Baby On The Way: Consider Home Improvements Or A New Car?

03 Jul Baby On The Way: Consider Home Improvements Or A New Car?

With a new baby on the way, you may be considering investing in home improvements to create the perfect nursery or upgrading your car to something larger and more family friendly. Whether you choose to redecorate or renovate your home, upsize your car or buy a second car, the right finance solution makes all the difference when it comes to preparing for the arrival of a new baby.

Home improvements and renovations

Renovating or improving your home may seem daunting with a baby on the way, but it’s an investment that could significantly enhance your family’s quality of life. With the right planning and finance from home improvement loans, you can transform your home into a safe and comfortable haven ready for your new baby to thrive in.

Use a home improvement loan to:

• Create a cosy, inviting nursery space: Transform a spare room into a nursery; bring your vision to life by deciding on an overall theme, choosing a colour palette, and painting the room to match.
• Invest in essential furniture: Furniture such as a baby cot or toddler bed, a comfortable feeding chair, and a nappy changing station are essential components of any nursery, but they can be costly. With a home improvement loan, you can afford to invest in high-quality, durable furniture pieces that prioritise safety, functionality, and aesthetics.
• Upgrade wardrobes: As your family grows, so too does your need for additional storage space. Upgrading wardrobes to accommodate baby clothes, blankets, and other essentials ensures that everything is organised and easily accessible when you need it most.
• Modernise your bathroom: Installing a bathtub in your bathroom can make bathing your baby a convenient and enjoyable experience.
• Add an extra bathroom: Fighting over the bathroom is no fun! For growing families with limited bathroom space, adding an extra bathroom can provide much-needed convenience and give your family room to grow and live comfortably.
• Swap out existing flooring: Changing to durable and easy-to-clean flooring that can withstand wear and tear, helps create a safe and hygienic environment for your baby to crawl and play in.
• Address any mould issues: Mould poses a serious health risk, especially for babies and young children. Ensure your home meets healthy home standards and create a safe environment for your baby.
• Improve heating and ventilation: Maintaining a comfortable temperature and good air quality is essential for your baby’s health and well-being. Install a heat pump or a ventilation system to improve heating and air flow.
• Baby-proof your home: Create a safe environment for your little one to explore and play in. Fit cabinet locks, outlet covers, and corner pads to prevent accidents and injuries, and give you peace of mind.

Depending on the scale of your home improvement project, you may be able to refinance your home loan or get a home loan top-up to cover the cost of renovations. Get helpful advice from a Max Mortgages’ Adviser and talk to our insurance team about your house insurance coverage to ensure it accurately reflects the true value of your home post-renovation.

Car upgrades or an extra car

A growing family usually needs a bigger and more reliable car, and finding the perfect family car can take some time. Things like safety features, boot space and seating, child-friendly features, ease of access, fuel efficiency, and reliability are important considerations. Another essential factor is car finance. Working with a Max Loans Personal Lending Adviser means you’ll have access to the right car loan to fit your budget and lifestyle.

You can use car loans to:

• Buy a larger and more reliable car: With car finance, you can afford to buy a car that offers more room for car seats, strollers, and all the gear that comes with having a baby.
• Invest in car seats: Investing in a high-quality car seat that meets the highest safety standards and provides optimal protection is understandably a top priority. From rear-facing infant seats to convertible and booster seats, car finance can help you get the right car seat to suit your child’s age, weight, and height.
• Install sunshades: Protect your baby from harmful UV rays during car rides. Install sunshades or tint on your car windows to keep your baby comfortable and cool.

And here’s some more help for choosing a new car or a second car: Three questions to ask yourself to ensure you get the right car for the right price.

Financially preparing for a new baby

Making changes to your home or car can mean a significant cost, but getting the right finance helps simplify the process. Contact a Max Loans Personal Lending Adviser to find out more about finance options for home improvement loans and car loans. And get tailored advice that fits your lifestyle and budget as you prepare for the arrival of your bundle of joy.

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