However, generally, credit cards usually are not an excellent source of financing due to their excessive rates of interest, Harkson says. The common credit card interest rate was 17.68 p.c in April 2019, based on Creditcards.com. Ballpark figures of how much renovations value are available from HomeAdvisor’s True Cost Guide and the 2019 Remodeling Cost vs. Value Report. According to the True Cost Guide, the typical price to renovate a kitchen ranges from about $12,000 to $34,000. Both reports also provide searchable databases to check costs by Zip code. Interest fee on a house renovation mortgage is far lower than …
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