The shortage on the housing market means that house prices will continue to rise in 2019. This means that the affordability of a owner-occupied home will come under further pressure. With the current mortgage standard (maximum 100% financing), this means investing a lot of your own money. Money that not everyone has available. In the current housing market, buying a house is therefore not feasible for everyone.
Do you already have a house for sale and are you planning to renovate or relocate? Then renovating your house is definitely worth considering.
Especially now that the interest rates for taking out a renovation loan are still so low and favorable. You already take out a personal loan with us from 4.2%.
Financing a renovation is of course best with savings. But if that isn’t enough, there are alternatives. For example, some people opt for a second mortgage. But did you know that a personal renovation loan is often cheaper? You do not pay separate additional costs for advice, appraisal or notary. Very clear. In many cases, the interest is also deductible from a personal loan
Increase in value of house due to renovation
Of course, renovating your home is something you do in the first instance to live more pleasantly yourself. Rarely do you get the money that you put in a renovation fully back when you sell your house. However, a renovation can make the difference between selling or not selling your home.
Which renovations will increase the value of your house and which renovations hardly add anything?
- Extra living space: think for example of a dormer window, an extension or extension, garage or cellar.
- Making your house more energy efficient: think for example of roof insulation, double glazing, heat pump
- or solar panels.
Need renovation loan? We are here to help. Contact us now!