411homerepair.com

Are You Worried about Funding Your Home Repairs?

by Martyn Weber on Sep 27, 2019

When you are looking to make repairs or alterations to your house it can be a daunting prospect where you are going to get the money to fund these repairs, however, you always have options.

Overdraft

High-interest rates running 10-20% for a secured overdraft are generally too expensive to allow you to fund in a positive way.

Unsecured Loan

You could opt for an unsecured loan, but unless you have an amazing credit rating then again these are going to be very high interest  

Secured loan

These offer a cheaper interest rate, but then you are worried about what this would mean for the profitability of selling the home in the future, and you are tied into a long contract

​Bridging Loan

You can look at getting a short-term bridging loan that allows you to fund any home repairs or alterations that you may have using a bridging loan calculator, you can look at how much it will cost you over the period that you are looking to borrow over.

Checklist

With these different options, you can look at what is the best option for you and how you are going to fund the work that is required. 

Whether you want to make the house ready for sale or just improve how your property looks you have multiple options but if you are looking for a return on investment the bridging loan may be the best and cheapest way to get the funds that you need to make the improvements that you want before confirmation of a sale is available.

Latest Articles

How Much Does It Cost To Take A Bath​?

Plumbers know that a bath may seem like a relaxing luxury, but the real cost extends far beyond your water bill. The average soak uses 35 to 50...

on Apr 8, 2025

10 Concrete Patio Ideas on a Budget

A concrete patio can be a game-changer for your outdoor space. It is durable, versatile, and can be customized to fit your style. But what if you...

on Mar 25, 2025

Tips for Creating a Stunning Personalized Photo on Canvas

Order the unique beauty of a personalized photo on canvas and bring your memories to life. With a customized photo on canvas, you can transform...

on Mar 7, 2025

Best Areas to Buy Property in Singapore for Long-Term Growth

Singapore's real estate market remains one of the most stable and lucrative in the world. With limited land supply, strong governmental...

on Feb 18, 2025

Troubleshooting Excess Water in Your HVAC Secondary Condensate Drain Pan

When maintaining your air conditioning system, it is easy to overlook the condensate drain pan - until excess water starts pooling in places where...

on Jan 12, 2025

Sponsored Articles

Actions

More DIY Articles

5 Reasons Heavy Duty Construction Equipment Should be Part of Every Household

There is an interesting sight to behold in our neighborhood: a wall kept together by ropes and cables. No, this isn’t a ramshackle neighborhood....

Construction / Materials

5 Easy DIY Projects to Improve Your Yard

Are you happy with your yard? When your neighbors come over, will they be impressed by what they see? If you feel your yard could be improved, with...

Garden / Landscaping / Patio

How Roofing Companies and Electricians Work to Ensure a Safer Home

Your roofing contractor may discover that your old electrical system is not what it used to be. As a homeowner, you can confirm that only some...

Roofing / Gutters

How Your Health Can Improve When You Have a Whirlpool Bath

For some of us, whirlpool baths can be considered a luxury item; something that we have as an additional feature to make our homes more stylish and...

Kitchen / Bathrooms

5 Home Repair Tasks You Should Never DIY

These days with the craze of home improvement shows on the rise, DIY home jobs are the next popular thing. These shows definitely enthrall viewers,...

Safety / Security

Contact Us | Submit Article | 411homerepair © 2025