The house is going to be the biggest ticket item you’ll probably ever buy in your life. It is also a place where you can call home, offering you a sense of achievement because it is all that you’ve worked for. Many Singaporeans make owning a home one of their lifelong dream. However, a house doesn’t come cheap. Buying a house is only the first step towards having a place of your own.

After spending so much on purchasing a house, you would have felt quite stretched out. However, this is a place where you will be spending a lot of time in. The prospect of creating a beautiful space for yourself is definitely justified and well-deserved. You should not feel daunted by the notion of remodelling or upgrading your house at any point in time.

Before you feel disheartened about not having enough to spruce up your house, you can consider taking up a renovation loan. Licensed money lenders offer short-term hire purchase loans which you can leverage on to solve your problem without having to dig into your savings.

A renovation loan is quite generic and can even serve as a furniture loan. It covers a broad range of areas, allowing you to:

Do extensive repairs Fix wear and tear defects that comes with use and age, such as repainting, floor re-installation, electrical and carpentry works among others. Purchase bathroom and kitchen accessories Upgrade or change your bathroom and kitchen accessories for a trendier look or simply just to enhance functionality. Carry out Additions and Alterations (A&A) works Make minor amendments on your home structure like adding the much-desired patio, or remove any structural elements like beams and columns to enhance your space layout. Purchase new furniture A furniture loan can be bundled together with your renovation loan package to facilitate your purchase of new furniture for your home. Make exterior home improvements For landed homeowners, a renovation loan can help to finance the upgrading of home exteriors, such as garden and swimming pool enhancements.