Are there mandatory home repairs that you must make, which will cost you thousands, but don’t have enough equity to qualify for a loan? If so, you’ll need to find other ways to finance those necessary repairs. The good news is that there are several options available to you if you use a little bit of creativity.

Today, we’re going to teach you 5 Unique Ways To Finance Home Repairs

Are you ready?

Let’s do this…

1)) Use Your Savings

Okay, this might not be all that unique, but if you have a significant amount in your savings account, even if it’s earmarked for something else, then you should consider paying for your home repairs with that cash.

Now, if the money that’s in your savings account is needed to pay for something more important, then of course you should place your repairs on hold.

Loans and the use of credit cards can lead to mounting expenses with interest.

Using cash when you’re able can help you save more money in both the short and long term.

2)) Use Credit

Relying on credit cards to make home repairs should only be used as a last resort.

If you insist on using credit cards to finance those repairs, we recommend using the following methods…

  • Use a 0% interest rate card
  • Pay off your charges within the same month as the charged
  • Take advantage of 12-month same as cash offers and then pay the balance off within a year so that you don’t have to pay any interest
  • Use a credit card that offers cashback bonuses

The key to using credit cards to fund your home repairs without getting into trouble is to pay the balance off at the end of the month unless you’re using the 12-month same as cash offers.

It’s no secret that you must manage your emotions and spending when using credit cards, otherwise, your balances could get out of hand.

The misuse of credit cards has ruined millions of people’s credit and lives.

3)) Sell Your Stuff

Having a garage sale to earn cash to pay for these large expenses can help. You don’t have to set up a sale in your yard; you can use sites like eBay, Craigslist, Facebook, and many others to sell your items to earn the cash to pay for your necessary home repairs. Remember the old saying, “One Man’s Trash Is Another Man’s Treasure.”

TIP: The money that you make from selling your miscellaneous items should be deposited into your savings account. As a matter of fact, you may want to consider opening a savings account specifically for your home repairs.

4)) Do-It-Yourself

Going the DIY Route involves you doing the repairs yourself. You’ll save a ton of money on the labor cost that you’d normally pay to various contractors.

You’re doing the manual labor yourself and paying for the materials to perform the repairs.

No matter what needs repairing in your home, there are numerous ways to learn the How-To watching online videos, reading repair manuals, attending in-store workshops at big home improvement stores, etc.

You can educate yourself to handle almost any type of repair ranging from leaky faucets to replacing door knobs.

We recommend hiring contractors to handle plumbing and electrical problems, depending on how complex the issue is. Making a mistake on any of those systems can cause water damage, electrical fires, shock, and even worst in some cases.

When it comes to DIY, be certain to put safety first, and don’t hesitate to ask a professional to handle the work for you if you believe the work is above your skill level, because it’s worth every cent to have a repair completed correctly.

5)) Ask Family and Friends For Help

This might not be an option in every situation, but if you have family or friends that can help you financially, then it doesn’t hurt to ask when you’re in a bind and don’t want to get a high-interest rate loan.

And if you’re lucky enough to have family and friends who are professional electricians, plumbers, roofers, etc., then maybe they can help you out with some of that do-it-yourself work.

Don’t take advantage of them. You don’t want to lose a good friend or make family gatherings awkward because you didn’t repay a loan. Put the terms of the loan in writing and then stick to it.

Only ask for help from family and friends that you keep in contact with, otherwise, they’ll think that the only time you call them is when you want something.


The pride of home ownership is a great feeling, knowing that you’ve worked hard to achieve a milestone that many others aren’t fortunate to reach.

The downside of owning a home is all of the repairs that spring up, which can make it feel like a money pit.

Since home repairs are inevitable, your best course of action is to determine what method of financing is best suited for the issue and is the most cost-effective.

The last thing that you want to do is get yourself into debt that you can’t pay back in a timely manner, which can lead to bad credit and a bad reputation.

Using the 5 Unique Ways To Finance Home Repairs is a great starting point to help you finance those costly repairs.

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