Looking to move or upgrade?

 

Upgrading can mean different things to different people and it's important to know all your options when you are thinking of changing things up with your current property. 

Upgrading your current home

You love your location, possibly your neighbours, it's a great suburb but your house just isn't working for you and your family, or current situation, anymore. It's time to upgrade. There are a couple of options when thinking about making changes:

1. Minor Renovations - anything non-structural is counted as a minor renovation. Maybe your backyard just isn't working for you and your family, your kitchen might be due for a timely upgrade or maybe new carpet and flooring is needed throughout your home. 
   
   
2. Structual (Major) Renovations - if more space is on the agenda or a major internal shakeup to the floor plan is required then you are looking at major renovations.

If you are thinking of making changes to your home, make sure you are getting multiple quotes to compare prices and quality of work. You're probably thinking about money. Again there are a couple of ways you can go about accessing money to be able to finance your renovations, depending on your individual circumstances and how to structure it the best way for you. These can include:

• Equity release - drawing the equity out of your current home loan
• Refinancing with cash out - refinancing to bump up your home loan to access funds
• Using cash you already have saved

Buying a new home

If you've decided that your home just doesn't work for you and the investment or work required to make your home work for you is too much, you might be thinking about buying a new home.
So what happens with your current home? Depending on your circumstances there are several options:

1. Sell your home and buy a new one
2. Buy a new home and then sell your current home
3. Convert your current home to invesment and purchase a new home

You might be surprised at how much equity you have built up in your current home and even how much you are then able to borrow. If you are thinking about buying a new home, it's worthwhile having a chat to see what options are available to you. 

How we can help you

Our team will review your individual circumstances and will tailor the approach to your home loan to match. We can provide you with information, guidance and provide you with industry contacts to help you get where you want to be. 

 

Ready to take the first step towards a financially fantastic future?

  07 3366 8604

🏠 Unit 3/229 Waterworks Rd, Ashgrove QLD

Book an Appointment with the Team