Save thousands on your home loan
Compare 25+ lenders and hundreds of loans in an instant
I want:
Westpac Macquarie citibank commonwealth bank anz bankwest
finni mortgages logo
google reviews
4.9
star star star star star
Rating based on 147 reviews

×

Top tactics for increasing equity

Victor Kumar, director, Right Property Group

211114 VictorKumar

{{youtube id="174SqcIq-fI"}}

One of the easiest ways to increase your equity in a property is to obviously undertake a cosmetic renovation. Now one of the rules of thumb that most people implement is that for every dollar that you spend on renovation you need to be making at least $3 in equity. Now often that does not work out because if you're focussing totally on properties with renovation potential the first step is to actually  buy it at the right price. So it spall starts with buying that property at the right price so that you can actually manufacture the equity.

 

You need to be a member to post comments. Become a member for free today!


Related articles