11.06.2024
Is it worth using a home loan to buy a home in need of renovation?
When browsing real estate portals, we often come across apartments or houses with a great location and layout, that are not attracting potential buyers because they need renovation. Some have outdated kitchen furniture, others have bathrooms in need of a major overhaul, and some have a style that is unacceptable to the buyer. Many home buyers in this situation just give up and move on to the next advertisement. However, according to Mari-Liis Sepp, Head of the Loan Department at Holm Bank, it is worth seriously considering such properties – buying a home that needs renovation is cheaper than buying a new one, plus you can adapt it to your taste.