Press release
Majority of Homeowners Plan to Use HELOCs to Fund Bathroom Remodels
The survey, which gathered responses from 343 participants, asked: "How do you plan to pay for a new bathroom?" The results show that 57% of respondents plan to use a Home Equity Line of Credit (HELOC) to fund their project - by far the most popular choice.
Full poll results:
HELOC: 57% (195 votes)
Personal Savings: 26% (89 votes)
Home Equity Loan: 10% (33 votes)
Credit Card: 5% (17 votes)
Personal Loan: 3% (9 votes)
"These results show that homeowners see bathroom renovations as a long-term investment," said Jason Keeley, owner of BathCalculator.com. "Using a HELOC or home equity loan suggests that people are not only confident in their home's value but also in the stability of the housing market overall."
The poll also indicates that while nearly a third of respondents prefer to pay out-of-pocket, relatively few rely on short-term financing options like credit cards or personal loans - a trend that may reflect higher interest rates and increased financial caution among consumers.
BathCalculator.com regularly surveys homeowners to better understand trends in renovation spending, financing choices, and project priorities. The site also offers free cost calculators and guides to help users plan realistic bathroom budgets before beginning a remodel.
For more insights and tools to plan your next renovation, visit www.BathCalculator.com
2862 Southern Hills Drive
North Garden, VA 22959
jason@bathcalculator.com
720-425-5981
BathCalculator.com is an online resource dedicated to helping homeowners plan and budget their bathroom renovation projects with confidence. The site offers free interactive calculators, cost guides, and expert articles covering everything from design ideas to financing options. By combining real-world data with practical insights, BathCalculator.com empowers users to make informed decisions and achieve beautiful, affordable bathroom upgrades.
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