Renovation Loan

A renovation loan is a type of loan that provides funds specifically for improving or repairing a property. It allows homeowners or buyers to finance both the purchase and renovation costs in a single loan, or to access funds for upgrades after purchasing. These loans can cover a wide range of projects, such as updating kitchens, fixing structural issues, or adding new rooms. They typically offer competitive interest rates and flexible repayment terms, making it easier to enhance a property’s value and comfort without taking out multiple loans or paying upfront costs.