Concrete Financing

Can you finance concrete?

Yes you can finance concrete. If you are planning an extensive interior and/or exterior remodel, you may want to use a secured loan. However, if you just need financing for a concrete patio, driveway, or walkway, or some combination of concrete areas, you may want to use an unsecured home improvement loan. Home improvement loans do not require collateral, thus making them more desirable for simple home improvement projects such as concrete. They can also offer competitive interest rates and favorable terms. If you have good credit, you should determine what your project will cost and then explore financing options. While a home improvement loan is commonly used by homeowners, there may be a better option for your situation. Regardless of the loan type you choose, make sure you do plenty of research and make an educated decision.

Do concrete companies finance?

It is safe to say that most concrete companies do offer financing. Financing through a concrete company may offer some benefits that would seem like an attractive offer, but you should know that financing with a concrete company may not be your best option. They may offer attractive offers like deferred interest or 0% APR for a certain number of months to lure you in, but be wary. These offers may end up costing you a fortune if you need more time than the promotional period offers.

If you take a loan out that is deferred interest, you may benefit from 0% APR, but if you miss one loan payment, you may be in jeopardy of paying all of the incurred interest on the loan in addition to fees. In addition, if you are unable to pay the balance in full within the promotional period, you may encounter extremely high interest rates. If you need more time than the promotional period offers, you should consider using a personal loan. Personal loans or home improvement loans do not require collateral and most come with a fixed term. With a consistent monthly payment and set loan term, home improvement loans should be easy to manage. At Acorn Finance you can check home improvement loan offers up to $100,000, depending on credit score.

Should I finance with concrete companies or get a personal loan?

Entirely the decision is up to you but there are numerous benefits for going the route of a personal loan rather than other methods of financing. If you finance with a concrete company you will likely have to use the money directly to pay them. If you have a personal loan, you can use the money for whatever you'd like. You can pay the concrete company and maybe still have a little leftover for some new landscaping or paint your garage. Ultimately, as a responsible buyer, you will want to compare options. In some cases, financing with a concrete company may make the most financial sense.

How much will my concrete driveway cost?

The average concrete driveway can cost the average homeowner between $1,800 and $6,000. This is based on typical driveways in standard homes across the United States. If you are putting in an abnormally long driveway, looking to add decorative elements and special features like a basketball court or patio, then your price could increase dramatically.

To simply have concrete poured for your driveway, then you are looking at somewhere between $4 to $7 per square foot. This factors in both the material costs and the costs associated with labor. Pouring concrete is labor intensive and it can cost almost as much as the materials.

Other features you will need to consider are whether or not you want to have your concrete stained or stamped.

To have your driveway stained, you will have the concrete installers add an additional layer of colored stain. You can now almost get this stain in any color you prefer. Estimated costs to have this done when the concrete is getting poured increase the overall cost of the project to $6 to $12 per square foot.

Having your driveway stamped is an elegant way to add any kind of texture or pattern to your driveway that you would like. You can make the stamp look like cobblestone or brick, and even add accents of stamps of leaves and other decorative features. Check with the concrete provider to see their full selection of stamp ideas.

Once you decide what you want your concrete pour to look like, then you have other additional features to consider. Features like adding heated coils to melt the ice away in the winter, maybe putting in a brick border around the driveway, or having the concrete rebarred to increase its superior strength. All these come with various increases to the overall cost of your project.

How much will a concrete patio cost?

Adding a concrete patio to your home is a wonderful way to create some additional outdoor living space for you and your family. You can simply have one poured off the side or back of your house, or maybe even add it as an addition to a concrete driveway. Either way, many of the prices and additional features are the same for pouring a patio as they are for pouring a driveway

Depending on the size and possibly additional features like stamping or staining, the average concrete patio should cost somewhere between $1,657 and $4,318.

With a concrete patio, you have the additional option to add a covering of some sort as well. A glass or wood covering may add a few thousand dollars to the total cost of your concrete patio project.

Can you finance concrete with bad credit?

To finance concrete with bad credit is not impossible, but it could be difficult to qualify if your credit score is below 550, or even 600. A credit score between 550 and 580 could still allow you to qualify, but you may be better off improving your credit score before applying for a loan. If you don't have time to rebuild your credit score, you should find a willing cosigner with good credit. You can apply for a loan with a cosigner to increase your chance of approval. Additionally, a cosigner may help you get a lower interest rate. Easier said than done. It may be challenging to convince someone with good credit to take equal responsibility on the loan, but worth the effort to at least try.

Remember, for a personal loan with a bad credit rating, you may not qualify for the best interest rates and you may be subject to an origination fee. If you want to see if you qualify for a home improvement loan, you can check offers at Acorn Finance. Most of our lending partners have a FICO cutoff 600 or above.

