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Fix it and flip it… or make it home

Many people are buying investment properties and homes that are run down and in need of some TLC. With reality TV shows and DIY suppliers on the rise some investors are making a pretty profit at the end of their hard day at work. An investment loan or refinancing your current mortgage can make your wealth creation strategy come to life!

Renovations are always challenging; may it be on your own home or an investment property. You may need a loan for Structural renovations such as:

  • Replace electrical wiring
  • Removal/replace exterior or interior supporting walls
  • Replace plumbing
  • Replace foundations
  • Putting in a decking

And/or cosmetic renovations

  • Installing a new kitchen, bathroom & flooring
  • Painting the house
  •  Rendering
  • Tiling

If you are a home owner and have bought a ‘Renovator’s dream’ it may take some time before you do renovations. Often people will build up enough equity in their home before considering refinancing. You’ll need to work out your project costs; it may be as simple as adding a coat of Princess Bling to your walls or an entirely different floor plan.

Alternatively, you may want to renovate an investment property and put your skills to work for the sole purpose of profit. Make sure you do your research and know your real estate market. Specifically find out what an un-renovated house is selling for and what a renovated house is selling for in the same area. Do your sums well and take into consideration the amount of time the project will take you.

Australians are spending millions of dollars renovating their properties; take advantage of low interest rates and rising house prices today.

For investment loans or refinancing your mortgage: contact DFG Wealth (03) 5976 8426

Secure your financial future today!