A home improvement loan can be availed irrespective of a pre-existing home loan.
“People usually are the happiest at home”
- William Shakespeare
The statement holds true, no matter where we live or how hard our day be, we always look forward to going back home to our near and dear ones. But our safe haven, also faces a lot of wear and tear due to various reasons, weather and pollution being a few. Hence to keep our abode strong and beautiful, it also requires makeovers and regular maintenance.
“Changing homes is not a sensible option either, sometimes a fresh paint job, new flooring or a simple renovation of the living room is sufficient to change the vibe,” said Rishi Anand, Chief Business Officer, Aadhar Housing Finance.
However in many cases people find it difficult to arrange funds for the makeover. But do not worry as now one can avail for a home improvement loan. “Home improvement loans are beneficial to spruce up your home. The availed loan amount can be used for a variety of purposes such as flooring, tiling, plaster, painting, extension of home, loft conversion, kitchen renovation, bathroom fitting, and garden design,” stated Monu Ratra, CEO, IIFL Housing Finance.
There are several reasons why you might want to consider renovating your home. If you are purchasing a property on resale, you may particularly need to upgrade your home before moving in. Navin Chandani, Chief Business Development Officer, BankBazaar, said, “Regular maintenance of the property also extends the life of the property. This makes a difference if you plan to sell your property in the future.”
This story is from the September 2019 edition of Outlook Money.
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This story is from the September 2019 edition of Outlook Money.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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