Budgeting Your Old Home Renovation: Tips for Maximizing Your Loan

Ah, the allure of an old house. Layers of history whispering from the creaky floorboards, sunbeams dancing through stained-glass windows, the promise of transforming a fixer-upper into your own cozy haven. But let’s be real, the journey from cobwebs to cocktails can feel like navigating a haunted funhouse blindfolded, especially when it comes to the budget. That’s where Finnable, the home renovation loan superhero, swoops in to save the day!

Step 1: Unearth the Hidden Costs (and Your Inner Detective)

Before the hammers touch your space, grab your magnifying glass and detective hat. Scrutinize every crevice, unearthing the nasties that lurk within the walls – from vintage radiator woes to the hourly rate of ghost-busting plumbers. Research like crazy, from materials to permits, because unexpected surprises love to play hide-and-seek in old houses. Remember, factor in a “gremlins and goblins” fund for those plumbing explosions or surprise termite colonies.

Step 2: Befriend the Loan, Not the Loan Shark (with Finnable as Your Wingman)

Loans aren’t the enemy, they’re your old-home renovation Robin Hood! But ditch the shady loan sharks and turn to Finnable, the friendly face of home improvement financing. They offer flexible loan options, competitive rates, and a transparent online platform, making the whole process feel like ordering pizza, not navigating a financial labyrinth. Plus, their pre-qualification process is quick and easy, so you can see what kind of loan magic you can work with before you even start hammering.

Step 3: Prioritize Like a Pro (Because Adulting is Hard)

You can’t possibly do everything at once. So, channel your inner Marie Kondo and prioritize like a ninja. Leaky roof? Top of the list. Avocado bathroom? Can wait! Remember, spreading your old-home renovations out over time with the help of a Finnable loan lets you enjoy the transformation in stages, without breaking the bank.

Step 4: DIY or Delegate? Choose Your Weapon Wisely

Let’s be honest, some of us were born with hammers in our hands, while others wield spatulas with more finesse. If you’re a Bob Vila wannabe, go for it! But if the thought of electrical wiring makes your palms sweat, hire a pro. Delegating doesn’t make you any less of a renovation warrior, it just means you’re fighting the battle smart. And hey, with a Finnable loan, you can afford to bring in the cavalry when needed!

Step 5: It’s a Marathon, not a Sprint

Old-home renovations are journeys, not vacations. There will be bumps, there will be tears, mostly when you realize how much that vintage faucet costs, but there will also be moments of pure, unadulterated joy, like finally banishing that popcorn ceiling. So, pace yourself, celebrate the small wins, and remember, your dream home is waiting at the finish line.

Bonus Tip: Befriend fellow renovators! Online forums, support groups, even that grumpy old dude next door who’s been fixing things since the dinosaurs roamed, they’re a treasure trove of advice, commiseration, and maybe even a spare tile or two.

So, there you have it, folks! Your roadmap to conquering your old home renovation with a budget-savvy swagger and Finnable by your side. Remember, with a little planning, some smart borrowing, and a whole lot of heart, you’ll be sipping cocktails in your newly remodeled haven before you know it. Now go forth and renovate, you magnificent budget-wielding warriors!

P.S. Don’t forget to document your journey! Before and after photos, hilarious renovation bloopers, and all the tears and triumphs in between, share your story and inspire others to embark on their own old house remodel adventures with Finnable as their financial superhero!

Happy hammering!


Frequently Asked Questions (FAQs):

Finnable has set a required minimum age for personal loan of 21 years for individuals to be eligible for a personal loan. This ensures that applicants have reached legal adulthood and are capable of entering into a financial agreement.

Yes, Finnable understands the financial needs of young borrowers and offers personalised loan options tailored to their specific requirements. Whether it's financing higher education, purchasing essential items, or starting a business venture, Finnable provides support to young individuals seeking financial assistance.

Borrowers nearing retirement may have unique financial needs, such as retirement planning, medical expenses, or supporting their children's education. Finnable offers personalised loan solutions that consider the specific circumstances of pre-retirement individuals, helping them meet their financial goals.

Unfortunately, no. Finnable does not, at the moment, offer any loans to senior citizens. Currently, 60 is the maximum age for personal loans set by Finnable

Other than personal loan age limits, Finnable considers various other factors for determining loan eligibility. These factors may include the applicant's income, credit score, repayment capacity, and employment stability. By assessing these aspects comprehensively, Finnable ensures that borrowers across different age groups can access the loan products that best suit their financial needs. 


Amit Arora

I am a seasoned retail banker with over 21 years of global experience across business, risk and digital. In my last assignment as Global Head Digital Capabilities, I drove the largest change initiative in the bank to deliver the end-to-end digital program with over US$1 billion in planned investment. Prior to that, as COO for Group Retail Products & Digital, I implemented a risk management framework for retail banking across the group.
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