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How to Fund your Renovation for Re Sale

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Do you dream of upgrading your home but feel discouraged by the steep costs of major renovations? Thinking of selling and want to maximise your resale  value? Just need to make the house more liveable for  an expanding family.

If so, consider financing your home repairs through a reputable finance broker like Find That Finance. Doing so can not only make home improvements more affordable but also increase the resale value of your property. In this blog post, we will explore the advantages of obtaining a loan for home repairs through a broker like Find That Finance and how it can ultimately improve the resale value of the property.

First and foremost, obtaining a personal loan for home renovations from a broker like Find That Finance is an excellent way to finance your home improvements.

Personal loans offer several advantages over other forms of financing, including a fixed interest rate, manageable repayment terms, and no collateral required. In fact, personal loans are becoming an increasingly popular way for Australians to pay for home repairs and renovations. According to a recent report by Finder, Australians borrowed $7.6 billion in personal loans for home improvements in 2020, up 20% from the previous year.

Furthermore, financing your home repairs can boost the resale value of your property, making your investment in your home improvements well worth it. According to the 2021 Cost vs. Value report by Remodelling Magazine, major kitchen remodels, bathroom remodels, and roof replacements all provide a high return on investment (ROI) when it comes to resale value. For example, a minor kitchen remodel costing $25,000 can provide an average ROI of 79.3%, whereas a major kitchen remodel costing $68,490 can provide an average ROI of 62.6%. This means that if you sell your home after a kitchen renovation, you can expect to recoup at least 62.6% of the cost of the renovation.

When it comes to financing your home repairs, working with a finance broker like Find That Finance can be a huge help. Find That Finance has access to multiple lenders, to find you the best possible loan terms and interest rates. They will also help you navigate the complex process of securing a personal loan, from gathering documentation to submitting your application. Moreover, brokers like Find That Finance can often provide faster access to funds than traditional lenders, which is essential when it comes to home repairs and renovations.

Using Find That Finance can save you time and money.

Another advantage of using Find That Finance is their focus on providing flexible loan solutions to suit a variety of needs. They strive to understand your unique circumstances and financial situation and work to find tailored solutions that match your needs. Whether renovating your entire home or undertaking a specific home improvement, Find That Finance can help you secure the funds needed to complete your renovation project.

• Despite the many benefits of obtaining a personal loan for home renovation through a broker like Find That Finance, there are a few potential drawbacks that should be noted.
• For one, personal loans often come with higher interest rates than secured loans, such as home equity loans or lines of credit, due to the lack of collateral.

Additionally, personal loans may come with fees and charges, such as application fees or early repayment fees. However, these fees vary depending on the lender and loan product, and an experienced broker can help you navigate these potential costs ahead of time.

In conclusion, financing your home repairs with the assistance of a reputable finance broker like Find That Finance can help make renovating your home more affordable while also increasing your property's resale value. With more Australians turning to personal loans for home renovations than ever before and major home improvements providing high returns on investment, there has never been a better time to embark on your renovation journey.

With Find That Finance's focus on providing flexible and tailored loan solutions, as well as their collaboration with multiple lenders for the best available loan terms and interest rates, you can be confident that you are getting the most value out of your renovation budget. By combining financial expertise and a commitment to quality customer service with a personal touch, Find That Finance stands out as an excellent choice for financing your home repairs and maximizing your property's resale value.

So why wait any longer?

Contact Find That Finance today to begin your journey towards a more beautiful and valuable home.

Call 1300 378 021 0r Apply/Enquire Now

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¹ vehicle running costs like registration, insurance and fuel are explicitly excluded from this example.

² All lenders have their own fee structure and very from no fees to many.

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