If you’re looking to do some home improvement projects this spring and summer and you don’t want to use cash, a personal loan might be the right tool for you. Rates are still historically low right now. This makes personal loans an attractive tool for spreading out the cost of upgrading your home. Here are five projects you could do with a personal loan smaller than $10,000.

Update Your Flooring

Updating the flooring in your whole house can change the look and feel of your home. It can cost the following amounts to update your floors depending on material used:


Wood floors are one of the most expensive types of flooring. Installing hardwood averages between $6 and $12 per square foot, including the installation.

The type of wood (solid versus composite), grade and cut of the wood, and the size of the job account for most variations in cost.


Carpet materials can range from $1 to $20 per square foot, while labor typically costs between 50 cents and $1 per square foot. The average homeowner spends between $760 and $2,520 to install or replace carpet.


Tile typically costs between $5 and $10 per square foot plus an additional $4 to $14 for installation.

The quality of materials and size of the job account for most variations in cost.

Refresh Your Bathroom

The average bathroom remodel costs between $6,000 and $15,000. An update of the essentials in a medium sized bathroom could cost less than $7,000. Prices vary but keep in mind that if you do it yourself, you could save 50% off the total project price.

Have Your House Painted

For most homes you can have your house painted professionally for much less than $10,000. The question of what it might cost you depend on several factors.

Here are some of the average costs depending on the square footage of paintable area:
1,000 square feet $500-$3,500
1,500 square feet $750-$5,250