FINANCE FOR HOME REOVATIONS

It is essential that you budget properly for a home renovation, allow for all costs and then a little extra.

Finance options are usually restricted to adding the cost of the renovation to an existing of new home loan.

Remember.
If you are about to start a renovation, and you have a home loan you must inform your bank.
You may be required to increase insurance cover
A personal loan might be easier, but it may be more expensive.
Consider the extra time it may add to the home loan.
Consider the cost of extra repayments and the possible increase in loan rates.