Gareth

Building up equity may be sensible route to finance property improvements – Gareth Shaw

Using cash built up in a property to pay for renovations is common among homeowners.

A It’s common for people to tap into the cash they’ve built up in their property to pay for renovations, but it isn’t the only route. Remember that a mortgage is a multi-decade debt, and so any additional borrowing you take on stays with you for the term of your loan. What might seem like the obvious place to finance your project, could be the most expensive.

Let’s explore what you’re suggesting in a bit more detail. Given that you’ve just bought the property, what

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