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Australian home owners love a renovation. Television shows, Pinterest pages, hardware stores and before and after blogs. The global pandemic has done little to curb our renovation infatuation – in fact it’s added fuel to the home facelift fire.
According to data from the Australian Bureau of Statistics, we love renovating our homes so much that home renovation-related lending in February was up a massive 52.9 per cent compared with the same time last year. It is estimated that this spike in renovation activity is likely to continue throughout 2021.
For homeowners, the idea that they can transform their current residence into their dream home is a lure many can't resist. But for the residential building community, renovating a client’s home can come with its own set of challenges. Not just working within the confines of the existing space, the homeowners often underfoot, but high expectations coupled with tight budgets.
One of the biggest hurdles on these types of projects is ensuring the client's finance is in order, and getting paid is problem-free when the job is complete.
For more information on how Handypay can work for you and your clients go to: Handypay
Brand promotion: This article was compiled with contributions from Handypay