Home Improvements

Quite often an alternative to selling, or to build again or to purchase a recently structured home, is to renovate.


There are lenders who will and there are lenders who will not consider as part of a proposal the following:


  • The purchasing of a residential property;

  • A request for additional funds to carry-out improvements prior to occupation or on occupation; and 

  • The market value by the lender’s registered valuer to include the home improvements as-if completed.

To take-out the heart ache of establishing which of the better lenders who will consider the above scenario is to make an appointment with us.


Lenders will mainly consider a well thought-out proposal which includes plans, specifications and costings. You have spoken with suppliers, licensed tradesmen and obtained written quotes.


CARE: Proposals where there are structural changes are treated differently to those requiring no structural change.


Check with your local council or certifier whether your proposal requires their involvement and if so, what are their requirements.


The lender and we will also form an opinion as protection for ourselves.




One of the biggest issues with home renovations is the cost of the improvements exceeding any increase in the market value of the property.

Glenn N Gough, DipFMBM, MFAA (CA), MIPA, C.dec, is a credit representative 390993 of BLSSA Pty Ltd, ACN 117 651 760 (Australian Licence 391237)

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