Build or renovate?
Considering whether to renovate or build a new home is a big decision. Weighing up the pros and cons is a good place to start.
Weighing up new versus renovate.
Need more space, looking to add value or considering a new project? Before you decide whether to renovate your existing home or build a new one, here are some factors to consider when working out the right approach for you.
Pros and cons of building a new home
Advantages | Considerations |
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Pros and cons of renovating
Advantages | Considerations |
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Westpac Warm Up loan.
Get up to $10,000 interest free for five years to invest in making your home warmer, dryer and more energy efficient¹.
Learn moreGet in touch.
Meet with an expert
Our Mobile Mortgage Managers can come to you, when it suits you best.
Things you should know.
1 A professional installer must fit the Warm Home Essentials. If you apply for a Westpac Warm Up loan, you'll need to show an installer's quote or invoice that is no more than 30 days old.
2 Conditional approval requires a credit check and confirmation of the details provided in your application. Other conditions may also apply depending on the nature of your application.
Westpac's home loan lending criteria and terms and conditions apply. An establishment charge may apply. A low equity margin may apply. An additional fee or higher interest rate may apply to home loans if the application is accepted but does not meet the standard lending criteria.