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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.

Before and after photos of a kitchen renovation
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 …

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