When to take a loan for renovation?

Do you want a new kitchen, bathroom or maybe a balcony off your south-facing living room? However, if you do not have the financial capacity for home renovation and home improvement , you may want to consider taking out a loan for renovation. Here we help you with what considerations you should make before taking a loan for renovation.

If you want to take out a loan to redevelop your home , you can for example. Do this by taking out a consumer loan or a quick loan . Here you can choose a loan provider that has a loan amount that suits your renovation projects.

You may need a smaller loan for floor renovation or other minor adjustments. For this you can for example. take out a loan of USD 10,000 It may also be that you are in the process of a larger project and thus need a larger loan for renovation of a house , here you can be offered an amount of up to USD 500,000.

Before you begin home improvement

Before you begin home improvement

For starters, it may be a good idea to find out what your housing project will cost by researching and obtaining offers from various artisans and contractors.

For example, if you renovating the kitchen, bathroom or larger floor space, it may be worth taking into consideration whether it is necessary to rent a temporary home or whether you can move home to family or friends for a period of time. The extra housing costs can affect the size of the loan.

Basically, you must comply with some building regulations requirements, regardless of the size of your building project. You may have to make reservations about the height and distance of the building. There are specific requirements for constructions, insulation and fire conditions that require that a building permit is sought. Read more about building permits on the website.

Loans for home renovation can usually pay off

Loans for home renovation can usually pay off

It can be expensive to renovate, but when renovating parts of your home, e.g. With a new kitchen or bath, your home will most often increase in value , thus increasing the home’s sales value . Therefore, it is usually worth paying for a loan for redevelopment. This, of course, requires the loan to be spent on something that will add value.

In addition , if you choose to renovate your home , you can also reduce your monthly expenses on electricity, water and heat bills. Likewise, your home’s energy label often plays an important role for a potential buyer. Therefore, an energy renovation is also the way you can increase your home’s sales value.

Craftsman deduction for home renovation loans

Craftsman deduction for home renovation loans

For craftsmen’s deductions, there will be a special focus on green investments and renovations for the purpose of renovating your home. With the craftsman’s deduction, you can achieve savings on, for example, insulation, replacement of windows, windows, patio and exterior doors.

This means that when you make improvements to your home, you can conveniently report this to SKAT and achieve savings on the work done. You can read more about artisan deductions and what craft benefits that allow deductions here.

Overview of savings on the craftsman’s allowance

Overview of savings on the craftsman

The value of the deduction is approx. 26%, that is, the amount that you will be able to recover after the improvements have been made.

Our partners require you to do so

If you want to take out a loan to rebuild your home, there are some requirements you must meet that our business partners must have as a guarantee that you have the finances to pay off the loan.


  • You must be at least 18 years of age.
  • You must be registered in the National Register.
  • You must not be registered in RKI.
  • You must have a number and Id.

In addition, some loan providers may have requirements, such as:

  • A minimum age of 20, 21 or 23 years
  • Permanent job
  • Minimum requirements for total annual income.

Please note that our partners can make a number of additional requirements if your home renovation loan is more than USD 75,000.

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