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Renovating Guide

Renovating Guide

Everything you need to know about renovating your home

Home renovations can improve your lifestyle, add to your home’s value and provide an enormous sense of satisfaction.

But there are also plenty of pitfalls to avoid in the renovation process.

Download the Renovating Guide now!

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  • File type : Pdf
  • File size : 2.6 Mb

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
¹Aussie awarded Mortgage Broker of the Year in 2008, 2009, 2010, 2011, 2012, 2013 & 2014 by AB+F Magazine.

## Rates valid as of 08/10/13 and are subject to change or we may introduce new ones in the future. Approved customers only. All applications are subject to lending and approval criteria. Terms, conditions, fees and charges apply. Interest rate offered will depend on our assessment criteria.

** The comparison rate is based on an unsecured personal loan of $30,000 over 5 yrs. WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. Any information is general and not based on any consideration of your objectives, financial situation or needs.

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*E.g. Aussie Select Basic Variable Rate has an interest rate of 4.64% p.a. with a comparison rate of 4.65% p.a., which is available with a loan to valuation ratio of less than or equal to 80% and borrowings from $1,000,000. Based on a loan size of $300,000, the interest rate is 4.84% p.a. with a comparison rate of 4.85% p.a., which is available with a loan to valuation ratio of less than or equal to 80% and borrowings less than $500,000. Applications are subject to approval. Conditions, fees and charges apply. Rates are correct as at 03/09/14 but subject to change. Please check the applicable rates are still correct with your Aussie Mortgage Broker. Comparison rates above are based on a home loan of $150,000 for 25 years. WARNING: These comparison rates are true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in different comparison rates. If you have any questions call 1300 44 55 66 and talk to an expert Aussie Mortgage Broker. For Aussie Select Products credit services are provided by AHL Investments Pty Ltd ACN 105 265 861, (Aussie) Australian Credit Licence 246786 and its appointed credit representatives. Credit is provided by Residential Mortgage Group Pty Ltd ACN 152 378 133, Australian Credit Licence 414133.

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