Paying for your project.
We are a builder, not a lender. Here is how most of our clients pay, how our payment schedule works, and a simple estimator to sanity-check a monthly number before you talk to your bank.
Four common routes
-
Home equity line of credit
Borrow against the equity in your home, usually at a lower rate than unsecured loans. Draw what you need as milestone payments come due.
Best for: Larger remodels and additions
-
Renovation or home improvement loan
A fixed-rate loan from a bank or credit union, with or without your home as collateral. Predictable monthly payment.
Best for: Kitchens, baths, and basements
-
Cash-out refinance
Replace your mortgage with a larger one and use the difference for the project. Worth comparing only if rates make sense for you.
Best for: Whole-home remodels
-
Savings, paid by milestone
Pay from savings as work is finished. You never pay far ahead of the work on site.
Best for: Any project size
We don't earn a referral fee from any lender. If you want an introduction to a local bank or credit union our clients have used, ask during the site visit.
Estimated monthly payment
$0
- Amount financed
- $0
- Paid from savings
- $0
- Total interest over the term
- $0
Simple amortized-loan math for illustration. It is not an offer of credit, and Hatchwork Build Co. does not arrange loans. Rates, fees, and approval come from your lender.
You never pay far ahead of the work
A typical schedule for a project over $25,000. Smaller jobs use a deposit and a final payment. The last payment waits until your punch list is closed.
| Milestone | Share |
|---|---|
| Contract signingHolds your start date and orders long-lead items | 10% |
| Rough framing or demolition completeAfter the first inspection passes, when one is required | 25% |
| Rough-ins inspected, drywall upElectrical, plumbing, and HVAC signed off | 25% |
| Cabinets, tile, or major finishes installedThe house is starting to look done | 25% |
| Substantial completionFixtures in, final inspection passed | 10% |
| Punch list closedDue only after every item on your list is fixed | 5% |
Tell us your real budget
It feels like a negotiating risk. It isn't. A real number lets us design to it: which finishes, which walls move, which parts wait for phase two. Without it, we design blind and you pay for redesign.
If the budget and the wish list don't match, we tell you at the site visit, before you spend anything on design.
Get a number to take to your lender.
The free site visit ends with a written ballpark range. It is the number most banks ask for when you apply for a home equity line or renovation loan.
Rather talk? Call (414) 555-0142, weekdays 7:30 to 4:30.