In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Non-structural renovations
Borrowers may be able to avoid taking out a Construction Loan if their proposed improvements don't affect the supporting structure of the dwelling, this is considered a non-structural renovation. This distinction is important because changes that impact the structural integrity of the property often require a specialized loan like a Construction Loan.
If the improvements are cosmetic or non-structural in nature, such as painting, flooring, kitchen upgrades, or bathroom renovations, borrowers may be able to finance these projects through other types of loans. These loans use the equity in the home as collateral and may have more straightforward application processes than construction.
Non-structural components of a building are things that don’t support the structure. Examples of these are walls made out of timber, Gyprock or bricks, cladding, doors, flooring, windows and other finishing materials.
Learn MoreNon-structural items include things like doors, cabinet sets, flooring, trim, windows and other finishing materials.
In contrast, structural components of a building make it stable and include load-bearing walls.
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