You may find remodeling the kitchen to be expensive, but it greatly increases your property value. When your house is up for sale, your newly renovated kitchen would be the highlight that adds to its sale value. In NYC, kitchen renovation can be possible in several ways, even when you are a little low on cash reserve.
If your home has got adequate equity, then you can apply for home-equity loan. This is a better option as equity loans have lower interest rates, when compared to other loans. These loans are secured by your property itself.
Contact your contractor for kitchen renovation in NYC and enquire about the payment options. Some of the contractors offer flexible payment options. You can negotiate a deal with your contractor about payment. This way you can save the money, which would otherwise be used to pay to a third party money lender.
If you are left with no other choice, then you may go for a personal loan for kitchen renovation in NYC. Interest rates of personal loans are generally higher than other loans as they are unsecured. You may also consider purchasing all the required kitchen appliances and materials on credit and hire a contractor. Your contractors will do the renovation work, when you supply the materials.