Renovation is on the rise.

Renovation is on the rise.

The available land for new-build homes is shrinking annually, while many traditional homes are waiting for a thorough renovation.

A renovation loan covers every renovation cost, both inside and outside. You can finance general renovations with it, a new bathroom, or a swimming pool in the garden.

With a renovation loan, the interest rates are often lower than with a personal loan. You must be able to prove the costs incurred. An invoice or quotation is sufficient.

The numbers speak for themselves. Bankate is the cheapest here!

Planning to take a good look at your house or garden? Necessary renovation works obviously cost a lot of money. Often these costs cannot be borne solely with the available savings. A renovation loan can offer a way out.

Renovation works can be of a necessary nature, but can also be an excellent investment. Solar panels, modern insulation or (three) double glazing can drastically reduce your energy bill. This way you can earn back your investment in the long term. Renovation also means added value for your home. This increases the value of your property. That is why the interest rates on renovation loans are also quite low. Your lender is certain of an increase in value, which will allow the borrower to reimburse his costs.

With a renovation loan you get the money directly in your account. The reimbursement is clearly arranged. Fixed agreements and predetermined deadlines leave no room for uncertainty!

Home renovations  

Home renovations  

When renovating most people think of extra bedrooms, a wellness bathroom or a swimming pool in the garden. However, some renovations are also necessary. The older you get, the harder it becomes to move around the house smoothly. Sometimes a stairlift must be placed, or sometimes the doors must be widened in order to be able to pass with a wheelchair. These adjustments are also necessary after incurring a handicap. The medical costs are often added to the renovation costs, so a renovation loan can offer a solution!

A renovation can also make a home extra luxurious! An extension can provide a lot of extra space, or a new bathroom with wellness area provides the necessary relaxation after a hard day at work.

The costs that occur with such works are not for the cat. The majority of people who carry out a renovation do not come with their savings. In this case, a renovation loan will meet you.

You can compare a renovation loan with a personal loan, with the specific purpose of renovating or renovating. The lender will also request supporting documents in this case. Quotations or invoices are sufficient!

Tidy up your garden

Tidy up your garden

You can also claim a renovation loan when you upgrade your garden. Re-tiling a terrace, planting exotic greenery or having a pond laid? With the extra financial scope for a renovation loan, everything becomes possible.

Grants

Grants

Renovations or renovations for the elderly or people with disabilities often qualify for government grants. The reason is simple: if people with a higher age or (physical) disability live longer at home, this reduces healthcare costs.

Ecological subsidies are also common. If you renovate your house sustainably, you take care of the environment. Consuming less energy through (three) double glazing, extra insulation, solar panels, etc. also causes less environmental pollution. To give the environmentally conscious renovator a boost, the government can bear part of the costs incurred.

Take a closer look at the available subsidies. This makes renovating even more attractive!

Do it yourself?

Do it yourself?

What you do yourself, you usually do better. It is an old statement. Not everyone has the necessary resources to carry out a renovation. In that case, definitely contact a professional. The renovation will cost extra, but your peace of mind will be all the greater! It goes without saying that you prefer not to work with the first. Search around in your area, and request quotes from different companies. Try to negotiate a correct price so that your renovation loan does not swing. This way you have the best chance of being accepted by your lender.

Do you have the technical know-how and the right equipment to manage a renovation yourself? Then you are also eligible for a renovation loan!

Eco checks

Eco checks

Above we mentioned the renovations with an ecological motive. In this case you can also use eco vouchers. Eco vouchers are an extra-legal benefit for some employees. Eco vouchers can also be used when taking out a renovation loan! Discuss this with your lender.

Eco vouchers can be used in the following cases:

  • Renovation work with energy saving as a result. Consider insulation or double glazing.
  • Green energy, such as solar panels.
  • Savings on water use. Such as a toilet with saving button for the sink.

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