A short guide outlining five financing options for home renovations—equity release/top-up home loan, construction loans, lines of credit, personal loans, and credit cards—plus advice to ensure renovations add more value than their cost. It compares borrowing limits, typical interest-rate relationships, repayment characteristics, and suitability by project size.
Questions this document answers
Up to 80% of the property's value.
$100,000 (resulting in a total loan amount of $400,000).
Typically up to 90% of the end value of the home.
Around $60,000.