Basement Waterproofing Financing

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Simple Financing for Basement Waterproofing
With basement waterproofing costing an average of $15,000 for 1,200 square feet, most homeowners need financing to afford this repair. So what is causing your wet basement? Perhaps your drainage system in your basement is outdated and insufficient. If you have noticed water droplets leaking through cracks in the walls and floor and a musty smell, you may need basement waterproofing.
Quick. Simple. Secure.
How To Apply For Basement Waterproofing Financing
1 Pre-qualify
Fill out easy online form to check for pre-qualified offers with no impact to your credit score
2 Select offer
Compare terms and payment options to select offer that’s best for you
3 Finish application
Complete application process on your selected lender’s website
4 Receive funding
After loan approval, your funds should arrive within 1-2 business days2
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Learn More About Basement Waterproofing Financing
If you need basement waterproofing you’ll probably need to determine two factors, how to finance the repair and who to hire. If you notice a moisture problem in your basement, want to tackle it right away, but you also do not want to deplete your savings, you should use financing. A little later on we will fill you in on the best way to finance basement waterproofing. So, is there basement waterproofing near me? If you are looking for a trusted professional to complete repairs, you should use local resources such as Angie’s List or ask friends and family for referrals.
Keep reading to learn more about basement waterproofing and financing.
Read more - FAQ
What is basement waterproofing financing?
In the simplest description, either you or a hired professional will clean the basement and get rid of any existing water, plug any holes discovered in the floors and walls, fill any cracks, use a sealant to seal all openings, and then apply a waterproof coating to the floors and walls.
Again, this may be an oversimplification, and if you are unsure of any step of the waterproofing process, it is best to use your financing to hire a professional out of the gate. You may save yourself thousands of dollars by avoiding any costly mistakes.
When you are ready to hire a professional or secure all the necessary tools and materials for a DIY basement waterproofing project, Acorn Finance can help you secure the funds you need from one of their numerous lending options.
The process is easy:
Simply fill out the application and check loan offers without impacting your credit score.
Browse multiple offers and choose the terms that are best suited for your situation.
Loans up to $100,000, terms up to 12-years, and APRs as low as 4.99% are available.
Connect directly to the lender to process all the necessary paperwork.
Receive the funds as soon as 1-2 business days.
Can you finance a basement waterproofing project?
How do you waterproof a basement on a budget?
Here are some examples:
Gutter maintenance and downspout extenders: The purpose of a gutter is to funnel water away from your house. If you have clogged or cracked gutters, you are leaving yourself open to the possibility of having water flood into your basement. Inspect your gutter regularly and make any repairs right away. Sometimes even the location of your downspouts and where they release water is creating flooding. Install downspout extensions to keep the water far away from your house.
Floor drains: Installing a floor drain standpipe in your basement will send any water into the pipe and not out into your basement.
Foundation Crack Maintenance: Address any cracks in the foundation as soon as they are discovered. Groundwater can easily seep through those cracks. Also, consider hiring a professional to fill the cracks because they will most likely offer a lifetime warranty on any repair work that they perform.
Purchase a dehumidifier: It is common for a basement to have high humidity and moisture levels. Purchasing a dehumidifier for your basement and having it drain from a pipe to a floor drain will prevent your basement from developing mold and other issues from high humidity.
These are just a few examples of how you can do small incremental work on your basement to provide waterproofing.
What is the best basement waterproofing method?
Sealant and epoxy injections: One of the cheaper routes is to apply masonry waterproofing products to the basement walls to prevent moisture from seeping through.
Interior drainage: Interior waterproofing projects are less disruptive than exterior excavation. Installing a french drain and sump pump is a great way to remove water from your basement.
Exterior waterproofing: Coating exterior walls with polymers and membranes with an underground trench drain is another great approach. Though excavation is not cheap and can be disruptive, outdoor drainage and waterproofing are the most effective at preventing basement flooding.
What is the best waterproof flooring for a basement?
How long does Basement Waterproofing last?
How much does it cost to waterproof a 1000 square foot basement?
Is waterproofing a basement worth it?
Why look into basement waterproof financing?
How does basement waterproofing financing work?
You should contact a company that specializes in basement waterproofing since they should know exactly what needs to be done and how to waterproof a basement expertly.
If you need financing to cover the cost of repairs the first thing you should do is get some estimates from reputable companies. Prices can vary and you could save some money by getting a few quotes. The estimates you receive should be pretty close to the actual cost of the project. The next step is to check your credit score. This will give you an idea of whether you will qualify for a loan and what kind of loan you can qualify for.
For smaller loan amounts, a personal loan might be a great option, especially if it’s unsecured. At Acorn Finance you can check personal loan offers and get prequalified in seconds with no impact on your credit score. If you accept an offer, you can finalize the loan with the lender and receive funds in as little as 1 business day, although funding times may vary.
The interest rates on a personal loan can be reasonable and the payments are usually fixed. Having a set monthly payment and term can make a personal loan easier to manage than some other options. In some cases, homeowners prefer a secured loan. If you plan to have a series of ongoing home improvement projects including basement waterproofing, you may want to consider a HELOC. This works a lot like a credit card. You will have a maximum limit and you pay interest only on the amount you use. Payments are often set as a small percentage of the outstanding balance.
For large amounts, you might need to consider refinancing your home. You can do a cash-out refinance where you are given a lump sum or use a home equity loan. Compared to a personal loan, these options can take much longer to set up. However, these options may provide a cheaper way to access the funds you need.
Can you get emergency basement waterproofing financing?
Is waterproofing a basement expensive?
The answer is…it depends. There are many things you can do to waterproof your basement and many things you may have to do. Your contractor might waterproof the exterior, waterproof basement flooring, fill cracks, replace pipes, fix window wells, and put piping under the basement floor, as well as other things.
Costs to waterproof your basement typically run between $2,254-$7,104 with the average being $4,579. Some work may cost as little as $600 while other types of work will easily exceed $10,000. It’s possible that you may need multiple upgrades. Your contractor can tell you what needs to be done and what to expect in terms of cost.
How long does it take to waterproof a basement?
What type of loan is best for waterproofing a basement?
What are alternatives to basement waterproofing loans?
What are the benefits of financing your basement waterproofing project?
One benefit of financing is that you can access the funds you need to get the job done right away. Delaying basement waterproofing may risk further damage to your home. Another benefit is making an easy monthly payment.
Payments for financing can be spread out over a number of years to work with your budget. In addition, the interest rate is usually fixed along with the term, so you will know what your monthly payment is. No surprises.
If you find yourself with cash to spare, you should try to pay the personal loan off early. As long as there are no prepayment fees and it’s a simple interest loan, paying a little extra each month could save you a lot of money.
Discover the best basement waterproofing financing. . . check offers online today!
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