Finding the funds for a renovation can be a difficult and complicated process. There are many different factors to consider and it can be really daunting.

In this episode, Rebeka discusses the options available to you when you’re looking at securing funding for your renovation. Whether you’re looking at a construction finance loan, an owner builder situation or funding with cash, there are quite a few things to consider and various complexities involved.

Rebeka breaks down how the figures would work in an example scenario and the percentages of funding you’d need to provide. The thing to remember is that your ability to finance is one of the most important considerations when deciding what type of project to take on.

Due to the complexity of each person’s situation, it’s difficult to make a general rule for financing. That’s why it’s important to have a really good relationship with your mortgage broker and your accountant to help understand your specific situation, the different options available, and the costs that are involved.

Remember, we’re always here to help so if you’re feeling a bit stuck, make sure you take advantage of our free consultation call.

LINKS:

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