Manufacturing Equity is a fancy name for renovating.

When undertaking renovations, you should be aiming for the following 3 outcomes:

• Capital Growth
• Increasing your rental yield
• Increasing equity

There are several options available, when it comes to funding your renovations.

Here is a quick checklist from RealRenta:

• Use your savings, offset account or redraw facility
• Take out a construction loan
• Take out a Home Equity Loan
• Top up your current mortgage
• Refinancing your current mortgage
• Take out a personal loan

Always compare different products from different lenders and be sure to factor in the interest charges, fees, rent lost, wet weather and labour costs.

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