Buying a home is just the first step in realizing your dream of living in a home that will show off in front of the world. Everyone wants a home that people can admire when they see one.
Home improvement capitalize include painting, interior or exterior repairs, as well as modifications and renovations. In some cases, this may mean adding an entire floor, changing the kitchen, bedroom, or bathroom, or adding a new room.
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Longer-term and lower interest rates
You can get a simple online personal loan with very attractive interest rates. When you consider the other hidden costs and time-consuming formalities of getting a home improvement loan from other banks and NBFCs.
Mortgage loans are offered for a maximum period of 15 years and banks typically fund 80% of the expected cost of home renovations.
Another benefit of home improvement loans is tax breaks which are not available with personal loans.
Increases Your Property Value
You don’t renovate your home to sell it but celebrate it. However, home improvement not only adds style but value to your property. When the time comes for you to perhaps move into a newer or bigger home, you can sell the home at a premium cashing on the rise in the real estate price.