Renovate or Relocate
As times change, so does the ‘dream’ home.
As you grow, your needs, preferences, and situations change. The question many homeowners face is, ‘renovate or relocate’. The decision is not easy and requires careful consideration and research. Use our resources below to help you make an informed decision.
Is renovating the best option for you?
If you love your property’s location, and there is existing room for you to renovate this may be an option for you. Renovating is equally valuable if your suburb is experiencing capital growth. This indicates the high demand to live there.
Therefore, it may be cheaper to renovate than it would be to sell and repurchase in the area. Instead of a new mortgage for a new home, you may be able to use your home equity to obtain a construction loan or a small mortgage to fund the renovation.
Use the Avant Property Report# generator provided by CoreLogic to learn about your suburb’s growth and property insights. Learn what finance solutions are available to you by scheduling a call with an Avant finance specialist today.
Is relocating the best option for you?
Relocating, particularly for growing families, could be a suitable option if there is no time, no space, or it is too expensive to build your ideal home. Additionally, if your current suburb’s features and demographics do not suit your lifestyle, buying elsewhere is worth considering.
Learn about suburbs’ growth, demographics and facilities through an Avant Property Report# provided by CoreLogic and speak with a property specialist to determine your borrowing capacity and obtain pre-approval.
What is behind the door?
Avant Financial Services has partnered with CoreLogic to provide property reports free of charge#. The reports contain data used by real estate agents and banks and help you gain insight into:
• Property’s estimated sale value
• Suburb price growth
• Demographics
• School catchment zones
• Comparable properties on the market, including data on recently sold properties.
This information can help you weigh up the benefits of renovating or relocating homes.
Is renovating the best option for you?
If you love your property’s location, and there is existing room for you to renovate this may be an option for you. Renovating is equally valuable if your suburb is experiencing capital growth. This indicates the high demand to live there.
Therefore, it may be cheaper to renovate than it would be to sell and repurchase in the area. Instead of a new mortgage for a new home, you may be able to use your home equity to obtain a construction loan or a small mortgage to fund the renovation.
Use the Avant Property Report# generator provided by CoreLogic to learn about your suburb’s growth and property insights. Learn what finance solutions are available to you by scheduling a call with an Avant finance specialist today.
Is relocating the best option for you?
Relocating, particularly for growing families, could be a suitable option if there is no time, no space, or it is too expensive to build your ideal home. Additionally, if your current suburb’s features and demographics do not suit your lifestyle, buying elsewhere is worth considering.
Learn about suburbs’ growth, demographics and facilities through an Avant Property Report# provided by CoreLogic and speak with a property specialist to determine your borrowing capacity and obtain pre-approval.
What is behind the door?
Avant Financial Services has partnered with CoreLogic to provide property reports free of charge#. The reports contain data used by real estate agents and banks and help you gain insight into:
• Property’s estimated sale value
• Suburb price growth
• Demographics
• School catchment zones
• Comparable properties on the market, including data on recently sold properties.
This information can help you weigh up the benefits of renovating or relocating homes.
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Frequently Asked Questions
Some of the benefits of a Home Renovation Loan are:
• Flexible repayment options
• Flexible access to funds
• Competitive interest rates
• Quick and fast approvals.
The funds are available for almost any service, including:
• House maintenance
• Remodelling
• Painting
• New flooring
• Internal repairs
• External repairs.
Construction loans are approved specifically for your large renovation or build. You access those funds as progress payments instead of one lump sum.
For example, the bank may approve $500,000 for the construction, but these funds will be paid via drawdowns according to the progress payment schedule. They will not be made available all at once as they are in a renovation loan.
No, Avant property reports are free of charge. To obtain a property report, simply provide your details on the relevant form and then you will be emailed the requested information.
No, you can request as many property reports as required.
The authors behind the property reports are Core Logic. They are Australia’s leading provider of the very latest, accurate and powerful property insights and analytics.
Some of the benefits of a Home Renovation Loan are:
• Flexible repayment options
• Flexible access to funds
• Competitive interest rates
• Quick and fast approvals.
The funds are available for almost any service, including:
• House maintenance
• Remodelling
• Painting
• New flooring
• Internal repairs
• External repairs.
Construction loans are approved specifically for your large renovation or build. You access those funds as progress payments instead of one lump sum.
For example, the bank may approve $500,000 for the construction, but these funds will be paid via drawdowns according to the progress payment schedule. They will not be made available all at once as they are in a renovation loan.
No, Avant property reports are free of charge. To obtain a property report, simply provide your details on the relevant form and then you will be emailed the requested information.
No, you can request as many property reports as required.
The authors behind the property reports are Core Logic. They are Australia’s leading provider of the very latest, accurate and powerful property insights and analytics.
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