Home renovations in Australia can be overwhelming for many property owners because of many reasons. Not only is it an incredibly time-consuming process, but it is also costly, which means it can put a big dent in your pocket that you read about easily on blogs.
But like it’s said that emergency occurs when least expected, there are some home renovation projects that you can’t simply put off? This is when renovation finance can be your best bet. It allows you to quickly take out a loan for any renovation you may need around the house.
It is a good way to fund your home renovation project right away, especially when it is urgent. Read on to learn the top 3 reasons when a home renovation is absolutely necessary.
Harsh weather elements like heavy downpours of rain, snowfall, and soaring temperatures, can take a toll on your home. All this can result in issues like a damaged or leaking roof and cracks in the foundation. These are some problems that must be addressed right away to keep your family safe and your property in top shape.
Sky-Rocketing Energy Bills
If your energy bills are soaring every month, then it may be high time to consider some energy efficient home renovations around the house. Sky-rocketing energy bills could be because of the waste from drafts, outdated HVAC systems or air leaks.
Energy-efficient windows, a heat pump, and added insulation are some of the many renovations you can consider to lower your energy cost. Here’s how:
Drafts and holes in ducts in your home can result in air leaks which can waste your money on energy bills. However, lowering drafts in and around your home with energy-efficient windows can result in potential energy savings ranging from 5 percent to 30 percent annually. Moreover, your home will become more comfortable too.
Also, when you add insulation to the crawl space, attic and basement in conjunction with air sealing, it can help keep your home cool in summers and warm in winters. This can also have a significant impact on your energy bill.
Sell Your Home
When you’re planning to sell your home, you want to get the best asking price. However, some renovations around the house are needed to instantly increase your curb’s appeal and value. Kitchen and bathroom renovation along with installing the best slidings can make a huge difference and boost your property’s value by nearly 50 percent.
However, even if you don’t have a big budget to carry out a massive transformation, you can take out a loan and make small improvements in your kitchen, such as changing the cabinets and countertops. Other home renovations that you can consider to boost your home’s value are:
- A fresh coat of paint
- Fixing cosmetic problems
- Installing new energy-efficient windows, and doors
A full home renovation project can be overwhelming if you are tight on budget. However, if you carry out renovations strategically, you can easily achieve your targets and keep the value of your property intact. So, get started by prioritizing your renovations.
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