialize more. Overall, according to this survey, about a third of homeowners reported leading a healthier lifestyle after a kitchen renovation.

Send out those invites! 

Once your remodel is finished, get those invites ready! Your friends and family will happily gather ‘round the new kitchen island to catch up, reminisce, play a game, or maybe even make plans for a group vacation. According to Harvard Health, Social connections influence our long-term health in ways every bit as powerful as adequate sleep, a good diet, and not smoking. 

More great reasons to start that remodel asap. 

Whether it’s an updated kitchen, bathroom, or workshop, we can help you get that new space you’ve been dreaming of creating.

At LendingPoint we believe everyone deserves to feel the power of possibilities. Are you ready to see what you qualify for? Start HERE with a short and simple application to instantly see loan offers with no impact to credit.

1 https://www.remodeling.hw.net/cost-vs-value/2021/

2 https://www.houzz.com/magazine/2017-u-s-houzz-kitchen-trends-study-stsrsivw-vs~92044853

3 https://www.houzz.com/magazine/2017-u-s-houzz-kitchen-trends-study-stsrsivw-vs~92044853

About Us
Customer Loan Support
Connect With Us

USA PATRIOT Act Notice: Important Information About Procedures for Opening a New Account

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person who opens an account. What this means for you: When you open an account, we will ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver's license or other identifying documents.

* Applications submitted on this website may be funded by one of several lenders, including: FinWise Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; and LendingPoint, a licensed lender in certain states. Loan approval is not guaranteed. Actual loan offers and loan amounts, terms, and annual percentage rates ("APR") may vary based upon LendingPoint's proprietary scoring and underwriting system's review of your credit, financial condition, other factors, and supporting documents or information you provide. Origination or other fees up to 10% may apply depending upon your state of residence. Upon final underwriting approval to fund a loan, said funds are often sent via ACH the next non-holiday business day. Loans are offered from $1,000 to $36,500, at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 72 months. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $2,000. For a well-qualified customer, a requested loan of $10,000 serviced by LendingPoint over a period of 48 months that has an APR of 26.59% with an origination fee of 10% may have a payment of $340.52 per month. (Actual terms and rate depend on credit history, income, and other factors.) The total amount due under the loan terms provided is $16,345.12 and the disbursal amount is $10,000. In the example provided, the total financed amount is increased to receive the full requested loan amount after the origination fee is deducted. The total amount due is the total amount of the loan you will have paid after you have made all payments as scheduled.

* Applications submitted may be funded by one of several lenders including First Electronics Bank, a Utah-chartered bank, Member FDIC; Coastal Community Bank, Member FDIC; and LendingPoint, a licensed lender in certain states. Loan approval is not guaranteed. Minimum loan amounts apply in Georgia, $3,500; Colorado, $3,001; and Hawaii, $1,500. Upon final underwriting approval to fund a loan, said funds are often available the next non-holiday business day. Actual loan offers and loan amounts, terms and annual percentage rates (“APR”) may vary. Loans are offered from $500 to $10,000 (loan amount maximum based on MCC codes), at rates ranging from 7.99% to 35.99% APR, with terms from 24 to 48 months. For example, for a well-qualified customer, a $5,000 purchase will have a 90-day promotional period with no interest, a 3% fee, and $100 monthly payments. After the promotional period, a remaining balance will be a 24-month term loan, and $263.72 monthly payments with an overall APR of 26.54%.

**Minimum initial transaction of $1,000 in Alabama, Idaho and Iowa.

1. Alimony, child support, or separate maintenance income need not to be revealed if you do not wish to have it considered as a basis for repaying this obligation.

2. The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status, age (provided the applicant has the capacity to enter into a binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. The federal agency that administers compliance with this law concerning FinWise Bank is the FDIC Consumer Response Center, 1100 Walnut Street, Box #11, Kansas City, MO 64106. The federal agency that administers compliance with this law concerning Coastal Community Bank is the Federal Reserve Consumer Help Center, P.O. Box 1200, Minneapolis, MN 55480. The federal agency that administers compliance with this law for LendingPoint is the Federal Trade Commission, Equal Credit Opportunity, Washington, DC 20580.

Click here to see our current list of state licenses

California residents click here ››

Wisconsin residents click here ››

Ohio residents click here ››

LendingPoint's NMLS #1424139 Visit NMLS Consumer Access