Interior & Exterior House Painting Financing

Want to give your home a makeover? A new paint job — whether interior, exterior, or both — can be the perfect home improvement. Painting your house is one of the easiest ways to improve your property’s curb appeal with dramatic results. Plus, it gets you a good return on investment (ROI). Exterior, as well as interior painting, does come at a price though. If you haven’t saved enough cash for it, you can always consider painting financing. 

Having a house painter add a new coat of paint will work wonders for your property. Whether you need your whole house painted from the outside or just want to freshen up your living room or the bedrooms, the right paint can turn any part of your home into an extraordinary space. 

A fresh coat of paint actually does more than just add aesthetic value to your house; it helps to keep your home safe from weather damage, insects, and dust. Exterior paints especially work as an added layer of protection from the elements. A quality paint from a good painting company can prevent your exterior wood from rotting. 

Interior paint on your room walls can help seal out the moisture, effectively reducing the added weight that otherwise puts stress on your home’s structural integrity.

There’s no doubt that interior, as well as exterior house painting, is a smart investment for your home. 

Thinking about interior paint? Find the best cost with our estimator tool.

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Types of paints

There are basically two types of paints: water-based paints and oil-based paints. While latex and acrylic paints are water-based, alkyd paints are oil-based. Since both interior paints and exterior paints are available in these types, you can choose the best paint option according to your requirements. 

Having said that, oil-based paints are better at resisting dirt, so are a better choice for exterior paints. However, water-based latex paints tend to be durable. It’s best to consult an experienced painting professional who can advise you on outdoor-friendly paints.

Make sure you choose a quality paint that can handle humidity and temperature changes. Keep in mind that outdoor paints contain additives such as mildewcide that give them longevity in resisting the elements. They are resistant to cracking, dirt, mildew, fading, and the damage caused by ultraviolet (UV) rays.

Both interior paints, as well as exterior paints, come in different finishes such as gloss and matte. Both have similar solvents and pigments, though exterior paints may contain more pigments and flexible resins as they need to be able to endure all kinds of weather conditions, including salty sea breezes and harsh sun rays. So, the paint continues to look good even when the surface underneath expands and contracts due to extreme temperature changes.

Interior paints are specially formulated in a way that they can be scrubbed and cleaned easily — resisting deep staining.

Read more: Electrostatic painting in homes

How much does it cost to get the exterior of your house painted?

A complete exterior painting project for a 2,400 square feet two-story home can cost you an average of $2,500. Most homeowners pay around $1,800 to $3,200 for painting the exterior of their house. The average cost runs to approximately $60 to $160 per 100 square feet.

Here’s a table to better understand the cost of house painting:

Keep in mind that apart from depending on the total square footage to be covered, the total painting cost also depends on the type of paint, its quality, the condition of the existing siding, labor cost, and your location.   

Planning exterior home painting? Use Kukun’s free exterior painting cost estimator. 

Should you paint your house yourself?

When it comes to painting the interior or exterior of your home, it’s best to leave the work to the experts. Your paint job will look more professional and efficiently done — giving your home the much-needed lift. 

Don’t make your house painting a DIY project unless you have the required skills, time, tools, and stamina. Preparing and painting a house can be a tedious, difficult job.

Want to hire a professional, dependable, and experienced team of painting contractors? Try Kukun’s Find a Pro tool for the best contractors out there!

How much does it cost to paint the interior of your house?

The average cost to paint your house interiors is approximately between $1.50 and $3.50 per square foot. Most homeowners spend about $3 and $4 per square foot if they’re doing the ceilings, walls, and trim as well. And, in case there’s damage to the walls, and they need major repairing before the paintwork, that would cost you extra. 

The average cost to paint the interior of a 2000 square foot home is about $2120. Since the standard size of a 3 bedroom house is around 1,300 square feet, the total painting cost will be approximately $3,900.

When it comes to interior paints, you can choose different finishes. From gloss, satin to eggshell — each sheen will have a major impact on your walls. It’s a good idea to use gloss or satin finish for high-traffic areas. They can be cleaned more easily. 

The best way to find your interior painting cost calculator, try our estimator tool!

Can you finance exterior house painting or interior house painting?

Yes, you can. A thorough paint job can cost you thousands of dollars. You may not be able to afford such an extensive home improvement project. Especially, if you do not have a lump sum amount saved. 

In such a case, house painting financing can give you access to funds easily and instantly. You can choose the most convenient monthly payment options to pay for your paintwork over a certain loan term. 

Fortunately, interior, as well as exterior painting financing loans, are available for all credit types — even for financing with bad credit or no credit history. 

Generally, homeowners use an unsecured personal loan for interior/exterior house painting financing. Once you get your loan approval, the funds can reach you as soon as 24 hours.

The loan application process is easier if you have an excellent credit score. Most loan lenders would gladly approve your loan if you have a FICO^® score of 740 or higher. That too with a low down payment requirement and low-interest rate.

What are the best ways to finance house painting?

Painting financing through an unsecured personal loan

Financing your home improvement is the easiest and fastest with a personal loan. It allows you to get funding up to $100,000. You can pay back the loan amount within a fixed loan term. The repayment terms vary from 24 to 132 months — depending upon the terms and conditions.

You can use this money for just about anything — including repair work and painting financing. 

Such a loan usually has no requirement for collateral or home equity for its approval. In that sense, this financial option is safer for the borrower. Having said that, when you’re looking for painting financing, always compare the various loan offers available and try to get the best deal. 

Read more: A Complete Guide on How Does Credit Score Affect Home Loans

Painting financing through a credit card

Using a credit card to secure funds is a good idea only if you can be sure of repaying the loan amount quickly. Keep in mind that credit cards are infamous for having high-interest rates. If you do not repay the amount on time, the interest starts accruing. You may end up paying a lot more than you imagined. 

Moreover, spending a big amount of money (nearing your credit card’s available limit) may end up bringing down your credit score. The opposite is also true though; timely payments may improve your credit score.

House painting financing: How to apply

Want to apply for a house painting loan? Kukun will make home improvement loans easier and manageable — regardless of whether you have good credit or bad credit. 

Find out the best financing options that are available in your area by answering just a couple of questions. You can apply for a loan easily, in a matter of minutes, without letting the inquiry affect your credit score. So, get a lump sum and pay for your painting expenditure without a hassle.  

No charge, no obligation! 

Read more: 6 most effective steps on how to estimate a paint job

Written by Ramona Sinha. January 15, 2021

Ramona is a content writer for Kukun. This experienced blogger uses simple and succinct words to decipher the complex phenomenon called life. An avid traveler, she’s a digital nomad at heart and an animal lover from the depths of her soul.