Are you thinking to move away from you old home?? Are you bored of it?? If your answer to these questions is yes, then why not go for the renovation of your house. Most people are apprehensive about renovating their house due to the investments involved in it. But, the solution is here. Opt for the Renovation Loan and enjoy the many benefits, you will get after renovating your house.

Why Go For Renovation??

• Renovating your old house is a cost effective option as compared to buying selling it and buying another. You can save on the many costs involved in the buying and selling of home such as legal fees, stamp duty and agentâEUR(TM)s fees & invest it on the renovation of your old house.


• Renovating your house will boost up the cost of your property. Yes, a well-executed renovation can completely change the look of the house and improve its market value. The increase in the cost of your property can be equal to or more than the renovation costs.


• If you are planning to sell your house, then renovating it is a good way of increasing its market value. Renovating to sell is a very good option but yes; make that renovation in keeping with the contemporary tastes.

Now, if you have decided to give your house a makeover then, you must make an estimation of the approximate costs. After that you will require to apply for a Renovation Loan. Applying for the Renovation Loan will need some important documents which are listed sown below.

Renovation Loan Documents:

• To know your financial stability, the lender will require all the documents related to your bank transactions such as Bank statements, cheques, savings, etc. Even, you will have to provide your credit card statements.


• You will also require submitting documents about you past tax returns. You should be clear of any financial debt. You will also require to submit your retirement account statement if any.


• Firstly, avoid any big withdrawal or debts before taking Construction Loan. And if you take any then, give a statement as an explanation for the transaction.

alphaLEND is a trusted commercial and Home Loan Adviser in Australia. It has a team of expert loan specialists that offers guidance to clients regarding profitable home loan deals and other loan products such as Investment Loans, Home Deposit Loans, Personal & Car Loans, Construction & Development loan, etc. It also provides excellent Loan Protection Plans In Australia. For more details or to avail its services, you can log on to http://www.alphalend.com.au