Renovating Guide

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In this guide:

• Good reasons to renovate
  

  Each year thousands of Australian home owners undertake successful renovation projects. Thinking about what you want from your renovations will ensure the end result meets your goals.

• The main costs – design, materials, labour
  

  Knowing the sorts of expenses involved in a home renovation is essential for drafting a realistic budget.

• Additional costs to consider
  

  There are plenty of smaller costs involved in a home renovation – be sure to include these in your budget.

• Is DIY for you?
  

  Taking a do-it-yourself approach to home renovations has the potential to save on labour costs but there are also plenty of downsides.

• The dangers of overcapitalising
  

  The biggest risk many renovators face is overcapitalising. This occurs when the cost of your renovations exceed the market value they add to the property

• Financing your renovation
  

  Planning how you will renovate your home is the fun part of a home improvement. But determining how you will pay for it all is just as important.

• Preparing your paperwork
  

  Funding is the engine room of your renovation project, and taking some time with your application for credit will improve your chances of approval so that the funds are available when they're needed.

• Questions to ask your lender
  

  Before you sign any loan contract, you should be really clear on what the loan will cost and what features are included. Here are some questions to ask your broker or lender before you pick up a pen.

• Ten top renovating tips