Not many people enjoy adhering to a tight budget, particularly if it's their own. However when it comes to a home remodeling project, homeowners must begin to establish a realistic budget and actively manage their financial affairs. Making preparations for a home remodeling project is similar to preparing to purchasing a car. You may know the style you are after, but the options you decide on may increase the price higher than you can afford. However there are many ways to cutting the remodeling budget and end up with stylish results. Paying the cost of remodeling your home with a credit card is more advantageous than paying it by cash or check. According to Denver remodeling contractors, many home owners have already started using credit cards to pay the high cost of remodeling their homes. Credit cards are now being used to pay for small as well as very large remodeling projects. When you use your credit card to pay for home remodeling expenses, you get points from the credit card company as rewards which you can redeemed for things like VIP packages to sporting events and luxury vacations. If you pay your remodeling costs in cash or with check, you get none of these extra rewards. Homeowners are using credit cards for their home remodeling cashing in on whatever benefits they can get on their spending. Greg James says he has put well over $1 million on his American Express (US:AXP) card over the previous four years to pay for his kitchen remodel, landscaping and a unique personal lighting system for his home situated in Denver, CO. James, a 53-year-old owner of a marketing related consulting firm, says he constantly pays off his credit card balances in full so there is nothing owing each month while attractive a vast number of points, which he and his partner have redeemed for vacations. Much earlier on in the month they took a week long vacation to St. Thomas that was funded by his points. “If I’m just going to write a check at the end of the month, why not get those extra points?” Lots of people who make large credit-card purchases often attract elite-level perks. The rewards tend to vary by issuer but often incorporate yacht cruises which offers views of the America’s Cup sailing race, four-night packages to the Sundance Film Festival in Utah, and access to privileged events which involves athletics, celebrity chefs and designers. Or possible, really depends on the card they can earn cash back at an attractive rate - often 1% - 2% of the purchase, which generates a higher return than a bank account. Funding expensive home improvements make it simple to save points quickly. For 2012, it is estimated that homeowners will spend approximately $120.7 billion on home improvements, which is an increase over last year and the highest amount since 2007 based on information provided by the Joint Center for Housing Studies of Harvard University. Based on information from the National Association of Remodeling Industry, most customers will write a check to pay for the work, but credit cards are the next most popular method of payment, about 28% of companies report that credit cards are used to fund services or materials provided. Trends are emerging with respect to home renovations and the use of credit cards. Information shows that the majority of clients that reside in high end homes are funding their home renovations with credit cards, according to Mel Orellana, who is the Vice President of Financial Operations at Prime Home Improvements. Unique, niche specialty firms are also stating there is an increase. "It's gotten even more common over the past year," according to Darren Kammer, president of KL Automation, a company located in Texas that specializes in the design and installation of home-lighting control systems.