Bought a Fixer-Upper? How to Finance the Renovation.
The House is Yours. Now Fix It. You won the bid on a “Zombie Property” for cheap. Great! But now you need 500k for a new roof and tiles. Do you need cash? Not necessarily. The “Top-Up” Loan Some partner banks allow you to apply for a Home Improvement Loan on top of your acquisition […]
The House is Yours. Now Fix It. You won the bid on a “Zombie Property” for cheap. Great! But now you need 500k for a new roof and tiles. Do you need cash? Not necessarily. The “Top-Up” Loan Some partner banks allow you to apply for a Home Improvement Loan on top of your acquisition loan. Because the asset value will increase after repairs, the bank is often willing to lend on that future value. Credit Card 0% Installments For materials (tiles, paint, fixtures), big depots (Wilcon, CW Home) offer 0% installment plans. Strategy: Use the loan for labor (cash). Use the card for materials.
