Renovation Financing

Renovation Financing < Property Renovation < Property < Keys To Succcess Club

Financing a renovation is something that you need to carefully consider as you don’t want to hit a cash crisis when you are halfway through.  Here are some options to consider financing a renovation:

  1. Depending on the complexity of the renovation, remember to add a buffer!
  2. Remember to establish what you intend to do once the renovation is completed as this will impact on the best method of financing the renovation.
    • Are you going to increase the rent?
    • Are you going to refinance based on an assumed increased valuation?
    • Are you going to sell the property?
    • Are you going to do nothing?
    • Don’t assume that all of these will definitely happen and make sure you have a backup option; property is a moving market!
  3. Can you cash flow it out of your savings?
  4. Can you borrow it from within your family?
  5. Can you borrow it from a third party (bank loan,credit card)?
  6. Can you sell something to finance it?
  7. Can you take it out of available equity?


Spend some time thinking about this so that you do not get caught out!

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Keys To Succcess Club > Property > Property Renovation > Renovation Financing