How much can you borrow to finance concrete?

How much you can borrow typically depends on what you qualify for and what a lender offers. At Acorn Finance, you can check home improvement loan offers up to $100,000. Now, this may be way more than you need for a concrete driveway or walkway but you might want to take out one loan to cover several home improvement projects.

What interest rates can I get to finance concrete?

With a personal loan through a lender working as part of the Acorn financial network, depending on your credit score, you could qualify for interest rates as low as 6.99%.

Remember, the interest rate that you secure is entirely dependent on your credit situation and other factors. If you have an excellent credit rating, you can take advantage of the lowest interest rates and the most favorable terms from the lenders that work with Acorn Finance. Like we discussed before, it is still possible to finance concrete with bad credit but you will just pay more interest over time.

How long can I finance concrete for?

Lenders working in the Acorn financial network offer personal loans with repayment periods of up to 12-years. Lenders can work with you to help you choose the best repayment period with the monthly payment that works for your budget. If you want to pay less money in interest, go ahead and choose a loan repayment period far lesser than the 12-year maximum. The term available may depend on the loan amount and borrower qualification.

Why is concrete so expensive?

Concrete work can be expensive for several reasons, however, due to a sharp rise in demand in recent years with its increase in popularity in the residential sector, prices have increased. Concrete is expensive to transport, and the further the concrete plant is from the project, raises transportation costs which then increases the overall costs of any project using concrete.

Also, the pouring of concrete takes a lot of labor. It is hard work, and the labor involved can cost more than the materials involved.

What are the benefits of concrete?

Using concrete in any construction project is extremely beneficial in many ways. Whether you are using it for a driveway or a patio, you can enjoy the longevity of your concrete creation for years and even decades to come. Builders love using concrete for several reasons including:

It is highly durable: Concrete can last longer than any other building material because time is considered to strengthen concrete rather than erode it. Concrete is naturally fire, wind, and water-resistant as well.

It is low maintenance: Once your concrete driveway or patio is poured and set, concrete requires incredibly little maintenance. You can add protective coats or sealants if you want but it will still last decades without them.

Concrete is versatile: Before the concrete hardens you can add any kind of design feature you like.

There are many advantages to using concrete for your next home improvement project, and if you use it for your driveway rather than asphalt, you will save money over time. An asphalt driveway needs to be repaved every 2 to 3 years where a concrete driveway will last 20 to 30 years.

What are the disadvantages of concrete?

There are not too many disadvantages to using concrete as a building material for a new driveway or patio, however, most people are turned away by the higher price point.

Concrete driveways are usually at least 2 to 3 times more expensive than an asphalt driveway. However, concrete driveways can pay for themselves many times over with a reduction in maintenance costs. Remember that an asphalt driveway should be repaved every few years while your concrete driveway should still be looking good just by sweeping a broom or giving in once over with a garden hose.

Will a concrete driveway add value to my home?

Overall, it is safe to say that a concrete driveway should add value to your home. A concrete driveway can enhance curb appeal and appeal to potential homebuyers, especially if they know how easy concrete is to maintain.

Also, depending on where you live, based on weather conditions and what types of driveways are common in your neighborhood, not having one actually could cause the value of your home to decrease.

Will a concrete patio add value to my home?

Adding a concrete patio can add both financial and aesthetic value to your home. Not only does it add value to your home in those ways, it can also add value by providing an outdoor living space for your friends and family to enjoy.
A concrete patio can add financial value by increasing the sale value of your home. By installing the right size and design features to your concrete patio, you can recoup more of your initial investment.

A concrete patio also looks good and the added benefit of little to no maintenance should give you an aesthetically pleasing gathering space for you and your family for years.

Can you get a loan to finance concrete online?

Looking online to find lenders to finance concrete may be one of the smartest ways to shop for loan options. Acorn Finance works with dozens of lenders across the United States who all come to one place to help borrowers like yourself that are in need of financing for their home improvement projects.

Alternatively, if you prefer to use a local bank or credit union, they may offer an online application process. Most banks and credit unions offer some sort of rate sheet online to help borrowers decide if they want to apply or not. If you use an online lender that is outside of the Acorn Finance network, you will want to ensure they are a legitimate lender before you share information with them.

Whether you are looking to create a concrete driveway or a concrete patio, you can check home improvement loan offers online at Acorn Finance. Within seconds you can get prequalified for a home improvement loan without impacting your credit score.

When you find a loan that is right for you, you can work with the lender to begin the loan application process. Once all the final paperwork is complete and you are approved, you can see the funds deposited into your account in as little as one business day, although funding times may vary.

Explore concrete financing offers. . . apply online today!