Can I get interest deduction on the loan for my renovation?
Yes, in most cases, the interest on a loan for renovating your own home is tax-deductible, provided the loan is used for the maintenance or improvement of the home in which you live.
More questions about renovating and making your home sustainable
- Can I use a mortgage increase for maintenance on my home?
- How long does it take to arrange a mortgage increase?
- How much can I borrow at most for a renovation or sustainability upgrade?
- What if I do not have enough equity to increase my mortgage?
- Which documents do I need for mortgage advice on renovating or making my home sustainable?
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