One of the major decisions of home or investment property ownership is the decision to renovate or relocate.
- Move somewhere new?
- Renovate your existing property?
The choice of what is best comes down to your lifestyle situation and financial situation. Pink Finance consultants can show you your options and help you decide.
I choose to Renovate
A change is as good as a holiday! Given the costs associated with relocating, renovating may be more economical option for you. Home improvements and renovations are becoming increasingly popular for this reason – to avoid those extra fees and costs.
Pink Finance can help you obtain the finance for your renovation.
Are your renovations extensive or minor? It matters
If the renovations are extensive, such as adding a new level to your property, you may need to obtain a Construction Loan.
If the renovations are minor, such as adding a pool, pergola, kitchen or bathroom, you may need an additional loan or line of credit.
The loan options and structures will be based on:
- Your current position
- The equity you have in your current home
- The end value of your home after the renovations are complete.
Your Pink Finance Consultant will be able to discuss which loan options are suited for you.
Costs associated with your renovation
Apart from the actual construction itself, additional costs that may apply include:
- Architect Services such as plans, if the renovation is extensive
- A Fixed Price Contract from your Builder
- Council Approval
- Construction Loan Costs
- Property Valuations
I choose to Relocate
Congratulations, you’re moving to new and greener pastures! This is an exciting time. Let’s prepare this transition so you can have a stress-free process.
If you’re relocating, ideally you would have sold your home first.
TIP: Try to arrange a longer settlement term on your current property so you have enough time to find your next property. This way, you’ll know what funds you have for your relocation.
When you haven’t sold your home before your move…
If a longer settlement term is not available, Bridging Finance may be an option.
Visit our Toolbox to learn more about Bridging Finance.
If Bridging Finance is not an option, Pink Finance consultants can guide you through alternatives that can help you relocate successfully.
Stuck in limbo? Try renting
If you have sold your property and have not found another one to move into, a short term strategy is to rent. Renting can buy you time to find a property that is perfect for you.
Costs associated with your relocation
In addition to the costs associated with your purchase, there are additional costs associated with relocating such as:
- Agents Fees
- Peak Debt (Bridging Finance)
- End Debt (The calculated debt you will have at the end of the bridging period)
Pink Finance will check your situation to make sure you have enough deposit to cover all the costs.
Thank you so much to Nicole and the team for my recent loan refinance. The professionalism, communication and efficiency from start to finish throughout the process was exceptional. The customers’ needs are always their top priority and it’s great to have extra money in your pocket each month! I have no hesitation in recommending Pink Finance amazing services and know many others that say the same.
So grateful for Nicole and her team. They were so amazing from the start to end. We were able to change our loan and start achieving our goals thanks to the exceptional service from Pink Finance. Always so accommodating. Best broker we have ever dealt with. Thank you.
It was our pleasure dealing with Nicole Cannon when we decided to refinance our home loan. Her professionalism and knowledge made the process a lot easier. Her dedication and prompt service really separates her from the rest.
We would not hesitate to recommend Pink Finance to anyone looking for a professional tailored service.
We will definitely utilise the service of Pink Finance for our next investment.
You provide emotional as well as transactional support which is appreciated given the stress typically associated with property purchasing!
Nicole and her team were absolutely wonderful to partner with for our home refinancing and purchase of investment properties. We are delighted with the outcome, but in fact also enjoyed the whole process thanks to the team at Pink Finance. Will be recommending them to all our friends and family.
Fantastic service and knowledge. Excellent.
Nicole is a consummate professional in every way. She responded to our urgent query with great speed and if it wasn’t for her assistance we would never have been able to move fast enough to buy our home. Her expertise helped us navigate a complex market quickly to identify the right lender for us. From start to finish she made the whole process as pain-free as possible. She’s just awesome to work with and we are ever grateful to her for helping us secure our home.
Your professional and expert knowledge in your field has been a fantastic resource for new clients. The ladies have a great understanding and ability to convey this information to clients. I have put my trust in them and have always been reassured that they would help me through this process the whole way. A supportive and encouraging team and I would highly recommend to all people considering their service.
A very professional and courteous service with information constantly being updated. I would highly recommend this Nicole Cannon to anyone.
Nicole Cannon is the best broker I have ever worked with and I have used many other brokers over the years. She took the time to understand my needs and has a very proactive and pragmatic approach to sniffing out the best deal. Nicole also has an impressive network and her knowledge of the industry is second to none. Not only will I recommend her to all my friends, I shall be using her again and encourage others who read this to use her as well!
I have two small children and my wife and I are both working, so our time is extremely tight and finding time to do anything during normal business hours is almost impossible. Nicole was always not only completely accommodating of our schedule and able to meet us after hours at short notice, she always did so with a big smile and a friendly manner.
As well as being friendly and easy to deal with, Nicole really knows her game. She was well schooled in the best deals in the market each time we met her and did whatever it took to get us the best home loan overall. I’ve been unimpressed by other mortgage brokers in the past, so had done my homework though other lenders and could never beat the deals that Nicole was not only bringing to me but doing all of the hard work in getting the applications completed. I would recommend Nicole to anyone. 10/10.
Very fluent service and understanding what I need! I was thoroughly impressed by Nicole’s attention to detail and a focus on exactly what I required.
Nicole was very professional and yet approachable. She organised my daughter and her partner’s first home loan. She did a great job, and graciously answered myriads of questions. Nicole made the process simple and took the stress out of loan hunting for them, allowing them to concentrate on finding a home. She then juggled the refinancing of multiple loans for us which enabled us to act as guarantor for our daughter. Nicole suggested amalgamating our loans with the same provider as my daughter and also guided us through the sale of an investment property. Unexpectedly, Nicole managed to save us a lot of money on our own mortgages as well.. an added bonus! We highly recommend Nicole, and have already passed on her name to friends and colleagues.