To give you an idea of a budget, these are the average prices given by Vereniging Eigen Huis (read more about Vereniging Eigen Huis - Dutch only) for the most common types of renovations. Costs can vary depending on your wishes, so it’s smart to make a budget for yourself. That way you’ll have a clear overview.
| Renovation | Average price |
|---|---|
| Dormer window | € 2.800 to € 9.300 |
| Annex | € 15.000 to € 23.000 |
| Kitchen | € 3.000 to € 23.000 |
| Bathroom | € 2.850 to € 17.000 |
| Attic | € 5.000 to € 15.000 |
Renovation costs depend on the choices you make. Factors include:
To estimate your renovation costs, consider the following:
These are of course estimates of the costs. With the help of various websites you can make your budget more specific. For example, on the website of Vereniging Eigen Huis (read more about Vereniging Eigen Huis - Dutch only) you can find several estimates. You will also find a wealth of detailed cost information for different types of renovations on Casadata (read more about Casadata - Dutch only). Useful when you already know exactly what you want to do.
"}},{"componentType":"sectionTitle","title":"When should you choose a loan?"},{"componentType":"paragraph","richBody":{"value":"Good question! This depends on you and your financial situation. But here are a few key points:
Loan amount: The interest rate for a loan is usually higher than mortgage interest.
But the amount you borrow has a big impact on total interest costs. The lower the loan amount, the smaller the difference in total costs between different interest rates.
Imagine you borrow €10.000:
Now imagine you borrow €30.000:
Because you repay more each month during the term, your debt decreases and the amount you pay in interest also goes down.
"}}]},{"componentType":"paragraph","richBody":{"value":"
"}},{"componentType":"accordion","accordionList":[{"title":"Calculation example - the impact of the loan term","richBody":{"value":"
Imagine you have a personal loan of €10.000 and the interest rate is 7,4%. The earlier you repay, the less interest you pay.
Option 1: term of 12 months:
Your monthly amount is €867,11 (repayment and interest). After 12 months you have paid €405,35 in interest on top of the €10.000 repayment (total: €10.405,35).
Option 2: term of 36 months:
Your monthly amount is €310,60 (repayment and interest). After 36 months you have paid €1.181,71 in interest on top of the €10.000 repayment (total: € 11.181,71).
For smaller loan amounts, a personal loan is often more cost‑effective than financing through a mortgage. The extra costs and long duration of a mortgage usually don’t outweigh the difference in interest. It’s always smart to calculate your options using the current interest rates. If you choose to make energy saving improvements, you receive a lower interest rate on your loan (read more about borrowing money for an energy saving renovation).
"}},{"componentType":"cta","textLink":{"url":"/en/personal/mortgage/sustainable-living/financing-sustainable-renovation","text":"View our options for financing (Dutch only)"}},{"componentType":"linkList","iconTitle":{"title":"More information"},"textLinks":[{"url":"/en/personal/mortgage/sustainable-living/financing-sustainable-renovation","text":"Financing a home renovation (Dutch only)"},{"url":"/particulier/lenen/jouw-leendoel/zonnepanelen-financieren","text":"Financing solar panels (Dutch only)"},{"url":"/en/personal/loans/your-goals/finance-a-heat-pump","text":"Financing a heat pump"},{"url":"/en/personal/loans/your-goals/finance-home-insulation","text":"Financing home insulation"}]},{"componentType":"linkList","iconTitle":{"title":"Loans"},"textLinks":[{"url":"/en/personal/loans/what-does-borrowing-cost","text":"What does borrowing cost?"},{"url":"/en/personal/loans/how-much-money-can-i-borrow","text":"How much can I borrow?"},{"url":"https://mijn.ing.nl/banking/loans/personal-loan-apply","text":"Apply for a loan"},{"url":"/en/personal/loans/rates","text":"Current interest rates"}]}]}}}