Understand why you want the renovation and how you will use the space afterwards
The first step is to clearly define the goal of the renovation. Do you want to improve functionality, increase the property’s value, or create a more aesthetically pleasing environment? How will the space be used after the renovation - will it be a workspace, a place for family time, or, for example, a children’s room?
It’s also important to understand the practical functions: how much storage space you need and exactly for what items, what the lighting will be like, and whether the electrical wiring or plumbing needs to be replaced. At the same time, think about aesthetics - which colours, materials, and atmosphere matter to you. The more precise your vision is, the easier it will be to plan the renovation work and estimate the renovation costs.
Set priorities and align the vision with your family members
Renovation is the art of compromise. Evaluate where you are willing to adapt and which things are fundamentally important to you. Is your priority high-quality kitchen appliances, natural materials, designer tiles, or energy-efficient solutions?
Discuss the plans with other members of your household. Do you share the same vision of the final result? A coordinated plan from the start will help avoid disagreements and additional costs during the renovation process.
Create a list of tasks and plan the sequence
Before you start looking for a contractor or going to a construction store, create a rough list of tasks. Demolition, electrical work, plumbing, wall finishing, flooring installation, furniture assembly - in what order should these tasks be done? If you are renovating spaces such as the bathroom or kitchen, where will you temporarily move the functions of these rooms?
A clear work plan will help you better understand the overall scope of the project and organise the necessary resources in advance, including hiring specialists if needed. This is also important if you plan to apply for a renovation loan, as it will help you calculate the required financing more accurately.
Prepare a cost overview and plan for unexpected expenses
Create an overview of the expected costs - materials, labour, delivery, demolition, and design services. Find out where you will purchase materials and services, how far in advance orders need to be placed, and whether everything can be bought immediately in a store.
When planning your budget, make sure to include unexpected costs. In renovations they appear almost every time - hidden defects, additional materials, or price fluctuations. A safety buffer in the budget will help you avoid stress and unfinished work.
Choose the most suitable financing solution
Renovation costs don’t always have to be covered from savings. A renovation loan is a suitable solution so your financial safety cushion remains untouched for different life situations. The Inbank renovation loan allows you to receive financing for home renovation with clear conditions and without unnecessary bureaucracy - we won’t ask for a cost estimate and you don’t need to show receipts for how the money is spent.
If you plan to borrow, apply for an Inbank loan and indicate renovation as the purpose. A renovation loan with a specific purpose can provide more favourable conditions and a lower interest rate than a general consumer loan.
The application process is convenient and fully online. Knowing the exact work plan and budget, you will be able to choose a suitable amount and confidently start your home renovation, because if the credit agreement is concluded, we will transfer the funds to the bank account you indicated within one working day.
A well-thought-out plan is the foundation of a successful renovation
If you clearly know what you want, how much it costs, and how you will finance the project, renovation becomes a structured process rather than a chaotic challenge.
Learn more about the Inbank renovation loan and check your offer online today. Finding out your credit offer does not yet mean a concluded agreement. Check your offer by applying!
