As a homeowner, you are sure to have countless ideas for ways your home could be improved or upgraded. You might be thinking of a new kitchen, an upgraded bathroom, an attic conversion for a home office, or maybe an extension.

One thing that you must establish at the very start is your budget. With this in mind, it's important to ensure that before you commence your home improvement project, that you have a fully thought out renovation plan. This will help keep costs under control.

There are many different home renovation finance options available to you to make your dream home a reality, these include:

Personal Savings

Smaller home improvements may be funded by dipping into your savings. If you have the cash available and it does not mean cleansing your emergency fund, then your savings could be an option for partially of fully funding your home renovation.

Home Renovation Loan

Whether large or small, home improvement loans may provide you with added flexibility. Avant Money home improvement loans can be used for whatever you have in mind. Whether you are extending your roof space, stretching out your garden or rebuilding that dream kitchen, Avant Money may be able to provide the finance you need.

At Avant Money, home improvement loan interest rates are fixed. This means your monthly repayments will always stay the same for the lifetime of your loan. You can borrow any amount between €5,000- €75,000 for home improvements and repay the amount over any period between one and ten years. In order to apply for a loan with Avant Money, you must be over 18 and a resident of the Republic of Ireland. Avant Money’s online eligibility checker will help you understand if you are likely to be approved for a loan based on your financial profile. You can then complete the loan application process online.

Top Up Mortgage

For those who have a mortgage already, then a mortgage top up (if available from your lender) may be a good financial option for you. Mortgage top ups allow you to utilise the equity built up in your home to fund your home improvements.

Home Improvement Grants

The Sustainable Energy Authority of Ireland (SEAI) offer a variety of home energy grants to help Irish households upgrade their homes with energy efficient solutions. Retrofitting works not only make your house more comfortable but can also increase your homes energy efficiency, in turn reducing your energy costs and carbon emissions.

And Don’t forget...

When undertaking a home renovation project, always go with reputable suppliers and keep all receipts as some home renovations may also be tax deductible.

*Representative example:
On a €20,000 loan over 5 years, at a fixed rate of 6.6% (6.8% APR) you will pay €392.26 a month. The total cost of credit would be €3,535.63 and the total amount repayable would be €23,535.63.

Rate offered takes into account financial profile and credit history.

Our interest rates vary depending on the value of your loan and credit profile. We will assign you the appropriate interest rate once your application has been reviewed. To find out more about the loan values and applicable interest rates, check out our rate table.

The above content of this blog does not constitute financial or professional advice or recommendations from Avant Money. Readers should always seek independent professional advice and not solely rely on the information within the contents of this blog.

For more information on Avant Money Top Up mortgages, please visit https://www.avantmoney.ie/mortgages/already-a-mortgage-customer

For more information on Avant Money personal loans, please visit https://www.avantmoney.ie/personal-loans

Avantcard DAC trading as Avant Money is regulated by the Central Bank of Ireland.