thread: How do you pay for renovations?

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  1. #1
    Registered User

    Oct 2007
    Middle Victoria
    8,924

    We added on to the mortgage for our bathroom reno. Actually had to get a personal loan for a couple of months and then paid this out when we re-did the mortgage. We also keep ahead on the mortgage so we can re-draw if needed. The hot water system just blew up and we may have to re-draw some cash to cover that.

  2. #2
    Registered User

    Mar 2008
    North Northcote
    8,065

    we factored it into our mortgage.

  3. #3
    Registered User

    Jun 2007
    ...not far enough away :)
    1,413

    When we got our loan we got some extra $$$$ and we were able to paint the entire house, polish all floorboards, get our blinds/curtains etc and some other things. The rest is bit by bit as we need it & can afford it. We will also make do with what we can until we can afford the major reno's. We just got a quote this morning to cement our driveway and we will build the fence ourselves. We have also come up with a shelving idea that looks nice in our laundry and will do for now. We will be done one day