Looking Ahead to Brighter Days

Amid the COVID-19 crisis, significant home renovation projects that require the participation of visiting tradesmen are not a priority for many of us.  But we will emerge from this crisis soon, life will return to a new normal, and postponed needs for renovations will resurface.  

Kitchen remodeling will remain a “best investment” to add value to your home as well as creating a new, enjoyable “heart of the home” for you and your family.  

And, a certain feature of our current economic state – low interest rates – makes 2020 a particularly opportune time to remodel. Interest rates are lower than they have been for decades.  Financing your home improvement has rarely been so affordable. And financing can be used to support just a portion of your project – so that you can expand your scope just a bit to include that special feature that will make your project exactly what you’ve always wanted.

Here are a couple of financing options:

  • An established kitchen design firm typically offers deferred interest financing – meaning, if a small minimum monthly payment is made timely & if the loan is paid off in full by the end of the 12 month or 18 month loan term, then no interest will apply to the loan.  The following are typically not offered by a kitchen design firm.
  • Home Equity Loans and Home Equity Lines of Credit are available at very favorable rates right now.  As of today (April 9), Home Equity Lines of Credit are available in the 3%-4% range, and Home Equity Loans are in the 4% to 5% range – and you may find rates even more favorable. 
  • Refinancing your home at today’s great rates (3%-4% range for a 30-year fixed loan) continues to be a popular method of financing improvements   
  • Traditional personal loans are available at great interest rates too.  And even credit cards can offer 1-2 years of deferred interest loans. 

Each option offers different benefits.  All can provide valuable financial assistance that was not available before, creating great opportunities to purchase your dream kitchen.  A newly renovated kitchen creates a special, warm space for family and friends to gather for years to come, something we all can appreciate.

Note, U S Kitchens & Baths is not a financial advisor and the above is informational only and not detailed.  Please consult with us regarding a specific and complete description of the financing that we offer and consult with a trusted financial advisor or your bank regarding options that are most favorable for you.  

We have been renovating and remodeling kitchens and baths in the following towns in NJ:

Livingston • Florham Park • West Orange • East Hanover • Chatham • Madison • Short Hills • Morristown • Morris Plains • Roseland • Wayne • Montville • Newton • Hoboken • Summit • Caldwell