One of the most difficult tasks when it comes to cope with the work in the house is where Finding funding for reforms. It depends on the size of the reform we are going to undertake; Making a few updates to your home is not the same as considering one. Integral reform, the amount varies a lot. It also affects Construction emergency and the more urgent home reform, the more inclined you will be to accept one thing or the other Funding channels.
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THE BEST SOLUTIONS TO FIND FINANCING FOR REFORMS
In any case, you have a whole range of options available to you, even if the projects are mostly thanks a combination of several of these funding sources:
Savings and Equity
son the most obvious choice and the one who is more or less still there. Practically Nobody plans to renovate their home without saving money. Anyway, it’s just as difficult to find people who can renovate their homes with these funds alone, so they tend to than additive another form of financing.
In addition, these funds are put aside in many cases and professional funding is still sought. There are those who decide, for example apply for a loan even though I’ve had money since then Interest on repair loans is a tax-deductible expense, provided it is for rent. Many are also the ones who opt for external funding and Keep your savings as a financial cushionbecause they know the job will end up going over budget (which is a good strategy).
Despite the times of economic crisis we live in State it’s still a good source of funding and there always is Grant or allowance to improve the house, enlarged energetic efficiencyetc … You should watch out for phone calls and research on the internet, or ask construction professionals to follow those you can select for your reform.
the State Housing Plan 2018-2022For example, this is a good opportunity to get one government grants for the refurbishment of housing.
There are a few important aspects However, you should consider government funding. You should keep in mind that grants they rarely reach 100% of the value of the works, On the contrary, they are retained as a percentage of the total cost, so you need to supplement this funding. On the other hand, this type of aid is granted multiple times once the job is done and they can delay delivery.
Financing by a professional or a construction company
This is not common, but sometimes the professional you hire may be able to to provide you with funding. The general is that a payment plan has been agreedso that you can pay the amount of your reform in multiple installments or while you work. Well negotiating and taking advantage of these deadlines is an asset that you cannot stop playing. Something to help you in the second case is to have Bank guarantee, don’t hesitate to use it to get the best combination of deadlines for your job.
Financing credit reforms
Despite so many options, this is the reality when it comes to pushing most people choose to finance their repairs with a loan. After all, the easiest way to get the upgrades you need into your home is the easiest way – you just need them. meet some basic requirements and you can take out a personal loan.
The cost of reform usually isn’t so high that you need another type of loan (such as a mortgage), and you get too advice to best repay the amount. With professionals like READ, you can compare free loans up to 30,000 euros and find the best financing for you. In just 2 minutes!
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