5 Grand-Rue, Beaufort, 6310, Grand Duchy of Luxembourg

Barn in Beaufort with Garage and Common Space - €250,000 A unique opportunity in Beaufort, for a total price of only €250,000! Main features: Total area: Includes a garage and common space, with total transformation potential. Transformation project: Possibility to convert the barn into 1 to 2 apartments, offering excellent investment potential. Benefits of the area: Located in a peaceful and green neighborhood, the property benefits from proximity to local amenities, including shops, schools, and leisure areas. To finance a barn transformation project into apartments costing an estimated €250,000, you may consider several banking financing options: Mortgage loan with work extension: It is possible to finance the purchase of the barn and work within the same mortgage loan. Depending on the total amount (purchase + work), the bank may offer advantageous conditions, including a competitive interest rate. In this case, an estimate of the work costs will need to be provided, often with quotes from contractors. Complementary work loan: If the mortgage loan is already in place for part of the acquisition, a specific work loan for €250,000 could complete the financing. This option is sometimes associated with a fixed rate, allowing repayment of the work over a shorter term. Zero-interest loan (PTZ) or other local grants: Depending on the region and the conditions of the project, aids such as the PTZ or local grants for renovation may be available. They vary according to criteria related to energy, insulation, or the status of primary residence or rental investment. Mortgage financing arrangement or interest-only loan: For investment projects, some banks offer an interest-only loan (where only the interest is repaid monthly, with the capital paid at the end of the loan) or a more flexible mortgage loan, especially if you have other properties to use as collateral. Estimation of monthly costs: For a total financing of €250,000, the monthly repayment will depend on the term and interest rate. For example, with a rate of 3.5% over 20 years, the monthly cost would be around €1,450 for the work. It is recommended to consult a broker to accurately assess the options based on your situation and negotiate the best conditions. For more information or to visit, do not hesitate to contact JP Home Sarl via WhatsApp at +352 691700076 or by email at click here