Blog / Paying for Home Remodel - Home Renovation Financing Options for Ventura and LA Counties
Paying for Home Remodel - Home Renovation Financing Options for Ventura and LA Counties
Brought to you by Darlene Kimbell, Owner of State Restoration
Undertaking a home improvement project in Ventura or Los Angeles County requires financial planning, especially given our unique challenges such as recent wildfires, permitting regulations, and rising labor and material construction costs.
State Restoration is a licensed and insured general contractor serving LA and Ventura counties since 1998 and offers full-service renovation services. We take complex projects and turn your vision into reality and make it seamless, handling every detail from start to finish.
Understanding Home Improvement Costs in 2025
Renovation expenses in Southern California vary depending on project size and complexity. If you’d like to understand the costs, schedule a design consultation and we will help you select materials and give you a specific cost for your remodel goals.
To give a general sense, full-home renovations in the Los Angeles area can range between $120 and $500 per square foot.
These estimates can help set realistic expectations and priorities for the remodel.
Trends in Material and Labor Costs
Understanding current trends in construction costs can help homeowners make informed decisions:
- Material Costs: Nationally, material prices rose 0.6% over the past 12 months. Some materials have seen steeper increases—aluminum conduit is up 12.5%, and concrete blocks have increased 7.2%.
- Labor Costs: Labor expenses have grown 3.8% nationally, driven by a skilled labor shortage and high regional demand.
- California Construction Index: The state’s Construction Cost Index (CCCI) rose 2.3% year over year.
- Long-Term Trends: Home-repair costs in California have jumped by 40% over the last five years, reflecting inflation in materials and wages.
These rising costs reinforce the importance of working with experienced local professionals like State Restoration. We understand how to optimize project planning, material curation, and execution to get the costs as low as possible for you while maintaining the highest quality in craftsmanship.
Tariffs
Recent tariffs on imported materials are also driving up home remodeling costs.
- Lumber: Tariffs on Canadian lumber have led to price increases, adding on average around $7,500 to $10,000 to the costs of building a single-family home.
- Steel and Aluminum: Tariffs on metals have raised prices for products like beams and roofing materials.
- Appliances: Tariffs on imported appliances have resulted in higher costs for refrigerators and washing machines.
Kitchen & Bathroom Remodel Costs in Ventura and Los Angeles
Two of the most common and value-boosting projects for California homeowners are kitchen renovations and bathroom remodels. Here’s what you should expect when budgeting for these upgrades in Ventura County and Los Angeles:
Kitchen Remodel Cost – Ventura & LA
A kitchen remodel can vary considerably based on materials, square footage, and changes to layout, plumbing, electrical, and other considerations.
Main costs include custom cabinetry, stone countertops, upgraded appliances, and island additions.
Bathroom Remodel Cost – Los Angeles & Ventura
Bathroom renovations are typically more affordable than kitchens but still vary depending on design choices and upgrades. Adding a walk-in shower, dual vanity, or soaking tub can raise the budget.
Financing Options for Your Renovation
California homeowners have a variety of financing solutions to consider:
1. Home Equity Loan
- Best For: One-time, large renovation projects
- Loan Type: Secured (fixed)
- Interest Rate: Fixed
- Repayment Terms: 5–30 years
- Key Considerations: Predictable monthly payments; requires significant home equity.
2. HELOC (Home Equity Line of Credit)
- Best For: Ongoing or phased projects
- Loan Type: Secured (revolving)
- Interest Rate: Variable
- Repayment Terms: 10-year draw period, 20-year repayment period
- Key Considerations: Flexible borrowing as needed; rates may change over time.
3. Cash-Out Refinance
- Best For: Large projects and homeowners looking to refinance
- Loan Type: Secured (mortgage)
- Interest Rate: Fixed or Variable
- Repayment Terms: 15–30 years
- Key Considerations: Replaces your existing mortgage; includes closing costs.
4. Personal Loan
- Best For: Smaller projects or homeowners without much equity
- Loan Type: Unsecured
- Interest Rate: Typically higher (fixed)
- Repayment Terms: 1–7 years
- Key Considerations: Fast approval process; no home equity required.
5. FHA 203(k) Loan
- Best For: Renovations after disaster or updating older homes
- Loan Type: Government-backed mortgage
- Interest Rate: Fixed
- Repayment Terms: 15–30 years
Key Considerations: Combines mortgage and renovation financing; must meet FHA requirements.
Why Homeowners Trust State Restoration
With over 25 years of experience in Ventura and Los Angeles counties, State Restoration is known for its:
- Hands-on service by founders Douglas and Darlene Kimbell
- Experience navigating any insurance claims, permits
- Full-service solutions including engineering, design, material curation, and construction
- We handle all parts of the remodel project from start to finish
Support for homeowners rebuilding after fire or water damage
Navigating Recent Wildfires
Wildfires have damaged or destroyed thousands of homes in Southern California. In Ventura and LA counties alone, more than 12,000 structures have been lost in recent fire seasons.
State Restoration handles these complex projects—working closely with homeowners, insurance adjusters, and city inspectors every step of the way.
Before You Begin Your Project
- Define Your Budget – Decide how much you’re willing and able to spend.
- Explore Financing Options – Choose the financing structure that fits your goals.
- Consult with Experts – Let licensed contractors like State Restoration guide you from estimate to execution.
- Think Long-Term – While upgrading and modernizing your home, protect its long-term home value.
Discuss Your Home Remodel
State Restoration is ready to help you navigate every step of your renovation. |
Contact us today to discuss your project.