Remodel your home
or make it more sustainable?
There are all kinds of ways to get your home ready for the future. But how are you going to pay for that renovation or preservation? You can (partly) use your savings for this, but there are also several possibilities to take out an extra mortgage for this.
Make a free, no-obligation online appointment. You will immediately see the possibilities in my calendar.
How to finance your
sustainable home improvements
Making your home more sustainable offers many advantages. From more living comfort and lower energy bills to a higher value of your home. So you not only contribute to a better climate, but you also save in the long run.
Increase your existing mortgage
Did you know that you can increase your mortgage for energy-saving measures such as insulation or solar panels? You can take out as much as a 6% additional mortgage on your home for sustainability measures. You can also use the equity of your home. That means you borrow an additional amount on top of your existing mortgage.
Take out a loan through the Warmtefonds
The Warmtefonds was created by the Rijksoverheid. At the Warmtefonds you can apply for a loan on favorable terms and interest rates. This way you can quickly start saving in a responsible way.
Get discounts or subsidies on sustainable investments
Making your home more sustainable comes with increasing rewards, including discounts and subsidies. You can often get a lower interest rate or a more favorable mortgage if your home meets certain energy efficiency standards. Subsidies for solar panels, insulation, and heat pumps may also be available (check with your municipality for specific programs).
Shariff Roling | Mortgage advisor
Remodeling your home with confidence?
Get informed about your financial options!
Completely non-binding and free of charge
How to finance your
home renovation
Want to renovate without moving? Or maybe you're buying a home and want to make it your own right away? There are various ways to finance your renovation project. Let's explore your options!
Finance your home renovation with your mortgage
Buying a home and planning to renovate right away? You can often include the renovation costs in your mortgage! An appraisal will determine the value of the house after renovations, allowing you to potentially secure a higher mortgage amount.
Taking out an additional renovation mortgage
If you already have a mortgage, you can raise it for remodeling. Especially if your
home has equity.surplus valueNeed more funds for your dream renovation? You can often increase your existing mortgage to cover the costs! While it's usually simpler to work with your current lender, exploring options with other banks can sometimes lead to better deals. We can help you navigate the choices and find the best solution.
Personal loan or credit arrangement for renovation
Not sure how to finance those smaller home improvements? A personal loan can be a great option for one-time expenses, with quick approval and fixed interest rates. Or, if you need more flexibility, consider a revolving credit line. You can borrow what you need, when you need it, and pay it back at your own pace. Just keep in mind that the interest rate might fluctuate.
Frequently asked questions about mortgage advice on renovation and sustainability
Yes, the interest on a loan to remodel your own home is tax deductible in most cases, provided the loan is used to maintain or improve the home you live in.
If you don't have enough home equity value, you may want to consider taking out a personal loan. This can be an alternative for smaller renovations. The interest rate is usually higher than with a mortgage, but the loan is often available more quickly.
The maximum amount you can borrow depends on your income, the value of your home, and your existing mortgage debt. I would be happy to make a calculation for you so you know exactly what your options are.
The process of raising your mortgage can take several weeks to several months, depending on the complexity of your situation and how quickly you provide documents. A detailed remodeling plan and quotes can speed up the process.
Yes, you can use a mortgage increase for both maintenance and improvements to your home. Consider replacing a roof, renovating the kitchen or bathroom, or landscaping.
Share your renovation plans and get informed about your
financial options
Completely non-binding and free of charge!