Borrow money for making your own house more sustainable

Borrowing money is made easier by various Dutch banks to enable homeowners to make their homes more sustainable. The Dutch government wants to get rid of all households by 2050. This often requires a substantial investment that cannot be borne financially by all households. Then borrowing money is a good option.

Borrowing money makes initial adjustments to a sustainable home possible

Borrowing money makes initial adjustments to a sustainable home possible

The money that homeowners can borrow more easily makes it possible to pay for the first adjustments, such as the costs of insulating a house. This often requires substantial investments. Replacing the central heating boiler with a heat pump, or purchasing solar panels, for example, quickly add up to thousands of euros.

The costs for making an average home fully sustainable are often a lot higher than ten thousand euros. Making a terraced house fully sustainable in the 1970s, for example, quickly costs between fifteen and thirty thousand euros.

Making the house more energy efficient: various financing options

Making the house more energy efficient: various financing options

There are various financing options to make your house more energy efficient. We list them for you.

Co-finance in your mortgage

Co-finance in your mortgage

Various mortgage lenders offer the possibility to co-finance energy-saving measures in the mortgage; home buyers who want to become more sustainable can borrow up to 106% of the home value. Examples of energy-saving measures are: HR boiler, heat pump, solar water heater, roof and floor insulation and HR ++ glazing. The bank places the extra mortgage amount in a deposit and checks whether you actually spend the loan amount on energy-saving measures. In addition, the bank will ask you for purchase invoices.

In addition, there are administrative costs associated with changing an existing mortgage. This discourages many homeowners from taking the first step. A mortgage advice interview often costs around a thousand euros.

Are you buying a house and want to invest in energy-saving measures or are you buying a house that is already energy efficient? Then you can take out a higher mortgage with most lenders. This extra amount then comes on top of the maximum mortgage that is based on your income. For investments that still have to be made, you can borrow a maximum of 9,000 euros.

Due to the limited extra loan amount and additional administrative costs if you are already a homeowner, taking out a personal loan may be a more interesting option.

Benefits personal loan versus sustainability loan

Benefits personal loan versus sustainability loan

You can request a sustainability loan through the municipality. This is a loan with which you can finance energy-saving measures at your home under certain conditions. However, the disadvantage is that not every municipality or province has a sustainability loan. In that case, a personal loan is an attractive alternative.

Benefits personal loan

  • Shorter term than a second mortgage
  • Tax-deductible
  • Interest and duration are fixed in advance
  • No additional administrative costs such as notary fees etc.

What if I run out of money?

If you are in a situation where you have run out of money, you have to make some very important decisions. Decide if you will inform your family that you have run out of money

Financial problems


Your family cares for you and naturally does not want to see you experiencing difficulties. Some people choose not to tell their family about their financial problems, while others think it is better not to remain silent so that they can get out of the situation together. When you decide to tell your family, make sure you don’t hide anything and show them the entire financial picture so that they can decide how to help.

Understand the importance of budgeting to avoid cash deficits

Understand the importance of budgeting to avoid cash deficits

Cash deficit is when you spend more than you earn. In order to get money shortage, you probably spend less than you spend. You must have a budget in place to avoid a monetary crisis. Many people see the budget as handcuffs, which limits them, but that’s not the case. Budgeting helps you control your costs and savings. Without budgeting, it will be difficult to financially create the future for yourself.

Do not take short-term loans if you do not have income


Something that some people do when they run out of money is to take a quick loan, knowing that they will not be able to repay it. Short-term credit lines are better suited for people in employment who receive a monthly salary or income

Why are you in a cash shortage?

After the emotion of lack of money subsides, think about why it came here. The main reason for running out of money may be due to: either overspending or too much debt to repay. Find out what is the cause and look for a way to keep repeating yourself.

If you think you will be experiencing monetary problems, consider a small quick loan

Those of you who have a steady monthly income but still need quick cash can check out the payday loans lenders offer. Some companies, such as Good Finance, for example, offer a first payday loan with 0% interest for up to 15 days. This is a good opportunity to take advantage of short-term borrowing money to pay off with your next monthly payment.

If you run out of money, don’t panic. Never make extreme decisions – talk, discuss, think, there is always a way to get out of the situation. If you regularly monitor your finances, it will be easy to anticipate such a situation. If there are indeed preconditions for it, do not wait until the last moment. Discuss the situation with your friends, family or lender.

This is how you teach kids about money

Numerous recent economic studies have shown that about 50% of parents avoid talking to their children about money. Economic issues are perceived as unnecessary or too complex for children. However, it should not be that difficult to talk about money. Here are some guidelines for starting a financial discussion with your children and helping them understand the basics of the economy.

Get started early


Start guiding your child into a housekeeper at a young age. Take advantage of everyday examples and situations – they make economic themes easier for your child to understand. This way, you can slowly begin to explain even more complicated things, such as long-term savings or the mortgage you need to buy a house. By helping your child understand the laws of the economy at an early age, you will be laying the foundation for learning how to manage your own finances in the future.

Teach the importance of goals and planning


We all know that kids stare at new stuff, whether it’s a pair of sneakers or the latest video game. So why not teach them how to save their own pocket money so they can get the things they want? By explaining to your child the monetary value of goods and working together on how much and how much to save on new goods, you teach your child to value both the purchases themselves and the money they spend.

Explain the principles of the loan

Explain the principles of the loan

Your child probably does not understand the financial responsibilities of your family, such as a mortgage or credit account. So openly explain what these obligations are; If you want to explain to your child how a bank loan works, let them borrow a small amount from them and learn how to repay. For older children, you can add interest, which means adding a little extra to the repayment of the loan.

Play games to build your financial skills together

Games and games that build up your financial skills are a great help for parents who hesitate to talk about money. All kids love to play and have fun, so combine learning economic skills with games like Monopoly or mobile games with a financial theme – these are natural ways to build your child’s skills. Your child’s future is the most important investment of your life. So start using our tips today!

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