Expensive weddings get more elaborate by the year. Although putting on a wedding is exciting, it can also break the bank. In fact – in 2020, the average cost of a wedding was $20,300, and in 2021 $22,500. Of course, it depends on what state you live in and how big you want to go.
The Biggest Problem – Cost of Venues
One of the most significant costs when planning a wedding is the venue. The venue alone, including the location, food, drink, linens, chairs, and tables, runs between $12,000 to $14,000.
Expensive Weddings Mean Outside Venues
- Hotels & Banquet Halls
- Farms, Barns, & Vineyards
- Country Clubs, Parks, & Gardens
The #1 Smart Solution to a Costly Wedding
Instead of having an expensive wedding at an outside venue, consider having it at your home if you have enough room. A wedding in a beautiful backyard is something to remember and cherish.
Plus, when you upgrade your home for any special event, you’re building equity.
A cash-out refinance can help you with these upgrades to get your home ready for the big day. Consider these home improvements:
- A fully equipped outdoor kitchen and covered entertainment area
- How about a luxurious built-in pool – perfect for day or evening weddings
- Beautiful landscaping with arbors covered by blooming flowers
- Lighting for the front and backyard if it’s a nighttime wedding
Quick Tip – if you’re planning any home renovations before the wedding, have them completed months in advance. That will remove scheduling stress.
We’re Here to Help You Get Ready
Putting on an expensive wedding is a challenge. Getting the money you need with a cash-out refinance makes planning easier. Whether you need extra cash for the wedding or have other uses for the money, the team at Homestead Financial Mortgage is here to help.
We can close a refinance in 30 days and a purchase loan in as little as 14 days. Contact us today, and in just a few minutes, you can learn about your options.
YOU MIGHT ALSO BE INTERESTED IN THESE ARTICLES:
Spring Home Renovation Trends & Tips for 2022
What Income Can You Include on a Mortgage Application?