5 Points to Consider Before Renovating Your Home
If you are buying a new flat, it is essential to set aside an additional S$50,000 to S$80,000 to renovate it according to your tastes. Those who have lived in the same house for a period of 10 years or more would need to spend a substantial sum to refurbish their homes. But, wow will you pay for this expense? If you have recently bought a home, you would have probably taken on a large home loan, and it could be a meaningful burden to incur further debt for your renovation. Therefore, people who are remodelling an existing home should also try and avoid taking a loan for this purpose. Instead, they should plan ahead and set aside money on a regular basis. However, at times, the only way to arrange the required funds is through a renovation loan. Several banks offer this product specifically for people who need help funding their home renovations, and often even give you a discount if you already have a home loan from them. Here are some other points to keep in mind so that you can be sure to get a great renovation without stretching your finances too much. Decide on your budget [...]
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