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THINGS FIRST-TIME RENOVATORS NEED TO KNOW - Tip 2

Be sure to acquire the research and knowledge that will allow you to mitigate your risk and give you the best chance of real success.

 

FINANCES: CAN YOU AFFORD IT?

When renovating, gaining finance for your project can be a little more of a dance than when buying a regular property.

You’ll need to borrow enough money to cover the property purchase and renovation costs and have some buffer for issues that crop up or any delays in the schedule.

And don’t forget you won’t be receiving rent during the renovation process.

Working with an experienced broker who has expertise in renovation and construction finance is a smart move.

 

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Jason Gwerder
Thursday, 1 October 2020


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