The early stages of planning a home remodeling project is the best time to think about how you’re going to address the costs associated with such an undertaking. This article from Yahoo will help get you started:

People who dream of renovating a home – or redoing just the kitchen or bathroom – might wonder how other homeowners finance a home remodel that can cost tens or hundreds of thousands of dollars.

Paying for a home remodel sometimes involves a new loan, but more often, homeowners have cash on hand from other sources, says Steve Klitsch, owner of Creative Concepts Remodeling. Klitsch says the majority of his customers last year used cash from personal savings to pay for remodeling projects, though two families received substantial gifts from their parents and two others refinanced their mortgage and cashed out some of their equity to finance a home remodel…

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