Article updated 04 May 2021
Right now, a whopping 41% of Aussies are looking to upsize their house rather than buy new property1. With property prices increasing around the nation2, it could be a great time to add value and make upgrades to your home without the risk of overcapitalising.
When it comes to funding your next renovation project, the good news is that there may be a few ways you can go about it without dipping into precious cash savings.
Consider the type of renovation
When it comes to finances, a good place to begin is to work out what your renovation will cost and how you intend to fund the project. Consider whether the renovation is a structural or non-structural renovation.