When you are considering a remodel or renovation of your home then you must weigh the options. What will it cost ? How will you pay for it? How much will the remodel improve the property? What is the property value before you begin the remodel? What will the property value be after the renovation/remodel is completed? These are good questions to ask and know, in most situations

you don’t want to use your equity to remodel and then find the property is not worth any more than before, doing this you have just realized your equity position is gone. Before the project begins you must consider where the money is coming from, most people don’t have money just laying around so a new mortgage or another mortgage as a 2nd mortgage may be considered.