{"id":19286,"date":"2022-10-07T11:34:57","date_gmt":"2022-10-07T11:34:57","guid":{"rendered":"https:\/\/domidea-ristrutturazioni.it\/senza-categoria\/mortgage-with-renovation-what-deductions-and-necessary-conditions-to-benefit-from-them\/"},"modified":"2022-10-07T11:34:57","modified_gmt":"2022-10-07T11:34:57","slug":"mortgage-with-renovation-what-deductions-and-necessary-conditions-to-benefit-from-them","status":"publish","type":"post","link":"https:\/\/domidea-ristrutturazioni.it\/en\/senza-categoria\/mortgage-with-renovation-what-deductions-and-necessary-conditions-to-benefit-from-them\/","title":{"rendered":"Mortgage with Renovation: What Deductions and Necessary Conditions to Benefit from Them"},"content":{"rendered":"

There are excellent opportunities to renovate your home by making cost-effective choices, especially if you opt for turnkey apartment renovation<\/a>. Furthermore, in recent times, the Government has made various tax bonuses available, including the Renovation Bonus<\/g>, and more. We at Domidea also offer you the opportunity of Zero Interest Rate Financing for your Renovation<\/g>. However, is renovation not the only expense you have planned to face? Are you thinking of buying a house to renovate?<\/g> In this case, you should also consider the “mortgage plus renovation<\/g>” formula. This would allow you to obtain liquidity both to purchase and to renovate your home. Various banks offer this type of financial solution, directly linked to the renovation of a property. In particular, the market offers various offers for mortgages with first home renovation<\/strong>. Let’s examine the topic in more detail. <\/p>\n

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The Difference between a Purchase Mortgage and a Renovation Mortgage<\/h2>\n

Purchase mortgages and renovation mortgages are two different types of financing<\/strong>, based on different parameters. A property purchase mortgage can provide up to 100% financial coverage<\/strong> for buying a house, especially if the property being purchased is a first home. To obtain the loan, you will need to inform the credit institution in question of your personal, asset, and financial situation.
\nThe renovation mortgage, on the other hand, covers a maximum of 80% of the total financial expense<\/strong>. Furthermore, to access this type of financing, you need not only the ordinary personal, asset, and financial documents, but you must also provide detailed documentation regarding the work that will be carried out when undertaking the renovation of the property for which financing is requested. <\/p>\n

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What Work Can be Performed with a Renovation Mortgage<\/h2>\n

When discussing building renovation and maintenance work<\/a>, a distinction must be made between different types of intervention: <\/p>\n