Are your renovations extensive or minor?
If the renovations are extensive, such as adding a new level to your property, you may need to obtain a Construction Loan.
If the renovations are minor, such as adding a pool, pergola, kitchen or bathroom, you may need an additional loan on your existing loan or take out a personal loan.
The loan options and structures will be based on:
- Your current position
- The equity you have in your current home
- The end value of your home after the renovations are complete.
Costs associated with your renovation
Apart from the actual construction itself, additional costs that may apply include:
- Architect Services such as plans, if the renovation is extensive
- A Fixed Price Contract from your Builder
- Council Approval
- Construction Loan Costs
- Property Valuations
Your Sage Loan Services Consultant will be able to discuss which loan options are suited for you.
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What Our Clients Say
I was referred to Katrina at Sage to discuss financial options for purchasing an investment property. After experiencing Katrina's professional and customer friendly service, I am happily willing to highly recommend this business to anyone seeking financial assistance. Being a first time investor, Katrina and the staff at Sage provided all the information and requirements to meet my needs together with exceptional support which I just cannot thank them enough for. Katrina, your work ethic is impeccable and efficient. Thank you so much for organising everything, and especially to fit within a short settlement timeframe. Truly an excellent experience.