Tips for Financing Your Fence Project

Installing a new fence is no easy feat for the homeowner or business owner. Even if you are looking for a simple barrier fence, this can cost several thousand dollars between materials and labor cost. If you are covering a large piece of land (such as a commercial property) or are looking to invest in the future with vinyl or metal fencing, the price tag goes up significantly. For this reason, we recommend property owners look into different financing options to make their fence more affordable. 

If you are unsure of how to finance your fence installation, consider these options when working with FloriFence: 

Credit Card Payment

If you have a high substantial limit on your credit card and confidence you can pay it off easily, credit card payments are a common way to finance your fence. However, you want to be careful that you don’t overextend your budget and end up paying more in interest than your fence will be worth long-term. This option is often best for introductory cards that offer 0% APR within a certain time frame. You can earn points and finance easily with this option, but only if you know you can pay it off soon. 

Personal Loan

An unsecured personal loan for home improvements can also be used to finance your fence, but this option is mch pricier. Unsecured personal loans typically carry higher interest rates because the lender is making you an offer based on credit history alone. However, this gives you the option to space out your payments and potentially improve your credit score long-term. 

Home Equity Loan

You may be able to borrow against your home’s value for renovations if you have substantial equity in your home. Typically, you can only borrow up to 85% of your home equity, but this is often enough to help you pay for the fencing you really want. Plus, the interest on these loans is tax-deductible, an advantage you won’t get with other financing options. 

Start Saving Now

If you can’t afford the fence you want now, you may want to put off installation until next year when you can have some money saved. By putting a little away each paycheck, you can afford the fence you truly want instead of the fence you can afford now. Unless you have security or safety needs that need to be met soon, we recommend trying to save as much as possible before your installation. 

FloriFence wants you to get the fence you want now and in the future. Contact us to learn about the best financing options in Tampa for fence installations. 

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