The different paths to funding a home renovation
A home renovation can be one of the biggest financial considerations you will undertake, so it pays to get the financing model right.
Getting the financial structure of a home renovation right can be a decision that costs or saves thousands of dollars. (Image source: Shutterstock.com)
When it comes to funding a home renovation, whether a kitchen upgrade, extension or complete remodel, two common ways to access capital include:
- selling investments (like shares or managed funds)
- using an equity release loan (via home loan redraw or loan top-up based on property value)
Each option has its advantages and drawbacks depending on your current financial situation, tax position, and long-term plans.
Here’s a focused comparison …
