Thinking about Renovating but not sure where to start? The Silk Design Team is happy to help you...

Welcome to The Affordable Builder - Silk Design Construct Blog

Thinking about Renovating but don’t know where to Start? 

Have you checked lately how is the market prices and if you have equity on your property? 

Did you know that in the Sunshine Coast, particularly in Noosa area, prices have increased approx 20% in the last 2 years!?

Have you thought about renovating for a profit? 

You may have access to some equity in your home if you have taken out a loan and have been paying it off for some time.

So what is equity, how do you unlock it to Renovate your home 

Explained simply, Equity is the difference between the value of your property (usually market value) and the amount that is owed on it.

For example:
House worth as per Market value $1,000,000.

However the bank allows you to borrow 80% of the house value giving you $800,000
Less your existing mortgage: $500,000
Equity total = $300,000

So, financially and theoretically speaking, you have $300,000 to spend on your House renovation, which if you use Silk Design & Construct will take you a very long way.

To Unlock your Equity you need to contact your bank representative (where you have the mortgage) and ask for a Valuation and follow the process.
We can also recommend you a Broker that will guide you on this process and make everything smooth and easy.