driveway finance

driveway finance

The Benefits of Driveway Finance

1. Introduction

Why not get it financed (if you do not have the funds available) so that you can pay for it over a period to suit your pocket and enjoy the benefit of a good quality floor? A floor that you can truly be proud of, a floor that you will love and enjoy. The added advantage is that you will have this floor for many years, whereas the enjoyment of a costly acquisition might be short-lived. We can also assist with any other have-to-have a service to further improve your home. Actually, you will always find a “BUT,” and our “BUT” is there to welcome you at Driveway Finance – one of South Africa’s only national homeowner contractor finance specialists, providing you with a simple solution to finance necessary construction work or home improvements on your new or existing home. Whether new home development or existing established home, our national footprint in the home improvement market is the perfect solution for your home improvements. With our national footprint, exceptional product options, and our outstanding national support structures, Driveway Finance makes easy access possible regardless of where you are located in the country. Learn about the benefits of Driveway Finance.

As South Africa’s only national homeowner contractor (HOC) provider, Driveway Finance offers you the perfect solution for your home improvements, including driveways, boundary walls, garages, carports, security, and fencing. Are you in your dream home and absolutely love everything the house has to offer, but you are still driving onto an urgent need for an absolute necessity of a decent floor beneath your newly acquired property… A floor that will make sure your haven does not become a haven for potential floods and serious water damage. But can you afford exorbitant costs that accompany an extravagant expense that extends to a reasonable expectation that will undoubtedly taint your love and enjoyment of your new acquisition?

2. Section one: Understanding Driveway Finance

Driveway finance provides a better payment plan as people use cash or debit cards to settle their purchase. The benefits of barely carrying cash are that they have purchase protection and convenience. They also help in the bookkeeping for those who spend on a budget. You are likely to overspend the budget when you have cash. When homeowners pay by debit cards, the finances are transferred on that day and not delayed.

A home with a beautiful driveway will be of interest to anyone who comes into the home and sees it, may it be a delivery guy, visiting neighbors, your family, and many more. A property with bad outdoor decoration is often viewed as the homeowner being in question. This has made homeowners consider financing driveways as a priority. A nice driveway can also be a home upgrade as 86% of homeowners claim to live in the home or building they have already upgraded for over a year. A homeowner should not hesitate to seek driveway finance when their driveways are cracked or have potholes. Read on to understand why.

Driveway finance refers to a deal that homeowners can obtain for a loan for the repair of their driveways. Getting the budget can prove to be a challenge nowadays. People are looking for a technique to get a loan in the shortest method as possible. People show a special attention in driveway finance for many grounds. It is viewed as the value of the home quickly increasing as over 50% of homeowners who sell their homes were proud of the outer appearance of their homes. As a consequence, it is seen as the perfect value to add to the home in the field of house selling. Besides having the driveway cleaned every year, 37% of homeowners work on their driveways to add value to their homes. The simple method promoted by competitive pricing has interested a lot of potential home buyers.

3. Section two: Advantages of Driveway Finance

When it comes to using quality driveway finance options, there are innumerable benefits. If you get your finance from the right institutions or financial experts, having a beautiful new driveway or providing a beautiful pavement around your home does not necessarily mean you will soon find things hard to cope with financially. This is, of course, only true if you manage things wisely and you choose the right type of finance to suit your pocket. Here are some of the key benefits of driveway finance. According to some research, unless a driveway or other surface around a house has degenerated so much that it is almost a hazard (or unless you are selling your home), it does not make sense to pay for pavements and driveways out of your pocket. There are finance options available in this case that are effective. Use this instead of dipping straight into your savings, and you will immediately reap the rewards of an attractive new surface.

When it comes to purchasing a new driveway or patio, we often get more excited thinking about the driveway finance options that will cover the costs, rather than the type of driveway that we choose! This is especially true if your current driveway has more potholes than the street, or if the pathway around your house and your driveway are a disaster area. No matter what your motivation or excitement may be, you need to think about exactly what kind of driveway you’d like. But before we get to that point, let’s consider the cost first.

4. Section three: How to Apply for Driveway Finance

If you do not have the additional funds to fork out for the driveway but you are obtaining finance, then please ensure you obtain the driveway in the build while all is approved. This is because then the construction finance will increase as to when the construction of this is finished between approval and construction. It is also useful as to when obtaining finance by refinancing after the property is partially complete. It the process time, money, and effort out of refinancing by getting this done while it is complete with the build. Now if it is done while nothing is commenced, then there will be a need to lend an additional amount for this. With private finance, the total amount you can lend will be based on your total budget. This means the more you need to lend for things such as driveway will then reduce the potential for you to lend for this in its entirety.

In this short text, we are going to talk about how you can apply for driveway finance. Gaining finance towards your driveway can be useful in many ways, from council requirements to potential equity injection on your property. The lenders are clear that the finance can be utilized to pay for council deposits, driveway labor including crushed limestone, and the respective service/s. At the same time, high ratio borrowing can be available. The benefits of driveway finance are plenty, but the general rules surrounding each one of them usually come attached with very strict conditions. Here we are going to discuss what driveway finance is, when you can use it, and why you should use it.

5. Conclusion

I would be remiss in closing if I didn’t take the time to thank the researchers, professionals, and advocates who over the years have voluntarily worked with all of us in the homeowner and democratic housing community to move the needle on this persistent and already severe financial matter of concern. It is through the scholarly and passionate work of the many researchers and professionals that we are able to present this important problem of concern. We are grateful for their labor and the learning and financial acumen of their work. This public sphere has consistently made a constant effort to truly say thank you.

We started this booklet with a primary focus on the long-term costs associated with the construction and maintenance of driveways on residential properties, particularly among low-income households. In the sections that followed, we detailed options for financing driveways in the urban gross-underwriting envelope and in community development financial institutions (CDFI). The latter carry a wealth of benefits for both homeowners and communities. Overall, we find that financing the construction of driveways can decrease the immediate financial burden on homeowners, while building wealth more simply through more stable residential property values. Moreover, CDFI can also serve as a financial resource for communities by using the financing dollar for credit enhancements, sponsorships, incentives, and as a way to increase access to other CDFI services such as free financial education, affordable and responsible products and services. With expanding the availability of CDFI financing options and increasing public attention for this critical residential problem, we also urge all stakeholders to continue taking a more active role in creating widespread progress. Thank you for taking the time to review this important problem, which certainly does not have a quick or easy solution.