School of Renovating Logo

3 Crucial Steps to Finance a Renovation

Embarking on a home makeover? Understanding the Steps to Finance a Renovation is crucial.

Let’s dive into how you can effectively finance your renovation projects.

Not only is it possible to replace your current income with renovating…

But you can do it in two years without even picking up a paintbrush!

So, if you are…

  • Not happy with your job
  • Retired, or approaching retirement age
  • Ready to stay home and raise your children
  • Or just keen on exploring your passion and skills for creating beautiful homes…

Renovating can be the best next step for you.

Understanding what it takes to get from where you are to where you want to be…

It can be a bit challenging.

So, let me get you started on the right way.

The first thing you need to understand is this:

Renovation projects can become high-priced.

So you need to get finance.

 

Here are three crucial steps to finance a renovation:

Step 1 – Don’t quit your job right out of the gate

When you decide to leave your job to do home renovations…

You’d be giving up your income.

And that’s the income you may need to be able to help with renovation finance.

 

Step 2 – Begin working on one or two projects per year

Instead of quitting your job immediately…

Do some projects first. 

Perhaps do one or two renovations a year for two years.

Build a history of being able to produce a reliable income from renovation projects.

Once you have the figures, bring it to your broker or funding institution to find out about getting financed without a j-o-b.

 

Step 3 – Don’t pick up the paintbrush

Since you’d be doing projects while still working your day job, I’d advise you against committing to any DIY in your first few projects.

Sure, you can DIY minor projects like ripping out old kitchens…

But nothing more complicated than that!

Remember…

You need to be free to manage the project both in terms of quality and time frame.

So, leave the majority of the work to tradespeople.

They’re the experts in construction and home renovation, anyway.

 

Now, if you follow these three steps to finance a renovation…

You’ll be able to complete projects on time and within budget…

And it will allow you to sell the renovated properties at your desired prices! Or keep one or more for long-term appreciation.

That would make for a great renovation portfolio…

Making you much more qualified to get financing for your future projects!

Understanding the steps to finance a renovation is not just about securing funds; it’s about ensuring the smooth execution and completion of your dream project.

 

To your success,

Bernadette

 
 

Unlock More Profitable Renovation Secrets! Delve deeper into the world of renovating for profit, and consider taking our home renovation courses now!

3 Crucial Steps to Finance a Renovation

3 Crucial Steps to Finance a Renovation

Share:

Facebook
Twitter
Pinterest
LinkedIn
Picture of Bernadette Janson

Bernadette Janson

"My own passion for renovating has helped me build a marriage, a family, friendships and a successful business. I created The School of Renovating to share the power of this career."

Bernadette has over 30 years of experience in the renovating for profit business. She’s a registered nurse, a renovator, a mum, and a teacher.

Learn how to harness your obsession for renovating to transform your life

You will get a FREE “Wonder Women” Magazine that will show you the road map to financial independence a-la-renovating.

Related Posts

inspiring women in renovating

Inspiring Women In Renovating

The School of Renovating has recently checked in with all of its members for reviews and all of them are inspiring women in renovating.

Hear From Our Renovators

I just wanted to touch base and say how incredibly thankful I am that I signed up for your course! I have learned so much since beginning the course! … Your course has well and truly paid for itself and that’s only one year of premiums, not to mention how much we will save knowing what we didn’t know previously when we take on our next project. (We are) feeling empowered by the knowledge we have now! So thank you a million times over!

5/5

Lyndall Hinton

Hi Bernadette Just wanted to say a big thank you for today. I learned so much and really appreciated all of your advice and insights. You are certainly very inspiring! You’ve given me the confidence to start thinking of my project!

5/5

Jenna Bradwell

Been through the Bootcamp, Bernadette and Stephen are very caring, pragmatic, great at what they do, and financially savvy. Definitely not the infamous fluffy feel good type of seminar. Of course, these kind of works require lots of on the ground learning. However, having such an experienced and genuinely caring mentor provides lots of support and confidence to get projects up and going, and ultimately building wealth.

5/5

Trung Truong