5 Tips For Financing Your Next Plumbing Project

Beehive Plumbing’s financing options are here to help make your plumbing repairs and remodeling projects much more affordable!

One of the best parts of working with Beehive Plumbing for your plumbing repairs and remodeling projects is that we provide financing to ensure that your next plumbing project coincides with your unique budget.

Home improvement projects have become exponentially more popular in recent years, and this includes repairing and installing all sorts of new appliances and pipes to improve a property’s plumbing system. It’s likely that you’ll be flexible on a lot of different factors for your next plumbing project, except your budget. This is why every major plumbing project needs to take financial planning very seriously.

Below are five crucial tips to keep in mind when it comes to financing your next plumbing project!

Be Sure To Shop Around

The more your plan for your next big plumbing project, the more likely you’ll be able to save on some needed finances. You should always take your time speaking with plumbing contractors and getting estimates for your project, and it’s also important to look into a plumbing company’s work gallery to see what they’ve done in the past.

Asking questions is always a good way to better know if a plumbing team is right for your project, and the Beehive Plumbing specialists are always here to provide you with 100% transparency as we develop an estimate and financing plan that works for you!

Carefully Consider Your Financing Options

There ultimately will be many different financing options available to you when you’re planning your next plumbing project, including options like home equity loans and lines of credit. These financing options will be like a double-edged sword, because you’ll be borrowing money against the overall value of your property.

This is why we’re very proud to have partnered up with FTL Finance to make things much easier on our clients as they’re preparing their investment decisions. You won’t need to worry about any counterintuitive financial plans that put you and your property investment at a disadvantage when you work with us!

Solidify Your Budget

It’s important for homeowners to understand that remodel plumbing and new construction plumbing projects are likely to end up costing more than you originally planned for, so this is why you should know what your “all in” budget is.  

This amount should consider costs like materials, labor, designers and many other contingency costs. It’s generally recommended to keep about 15-20% of your budget just for any unexpected situations, and being comprehensive with your budget amount will support your overall priorities and ensure that you’re not spending too much.

Always Keep In Mind That Your Next Plumbing Project Is An Investment

All plumbing projects will provide a long-term ROI in some way or another, which is why it’s so important to carefully consider costs vs. value when you’re making improvements to your plumbing system.

If you’re planning on selling your home in the near future, then there’s absolutely no doubt about it that you’re going to see a major return on your plumbing project. Our team will help you when it comes to making the types of plumbing investments that make the most sense for you and your unique goals, because ensuring a great ROI on your plumbing project is a main goal of ours as well!

Work With A Reputable Plumbing Company Like The Plumbing Experts At Beehive Plumbing!

Every plumbing project is going to require experienced, skilled specialists to ensure the overall quality of the end results. That’s why it’s such a good thing that you’ve found yourself on the Beehive Plumbing website!

Our team of Master Plumbers has supported countless homes and businesses throughout the Salt Lake City Metro Area and all of Northern Utah, and we’ll always make sure that you’re getting the best financing options for your family’s unique situation.

Contact us online or call us at 801-661-8155 to get in touch with us and let us know what you’re planning for your next plumbing project!  

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