If you’re thinking of tackling a few home improvement projects, a home renovation loan might be for you.

As a homeowner, renovations such as repainting or transforming unused garden space into an outdoor entertainment area can go a long way towards increasing the value of your home. Replacing old, worn out flooring or updating kitchen cabinetry can make your home more stylish and comfortable. Or an additional room, or making two rooms out of one, can provide the extra space needed for a growing family, saving the hassle and expense of moving.

Whatever your reason for renovating is, the cost of the project will be one of the main factors in making your plans a reality. No matter how well you plan your budget, a renovation job can come with a few surprises along the way. You may find that your initial quote was too low and that you need to rethink your budget. Having a buffer in case things don’t go according to plan can help to safeguard your wallet. A loan can provide that buffer and even allow you a bit of extra freedom to create a home that is truly your own.

As with any financing option, it is important that you consider how much you can afford to borrow and whether the renovations will add value to your property. It can be easy to get carried away with home improvements and you may run the risk of over-capitalising, that is, spending more than you can recoup when it comes time to sell your property.

An EasyPlan Mortgage Broker will help you find the right financing option to help transform your house into a home, while staying within your budget. Over the last 30 years, we have developed strong relationships with leading banks and lending institutions. These relationships help us find the right type of personal loan to suit our clients’ individual needs and financial situation.

When you work with an EasyPlan Mortgage Broker you can be confident that we are working hard to find a home renovation loan that offers you the best value for money. When it comes to personal loans, there are hundreds of products available and our team thoroughly researches the options available from our lending partners to find the right one for you.

We will help you make important decisions regarding fixed and variable rates and secured and unsecured loan options. Monthly charges, payment terms and early exit fees are just some of the other features that our team will help you to consider.

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