Builders and renovators are pretty happy at the moment after the Federal Government announced the new HomeBuilder program, which will see those eligible receive a $25,000 grant.
To qualify, a renovation must be valued between $150,000 and $750,000 with income limits for those applying sitting at $125,000 for singles and $200,000 for couples. While the value of the property can’t be more than $1.5 million.
So what are the best ways to use HomeBuilder and add some serious value in the process?
Open Up Your House
One of the best ways to add value to your current home is to do some structural renovations and that usually means removing walls.
Removing walls is a great way to convert an older style home into a more modern open plan layout.
Removing walls is an expensive process and you need to get all the associated local Government approvals which can add up.
Add a Second Bathroom
A second bathroom is a great way to not only add value but also improve the livability of a home.
Most modern-day homes come with a second bathroom or ensuite and a great cost-effective way to do this is to convert an old outdated laundry into a shiny new bathroom.
Upgrade the Kitchen
The first thing most people look at when buying a home or inspecting a rental property is the kitchen.
A modern kitchen that is well laid out and easy to use adds huge appeal to a home and can make your life a lot easier in the process.
To find out whether you’re eligible for the Home Builder Package, contact Financial Scope Melbourne on 0466 573 209 or admin@financialscope.com.au
Disclaimer: Your complete financial situation will need to be assessed before acceptance of any proposal or product.
Clint Thomasson
Clint has over 14 years experience in Financial Services working with major corporates including NAB, AMP, ANZ, and AXA. With a passion for Mortgage Broking, coupled with his outstanding interpersonal skills, Clint’s drive is all about matching your needs with the right financial solution. Whilst many businesses offer Finance Broking services, the difference you’ll find with Clint is his ability to listen, engage, retain knowledge and accurately match your requirements. Not only that, but he’s also a very friendly and genuine person with a great work ethic – you’ll have full confidence that he will deliver in a timely and highly efficient manner, every time.
