Popular ways
Kitchen Renovation
Turn dated into dream.
A kitchen is often the single biggest lift you can make to a home — in daily quality of life, and in resale value. Rather than reach for a personal loan at 9-12% p.a. or a credit card at 20%+, many homeowners look at accessing a portion of the equity in their home so the renovation is funded at home-loan rates.
Things to consider
- Borrow only what the renovation genuinely needs — not the maximum a lender would extend.
- A lender will typically want quotes or a builder's contract before releasing funds.
- Restructure the borrowing over a term that fits — a 30-year home loan for a $60k kitchen can quietly turn into six-figure interest if left unmanaged.
- Consider the interaction with any depreciation, insurance and warranties on the completed work.
Related equity uses
Three more ways homeowners commonly put usable equity to work.
Explore whether kitchen renovation could work for you — complimentary, no obligation.
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