Looking to renovate your home?

Nobody loves to renovate more than Aussies – who doesn’t love a trip to Bunnings on the weekend?

Have you been dreaming of updating your kitchen or bathroom, knocking down a few walls to create that open plan feel you’ve always wanted, landscaping, putting in a pool for the kids, new flooring, or a new alfresco area for summer BBQ’s?

Renovating is a proven method of adding long term value to your property, whilst also bringing your old home back to life without the costs of selling and buying a new house (agent fees and stamp duty are a killer!).

With the astounding increase in Australian property prices over the last few years, we all have access to equity in our home that we can use to bring these renovation dreams to life. But it’s important to note that not all banks are willing to lend you extra money for renovations, or certain types of renovations.

At Education Home Loans, we know which of the 32 partner lenders are happy to lend for renovations – and which ones to avoid.

Most our our clients seeking funds for renovations also take the opportunity to shop around for a better home loan deal, and often find that even with the extra money they have borrowed for the renovations, their repayments are actually lower because we’ve been able to negotiate a better interest rate for them with a new bank – and sometimes nice little cashback bonus to put towards the renovation.

So whether you are after $5,000 for new carpet or $500,000 for the renovation you’ve always wanted, we know all the tricks.