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.
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- File type : Pdf
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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
¹Aussie awarded Mortgage Broker of the Year in 2008, 2009, 2010, 2011 & 2012 by AB+F Magazine.