Bridgit Blueprint: Funding cosmetic renovations with bridging finance

How bridging can help your clients fund cosmetic renovations 

Welcome to the Bridgit Blueprint, your monthly dose of practical tools to help you tap into the power of bridging finance as a broker. 

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This month, Nikki Pelizzoni, National Sales Manager at Bridgit explores a powerful use case for bridging finance: releasing funds for cosmetic improvements. Whether your clients are buying a home that needs some TLC or want to add value through renovations prior to sale, discover how bridging can fund strategic cosmetic improvements. 

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Funding improvements with bridging finance

Sometimes, all it takes is a fresh lick of paint to get a property looking its best.

If your clients are preparing their property for sale, they want to do everything they can to maximise their return. With a few tweaks and cosmetic improvements, it’s possible to boost its appeal to potential buyers.

But did you know that bridging finance can be used to fund these small, non-structural improvements? 

With Bridgit, clients can tap into their home’s equity to spruce up their property. 

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Here’s how it works:

• Funds can be released for reasonable, cosmetic renovations that are non-structure in nature
• The 12-month loan terms include six months to renovate and a further six months to sell the home
• Best of all, they won’t need to make any repayments during this period—giving clients the freedom to focus on maximizing the property’s value without added financial pressure.

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Remember - clients need to have their future living arrangements post-sale sorted, ensuring this is declared and verified at the time of application 

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How bridging helps homeowners add value with cosmetic renovations 

Bring your clients on the journey by explaining how bridging finance can benefit them:

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• Maximise your home’s return on investment: Gain access to the funds you need to increase your home’s value prior to sale.
  
• Put your best foot forward: Plus, these funds can be used to style and stage your home when you’re putting it on the market, helping to make a positive first impression on potential buyers.
• Focus on preparing your home for sale: No monthly requirements are required during the loan term, easing financial strain during the selling process.

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With Bridgit, you can support your clients at a moment’s notice, too. Apply online in minutes and secure approval in 24 hours to get your clients moving sooner. 

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Want to learn more?

Schedule a call with our team to learn more about bridging finance today.