If a condominium is to be energetically renovated, refurbished or modernized, there are support programs. However, applications for this must be made before working in the home. This is done through a branch bank, usually it’s the house bank. There is no direct contact for a loan for the home renovation.
It depends on the reason
However, only projects that are planned due to the above-mentioned events are funded. Just a simple beauty renovation is not supported by the bank. If it is just a simple beauty renovation, another loan for the apartment renovation must be taken out.
A conventional renovation also costs money, but not to the extent that is the case with a modernization. Often enough to cover the overdraft facility on the current account is sufficient. Wallpaper, paste, paint and possibly a new floor covering should not actually exceed the limit of the disposable. This is at least the case if you assume a disposition of 3,000 dollars.
Credit from the banks
It will be cheaper with a home renovation loan. Since no grants can be scheduled, the tenant or owner of the apartment must bear the costs alone. For this reason alone, a direct comparison is worthwhile, because it can save money. The advantage in this case lies with the Internet banks, which can offer better conditions than the branch banks.
Credit from Switzerland
In the case of negative credit entries, a loan will no longer be made in Germany. Foreign banks are now in demand. It remains to be seen whether it makes sense to take out a home renovation loan in Switzerland or Liechtenstein. These loans are not as cheap as an installment loan in Germany. With the maximum loan amount of 3,500 dollars, in rare cases 5,000 dollars is also possible as a loan amount, you can renovate an apartment.
In this case, however, it would be advisable to gradually beautify the apartment and instead waive the loan. It is certainly more practical if the home is suddenly given a new coat of paint, but anyone who works from room to room does not need a loan. This can also be done with your own financial resources.