Remember that the kitchen is one of the most important parts of the house. Appliances: Appliances can consume up to half your kitchen renovation budget if you let them. The amount of renovations done is also very important, as it affects the labor intensive factor of the renovation. The duration is set according to the amount borrowed and your ability to repay the loan.
The interest on your renovation loan is tax-deductible under certain conditions. A discount of 0.25% will apply to our Standard Variable Rate for every grade improvement in your home’s EPC rating and the discount will be applied to all your mortgage balance.
RENOVATION TIP: This is a great part of the DIY renovation to get some help from family and friends with. All lighting within the Renwick has been converted to LED technology, a major goal of the renovation. But, remember that if you are planning to sell the property in the near future, it is advisable to opt for conventional renovation projects such as repairing structural cracks in the walls and painting them with beautiful colors.
A renovation cannot just be considered as just that; value and quality of the materials used also becomes a considering factor. As you can see, there are many tradespeople that will eventually be involved in your renovation, so it is always advisable to work with a renovation contractor who takes responsibility for hiring and managing these workers.
Yes, we release funds as and when the renovation progresses and release up to a percentage of the increased value of the property. Getting funding for your renovation in advance can help you work out how much you have to spend, so you can stick to your budget.