Benson replied to the topic Cash or loan to finance renovations in the forum Finance 8 years, 5 months ago
Thanks for the responses so far!
We do not have any personal non deductible debt or PPOR and are currently renting.
We do have equity available to access through the investment property’s growth.
Let me explain in further detail.
We have purchased a property and have plans and permits to build in the backyard and also want to renovate the…[Read more]-
Benson‘s profile was updated 8 years, 5 months ago
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Benson changed their profile picture 8 years, 5 months ago
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ammag1 replied to the topic Cash or loan to finance renovations in the forum Finance 8 years, 5 months ago
Hi Corey, thanks for the response!
It’s for an investment property.
Yes I’m confident that there would be sufficient equity to cover the projected 35K reno cost. -
ammag1 started the topic Cash or loan to finance renovations in the forum Finance 8 years, 5 months ago
Hi all,
I’ve decided to do some renovations to our property which I expect to cost btw 30-35k incl. Kitchen, bathroom, adding 2Nd bathroom and other essentials such as restumping and new drainage.
I’m not sure whether it’s best to use savings or access the equity in the property to pay for these renos? Are renovations such as these tax…[Read more]
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