One of the most important and at the same time, very uncomfortable part of a conversation that we have with Clients is what a project is going to cost. It is good to get it out in the open. Most people do not know what it costs and how involved it is to do a project.
Here are the monthly payment ranges for these projects:
· Kitchen projects can range from $413 to $1,440 per month
· Bathroom projects can range from $240 to $488 per month
· Addition and Whole House Renovations can range from $735 to $3,563 per month
· Sunroom projects can range from $527 to $897 per month
· Accessory Dwelling Units (ADU) can range from $638 to $1,238 per month
· Basement Projects can range from $338 to $1,388 per month
· Window and Door (average 12 units) projects can range from $135 to $488 per month
· Siding projects can range from $263 to $713 per month
These payments are based on current rates, fully financing the project, HELCO loan with interest only for 10 years and then principal and interest for the final 20 years. This opens up the opportunity to payoff the loan in full in 10 years or to refinance when rates are lower. Most people, on average, do this within 7 years.
The final cost of a loan depends on many factors such as your credit score, equity in your home and your income.
Call us to schedule an appointment to budget your project and to get more information as to what your monthly payment would be. We have availability in our schedule this year! Email us at Inquire@CalyxBuilds.com or call 401-334-9110 to setup a complementary consultation.
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