You’ve decided to buckle up your tool belt and embark on home renovations. Perhaps you’re planning to upgrade your kitchen? Or finally squeeze in that extra bathroom for the kids? Whether it’s a small upgrade, a big extension, or you're returning a property to its former glory, home renovations can make your space more comfortable today and pay off financially in the future.
At RACQ Bank, we’re here to help you reach your property dreams sooner with our flexible home renovation loan options. Read our simple, three-step guide to financing your home renovation so you know exactly what to expect before you pick up the tools.
No matter the scale of your home renovation, it’s always worth planning your project first. Know what you want to achieve with your home renovation to get an accurate idea of your budget.
Consider the following questions before you embark on your project to be prepared from the get-go:
Whichever way you’re planning on funding your renovation, it’s a great idea to work out the figures so you know you’ll stick to budget, know what you’ll pay if you increase your mortgage, and get an idea of what your home could be worth in the future. Try out our online calculators and get your results in under 60 seconds.
Depending on your financial situation, there are several options available to help you fund your home renovation. Our guide to financing your home renovation provides some great tips to help you out, with some finance options including:
Need help or would like to know more? RACQ Bank offers many convenient ways for you to get in touch with us.
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