Renovate my home
You're planning to renovate your home.
The extent of your renovation is likely to depend on the amount you can afford. Whether borrowing or using savings, sort out your budget right up front and confirm how your renovation will be financed.
Calculate how much you can borrow, including all expenses of a home loan, such as:
- interest rates
- pre-purchase inspections
- legal, application, valuation and settlement fees.
You will also need to answer questions like:
- Will you have to pay mortgage insurance?
- Have you accounted for all transaction costs (legal, inspections, government charges, financial costs, moving costs)?