To boost the economy and the construction industry in particular, this year, the Government is offering a renovation grant of up to $25,000 that those embarking on home renovations could be entitled to!
If you’ve been thinking of extending, raising or doing a full home renovation -with the announcement of this $25,000 Government renovation grant, combined with interest rates on loans being at their lowest ever, there has never been a better time to embark on that significant renovation you’ve been dreaming of!
Renovation grant eligibility
To be eligible for the renovation grant:
- Properties need to be worth under $1.5m before the renovation and construction must commence within three months of the contract date, between 4 June and 31 December 2020
- Upgrade values are for owner-occupiers only; not investment properties or owner-builders
- Renovations need to be valued between $150,000 and $750,000
- Your household income cannot exceed $125,000 for a single or $200,000 for a couple
- Renovation grants can be used to improve the liveability of the home; an extension, or kitchen and bathroom renovations for example, but not for additions to the property like swimming pools, tennis courts or sheds
- Licenced contractors must carry out renovations.
AMS Property Renovations have been renovating properties from Redland Bay to the Gold Coast, through to Byron Bay and Tweed.
With over 30 years of experience, if you’re embarking on a home renovation and don’t know where to start, AMS can put you on the right path to your dream home! Call us today to organise an obligation free consultation.