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Renovating finance

How to finance your home renovation

Planning to renovate

Here are some simple planning guides to get your home renovating project off on the right foot.

Set a realistic budget. You can do this in 3 simple steps.

• Take a look at what sells in your area, this will help guide your plans. It is worth looking around the area even if you have no plans to sell your house.
• Put your renovation plan together and cost it.
• Add a 20% contingency, and then stick to this limit.

Renovating sounds good. How do I finance it?

To finance a renovation you could refinance your mortgage and increase your loan to pay for the renovating. Once you've done that you'll have the finance you need to turn your existing home into the dream home you've always wanted. And you can stop worrying about where you'll get the money from. For more information, speak with a Home Loan Specialist from ING DIRECT on how you could renovate and achieve your dream.

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