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However, unless the remodeling project is designed to fix a structural issue or design flaw, it’s unlikely that a homeowner will earn back greater than the cost of building. A home equity line of credit could be a good selection if you’re doing a collection of smaller home improvement projects that you just don’t need to pay for all at once. It’s also a second mortgage, so your home will function collateral. It may have a variable rate of interest, so you’ll need to plan for fluctuations in month-to-month payments. A home fairness mortgage might be best for you if you want to borrow a lump sum however won’t profit from refinancing.

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