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Summer Home Projects: What's Worth Financing?

Summer Home Projects: What's Worth Financing?

Summer is one of the busiest seasons for home improvement projects. Warmer weather makes it easier to tackle outdoor work, renovations, and repairs, and many homeowners use the season to invest in updates they've been putting off.

If you're planning a larger project, it's worth taking time to consider not only what you'd like to improve, but also which improvements are likely to add lasting value to your home. Some renovations can make your home more enjoyable today while also increasing its value down the road. Others may be worth doing for your own comfort, even if they don't provide much return on investment.

If you're exploring home improvement financing, understanding your options can help you make a decision that fits both your home and your budget.

Home Improvements That Actually Pay Off

Not every home improvement has the same impact. While no project guarantees you'll recover every dollar you spend, certain upgrades consistently add more value than others.

Kitchen Updates

The kitchen is often considered the heart of the home, and even modest improvements can make a noticeable difference.

Replacing outdated countertops, updating cabinet hardware, installing new lighting, or upgrading appliances can refresh the space without requiring a complete remodel. Larger renovations may also increase your home's appeal if you plan to sell in the future.

Bathroom Improvements

Bathrooms are another area where thoughtful updates can have a lasting impact.

Replacing worn flooring, updating fixtures, improving lighting, or installing a new vanity can make the space feel more functional and inviting. If your home has an older bathroom, these improvements can enhance both daily living and resale value.

Energy-Efficient Upgrades

Many homeowners choose projects that improve comfort while reducing ongoing utility costs.

Examples include:

  • Installing energy-efficient windows

  • Replacing an aging HVAC system

  • Adding insulation

  • Upgrading exterior doors

These improvements may help lower energy bills while making your home more comfortable throughout the year.

Outdoor Living Spaces

Arkansas homeowners often spend plenty of time outdoors during the warmer months. Adding a deck, patio, or outdoor gathering space can increase the enjoyment of your home while making it more appealing to future buyers.

Well-designed landscaping and improvements to curb appeal can also leave a positive first impression.

Necessary Repairs

Not every project is exciting, but some are important.

Replacing an aging roof, repairing foundation issues, or updating outdated electrical or plumbing systems helps protect your investment and may prevent more costly repairs later.

Sometimes the projects that add the most value are the ones that keep your home safe and well maintained.

Projects That Look Great But Won't Add Much Value

Some home improvements are worth doing simply because they'll make your home more enjoyable. However, it's important to understand that they may not significantly increase your home's market value.

Examples include:

  • Highly customized built-in features

  • Luxury upgrades that exceed neighborhood home values

  • Specialty rooms, such as dedicated home theaters

  • High-end decorative finishes chosen for personal style

That doesn't mean you shouldn't move forward with these projects. If they'll improve the way you live in your home, they may still be worthwhile.

The key is understanding whether you're investing primarily for resale value, personal enjoyment, or a combination of both.

Home Equity Loans vs. HELOCs: Which One Is Right for You?

If you've built equity in your home, you may be able to use it to help finance larger improvement projects.

Two common options are a home equity loan and a Home Equity Line of Credit (HELOC). While both allow you to borrow against your home's equity, they work differently.

Home Equity Loan

A home equity loan for home improvements provides a lump sum of money with fixed payments over a set repayment period.

This option often works well if:

  • You know the total cost of your project.

  • You're completing one major renovation.

  • You prefer predictable monthly payments.

HELOC

A HELOC works more like a revolving line of credit.

Rather than receiving one lump sum, you borrow only what you need during the draw period, up to your approved credit limit.

A HELOC may be a good fit if:

  • Your project will happen in phases.

  • You're unsure of the final cost.

  • You want flexibility to borrow as expenses arise.

If you're deciding between the two, a First Western lender can explain how each option works and help you determine which may better fit your plans.

Why Financing With a Community Bank Makes a Difference

Every home improvement project is different, and so is every homeowner's financial situation.

First Western Bank believes financing should begin with a conversation, not just a general online application.

Our lenders take time to understand your goals, explain your financing options, and answer your questions so you can make an informed decision. Whether you're updating one room or planning a larger renovation, we're here to help you choose a financing solution that fits your needs.

As a community bank serving Arkansas since 1910, we're committed to providing personal service and local decision-making. That means you'll work with people who understand the communities we serve and are invested in helping our customers succeed.

Ready to Get Started?

Summer can be a great time to tackle projects that make your home more comfortable, functional, and valuable. Before you begin, it's worth taking time to consider both the improvements you want to make and the financing option that best supports your goals.

Whether you're planning a kitchen remodel, replacing a roof, or creating a new outdoor living space, First Western Bank offers home improvement financing options to help you move forward with confidence.

If you'd like to learn more about home equity loans, HELOCs, or other lending solutions, visit your nearest First Western Bank location to speak with one of our lenders. We'll help you compare your options and find a financing solution that's right for your project.