Financing Your Remodel: Options for Maryland Homeowners
Remodeling your home is exciting—but figuring out how to pay for it can feel overwhelming. Whether you're planning a major home addition, a kitchen upgrade, or a bathroom overhaul, it’s important to understand your financing options.
At Prestige Home Remodeling, we help homeowners throughout Baltimore, Harford, Howard, Carroll, and Anne Arundel Counties find smart, flexible ways to finance their projects. Here’s a look at the most common financing routes and how we support you every step of the way.
1. Home Equity Loans and HELOCs
If you've built equity in your home, you can tap into that value to fund your remodel. Two common options include:
Home Equity Loan – A fixed loan amount with a predictable monthly payment.
HELOC (Home Equity Line of Credit) – A revolving credit line you can draw from as needed.
Best for: Larger renovations like home additions or basement finishing projects.
Why Maryland homeowners like it: Competitive rates and interest may be tax-deductible.
2. Personal Home Improvement Loans
Personal loans don’t require home equity, and they’re often unsecured—meaning no collateral is needed.
Best for: Mid-sized kitchen or bathroom remodels.
Pros: Quick approval and fixed monthly payments.
Cons: Interest rates may be higher than equity-based loans, however we offer 0 down options at reasonable rates.
3. Same-As-Cash and Low-Interest Financing Options
Through our financing partners, Prestige Home Remodeling offers special promotional financing such as:
0% interest for 12–18 months
Low monthly payment plans
No prepayment penalties
Best for: Homeowners who want to spread costs out without dipping into savings.
Bonus: Fast application process and instant credit decisions.
At Prestige Home Remodeling, we’ve partnered with Enhancify to offer our clients flexible financing for their home remodeling projects. Click the button below and enter your details to receive financing offers from our trusted partners. Whether you are starting a bathroom remodel or a kitchen remodel project, our financing options are a great way to spread your payments out over time so you can get your project started earlier than you thought possible.
Why Financing Through Prestige Makes a Difference
We believe remodeling should be accessible. That’s why we:
Offer financing options through trusted partners
Provide materials at cost, reducing your total project price
Handle design to build, so you work with one team, one budget, one timeline
You get quality, transparency, and flexibility—without overextending your finances.
4. Cash-Out Refinancing
This option replaces your existing mortgage with a larger one—and gives you the difference in cash to fund your remodel.
Best for: Homeowners planning significant renovations who want to refinance anyway.
Note: Works best in a low-rate market, but may still be viable if you have strong equity.
5. Budgeting Tips to Stay on Track
No matter how you choose to finance your remodel, good budgeting helps keep your project on solid ground. Here are a few best practices we recommend to Maryland clients:
Build in a 10–15% cushion for unexpected costs.
Prioritize must-haves vs. nice-to-haves.
Consider phasing large remodels if needed.
At Prestige, we help you build a clear and realistic budget upfront, so there are no surprises down the line.
Ready to Explore Your Remodeling Options?
We’re here to help Maryland homeowners create beautiful, functional spaces—without the financial stress.
Contact us today to schedule your free consultation and learn more about financing your next remodel with Prestige Home Remodeling.
