Financing Guide
How to Finance a Las Vegas Home Remodel
A practical guide to renovation loans, HELOCs and payment structures for Las Vegas, Henderson and Summerlin homeowners planning a kitchen, bath, addition or whole-home project with Build4U.
The four financing paths most clients use
1. HELOC (Home Equity Line of Credit)
The most common path for projects between $50k and $400k. You're approved for a credit line against your equity, then draw what you need as the project progresses. Interest accrues only on the outstanding balance, which pairs naturally with our milestone draw schedule.
2. Cash-out refinance
Refinance your existing mortgage for more than you owe and take the difference in cash. Worth modeling when current rates are at or below your existing mortgage rate, and for larger whole-home or addition budgets ($300k+) where a single fixed payment is preferable to a variable HELOC.
3. Unsecured renovation loans
LightStream, SoFi, Upgrade and Marcus all underwrite renovation-specific unsecured loans, typically up to $100k–$150k for strong credit. Faster to close than a HELOC and no lien against the home, but rates run 3–6 points higher. Good fit for single-room remodels under $100k or projects on homes with limited equity.
4. FHA 203(k) / Fannie Mae HomeStyle
Renovation mortgages that let you borrow against the after-renovation value of the home. Powerful for buyers purchasing a fixer or homeowners planning a whole-home renovation that pushes beyond current equity. Slower close and more paperwork, but the only path when the project value exceeds today's appraised value.
How Build4U structures payments
Every Build4U project runs on a milestone draw schedule that aligns with how HELOCs and renovation loans disburse funds. A typical schedule:
- Contract signing — 10% deposit to lock the schedule and begin procurement
- Demo complete — 20%
- Rough-in (framing, plumbing, electrical, HVAC) — 25%
- Drywall and tile — 20%
- Cabinetry and millwork installed — 15%
- Substantial completion / final walk-through — 10%
You only pay against verified work completed, and each draw maps to a clear inspection milestone — which is exactly how lenders want to see funds disbursed.
Rough budget benchmarks
Knowing the budget range before you talk to a lender saves a round trip. Typical Las Vegas project ranges from our recent work:
- Kitchen remodel — $85k–$250k
- Bathroom remodel — $45k–$150k
- Home addition — $120k–$600k+
- Casita / ADU — $175k–$450k
- Whole-home remodel — $350k–$1.5M+
Next step
We're happy to put together a detailed scope and budget you can take to your lender — most banks will issue a HELOC or renovation loan approval against a signed contractor estimate.
