Thinking about borrowing to bring your DIY dreams to life this summer? Here’s what you need to know!

DIY; it’s in our DNA! A lot of kiwis are no doubt gearing up for summer projects around the house; whether it's expanding your living space, revamping the kitchen, or creating an outdoor oasis to enjoy with your family, the possibilities are endless. For some, renovation projects can mean extending your lending to cover costs. But before you pick up that hammer, let’s ensure that you’re making smart moves that will pay off in the long run.

First, you’ll need to begin with a clear vision of what you want to achieve. Sketch out your ideas, create mood boards, and consult with professionals if needed. This not only helps you stay focused but also ensures your renovation aligns with your long-term goals.

Renovations come with a price tag, so it’s important that vision has a budget and that it aligns with your financial capacity. Consider not just the immediate costs but also potential overruns and unexpected expenses. Allow some buffer for contingencies!

If you're still paying off your mortgage, you're sitting on equity. We can chat about borrowing against this for your renovation project - which can be an effective way to fund your dream upgrades.

We can also look at the range of mortgage products and their terms. I can help you choose between options like refinancing, a home equity loan, or a line of credit. Each has its own advantages, so together, we can find the one that best suits your renovation plans and unique financial circumstances.

You’ll also want to ensure you have all the necessary permits with council before you start swinging that hammer, and even, whether your DIY capabilities are up to the task. Hey, sometimes it really is a job for the professionals!!

If you’re thinking about putting in some hours on your home this summer, get in touch and let’s talk about making it happen!