Renovations

Renovations
Discover the added value of a knowledgeable broker when renovating your home

Renovating your home can be an exciting, fun experience and can add great value to your property.

However, without proper planning and budgeting, renovating can be a stressful costly experience.

Whether it’s the addition of another bedroom for your growing family, getting that dream swimming pool you’ve always wanted or simply an updated kitchen, its important that you are well aware of your total costs and budget accordingly.

Take the time to prepare a budget, and as a guide, always allow an extra 10 – 20% to cover any unexpected costs.

Seeking funds for your renovation in advance can help you work out how much you have to spend, and assist in making key purchase decisions and ensure you can stick to your budget.

It may also allow you to complete the renovation more quickly, as you won’t have to halt progress until you can afford to continue.

There are a number of ways you can fund your renovation, depending on the size of the project and your budget.

Use the equity in your home

Depending on your current circumstances you may be able to use the equity in your property to top-up or redraw.

Top-up

If your planning renovations, topping-up your current home loan could be the simplest solution.

Saving time and paperwork, borrowing additional funds on your existing home loan without taking out a separate loan can be one of the easiest and most cost effective ways to fund your project

Refinance your home loan

Renovations are an ideal opportunity to review your current home loan and see if it still suits your needs.

Our finance brokers have access to over 30 lenders and will assess if there are other home loan solutions that best suit your current needs.

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