The return to the routine usually entails that we consider finally taking the step of making that reform in our house that we may have been putting off for different reasons; one of them may be precisely its financing.
According to Andimac (National Association of Distributors of Ceramics and Building Materials), the value of the average reform of a house of 90 m2 was 22,701 dollars plus VAT in 2018, so make the decision to undertake it, especially if it is of the home in which we already live, is something that should be meditated a lot.
Why resort to financing to make a reform at home?
The financing of your reform is usually a tricky aspect and one of the reasons why it is more difficult to take the step of carrying it out since its amount is usually high.
If you have saved enough time and can afford the payment without destabilizing your budget, congratulations! You can take your expenses off at a stroke and you won’t have to worry about future payments or the more likely interest of other options. Even so, make sure that the contractor gives you a closed budget that avoids subsequent surprises – and disbursements -.
If this is not your case, the possibilities you have are numerous: from applying for a mortgage loan for reform to loading the amount on your credit card, but it is not always feasible to access all of them. Therefore, before even requesting quotes, compare all the alternatives at your fingertips in order to choose the most appropriate one for you.
What should you consider before applying for a loan to make a reform?
First of all, we recommend that you manage it in time, as it may be the case that the bank takes time to respond more than the account and the budget given to you by the contractor no longer applies.
If you do not have the possibility of accessing a personal or mortgage loan, or you have spent your time on it and do not want to give up the conditions that your contractor has offered you, you can use a fast credit financial institution, such as Good Credit.
We offer you up to 5000 dollars so you can pay for your reform: we give you up to 36 months to return it and we give you the money in just 15 minutes since we approve your request. You will only have to access our website, fill out the form and attach the documentation we ask for. We will give you an answer as soon as possible.
Benefits of a mortgage loan for the reform of your home
If you apply for a mortgage loan for reform, the main advantage is that you will have enough time to repay it. However, they give it to you depends on many factors and, in addition, the response can take a long time, as in the previous case. Always request it with enough room not to bring you unpleasant last-minute surprises.
Other important issues in the reform of your home
It is possible that you think that, already in work, it is better to do all the planned reforms at once and take away discomfort in the future. Or the contractor may make certain suggestions that, although they can be beautiful and very practical, they end up inflating the initial budget.
In that case, the first thing is to prioritize. It is more convenient that you start with what is really necessary and would imply a significant qualitative leap in the quality of life of your home, and postpone the accessory changes for later. For example, you can consider starting with the kitchen and bathroom, and then leaving other less indispensable or merely aesthetic issues.
On the other hand, learning to delegate is a very useful vital skill, yes, but it should also be done in its right measure. If there is any part of the reform that you can or can do, why don’t you venture and get to work yourself? Opting to do it yourself can reduce your budget for reform considerably; Therefore, if you have the knowledge for the task in question and, in addition, you like DIY, you can enjoy while saving. Do you want to dare with it, but you are not sure where to start? On YouTube, you will find thousands of tutorials on changes and reforms at home that will guide you step by step to get the best result.
It is also essential that you do not stay with the first budget they offer you: do not be afraid to ask different contractors and compare the conditions they propose. Only then can you choose the option that best suits you and your needs. Always make sure that they offer you all the guarantees and, if you have the possibility, trust someone from whom you have been given good references.