Would you like to renovate your home?
As your family grows you may want to renovate to create more space. Or you may decide renovating is a better option for you than moving house at this stage in your life.
What you need to know
Renovating can be expensive but there are a number of things you do to help you fund the changes you want to make to your home:
- If you've been making additional repayments on your home loan above your required repayment amount, you may be able to withdraw that money and use it to fund your renovations
- You may be able to find a more competitive home loan. By reducing your interest rates you can save more money towards your renovations
- Get a good understanding of how much you will need to carry out your renovations and make sure you include a buffer for cost overruns
An adviser can discuss the options available when you're considering renovating your home.