Rest Confident, Your Money is Safe and Secure at Kirtland Credit Union, a message from our President & CEO. Learn More

We have engaged FORVIS, LLP (Attn: Jeff Rosno, 1801 California Street , Ste. 2900, Denver, CO 80202) to perform member verifications. Kindly compare the balance of your accounts on your December 2022 statement WITH YOUR RECORDS. If balances do not agree, please address your discrepancies directly to FORVIS, LLP. Include your name, truncated account number, and an explanation of the difference noted.  A reply is not considered necessary unless a difference is noted.

Kirtland CU branches and the Member Contact Center will be closed Monday, September 4 in observance of Labor Day.

Stay safe – don’t respond to text messages or mobile alerts from someone you don’t know. >> Learn more

If you may experience financial hardship related to the government shutdown, we’re here to help. Call 1.800.880.5328 or visit one of our branch locations for more information.

Welcome To The Insighter!

Explore the latest happenings at Kirtland CU and learn about important topics from around the financial world. Here’s your insight! To learn about retirements, investments and financial planning, check out Invested now.

How To Create A Remodeling Budget

By Balance Pro Financial


You probably won’t be deciding where in your community the schools or shopping centers will be built. Similarly, you likely can’t exert power over whether or not your neighbors maintain their home or beautify their lot. In short, you can’t always control the external factors that determine your home’s value. But you can control the general attractiveness of your own home.

Home improvement projects can be a tremendous tool for increasing the value of your home. However, given the size and relative complexity of these projects, it is very easy for the cost to quickly spiral out of control. That’s why it’s so important to establish a budget for the project before it begins and to do everything you can to adhere to that plan.

Here are some constructive tips for building the best possible home improvement budget.

Know your own budget first

No home improvement project should ever be embarked upon without first gaining an understanding of how it will impact your month-to-month finances. Ideally, you would identify a particular home improvement job as a goal several months in advance and create a saving account – separate from emergency, college or retirement savings – to earmark money for the project. If you are planning on financing the work either through a credit card, personal loan or home equity line of credit (HELOC), be aware what your monthly payments will be and how that impacts your monthly bottom line.

Let the competition begin!

To figure out if what you have saved or are planning to finance for your project matches what it will actually cost, your best option is to get bids from contractors who specialize in remodeling or in the particular project you are interested in. Even if you are planning on doing the project yourself, it can be extremely educational to see what a professional estimates for materials, labor, permits, cleanup, etc. Demand that the estimate be as detailed as possible. And don’t stop at just one. Not only are potential contractors competing against the possibility of you doing the project yourself, they are also competing against other professionals out there. Use this to your advantage to come up with a number that fits within your budgeted amount.

Unearth savings

If you hire a professional to do your home improvement, that doesn’t necessarily mean you have to leave the sourcing of materials up to them. Consider hiring a contractor who will let you shop for supplies on your own. This will allow you to comparison shop more vigorously than a contractor might have time to. It can also open up the possibility of getting high quality supplies at a deep discount from a nonprofit like a Habitat for Humanity ReStore outlet. If you are going with a big box home improvement store, be sure to ask about upcoming sales. Lastly, if you are using a contractor and can wait a bit, try to do your home improvement project in winter when builders are more desperate for work and will in many cases drop their bids.

As mentioned above, home improvements are one of the few things you can control about the value of your home. So be sure to do just that and TAKE CONTROL of the process rather than letting it become series of money pits. As long as you create a plan ahead of time and do your best to stick with it, you can have a rewarding process and a more desirable property.

Smart Tips

Nine ways to avoid home improvement budget killers

  1. Don’t add “while we’re at it” jobs that weren’t a part of the original budget/plan.
  2. Stay away from cheap materials or corner-cutting measures that will just mean paying more later.
  3. If you are doing the work yourself, learn the entire process before you start instead of using a “learn as you go approach.”Let your contractor know you aren’t interested in the top-end, luxury versions of goods and materials.
  4. Check service ratings websites before hiring your contractor.
  5. If you are doing some pre-home sale upgrades, give yourself plenty of time so you don’t have to pay for rush work or overtime.
  6. Consider refurbishing certain items instead of tearing them out and replacing them.
  7. Exercise your creative abilities and look for ways to use materials found at architectural salvage stores.
  8. To avoid paying to store in a locker any work-blocking household items, have a plan ahead of time for housing in-the-way furniture during the project.
  9. Ask your contractor – you don’t want to miss out on potential savings because you failed to communicate.

Recommended Reading

Home Remodeling – What You Don’t Know and How It Really Works, Familia Publishing, 2012
Working with a contractor on a home improvement job can feel like talking to a doctor about your options for a medical condition. There’s some terminology you’re not 100% sure about, your options can seem unclear and there’s always concern about what it’s going to cost you. In fact, unless you’ve worked in construction in the past, it may be pretty difficult for you to understand the perspective or motives of your contractor at various points in the process.

What makes this e-book so valuable is that it helps you to understand the work process from the contractor’s point of view. Often times, homeowners shoot themselves in the foot with remodeling projects because they can’t differentiate between legitimate requests from the contractor and unnecessary ones. To avoid costly mistakes, you need to arm yourself with information.

In well-organized, easy to understand language, this book will help you manage otherwise gnarly tasks, like:

  • Grasping what the entirety of the project will require
  • Researching ahead of time what permits will be needed
  • Setting up a remodeling plan
  • Hiring the right contractor for your job
  • Arranging payments to the contractor
  • Understanding insurance requirements
  • Protecting yourself legally
  • Writing the contract
  • Making better in-project decisions
  • Not get railroaded
  • Maybe even enjoying the process!

You won’t find too many other books that give you such a thorough breakdown of navigating a financial process in such clear and concise language. With this book you can truly feel like you are on equal footing when talking a contractor.

Don't Be a Victim!

You need to know about credit union impersonation scams so you can avoid becoming a victim of these nefarious tactics.

Money Movement (P2P & A2A) Services are Temporarily Unavailable.