Are planning to make a profit by doing a DIY property project? This is a must-read article from Domain for you. It’s called The Block 2019: How to Renovate an Uninhabitable House.
Here’s an insightful excerpt:
With a contract builder in place, you may be able to borrow up to 95 per cent of the purchase price plus the cost of the renovations. Licensed builders are required to carry home warranty insurance which reduces the bank’s level of risk.
There are other perspectives here that piqued our interest. Do check them all out at the link below…