Renovating own home

From: David Kilmartin


We need some advice and enjoy reading the great advice and information on this forum.
We want a strategy to renovate our own home without using any of our own money. Can it be done?
Our home has a current value of $300K (conservatively). We owe the bank $160K on a LOC and have used $36K of equity to purchase 2 investment properties. Our home is well located in an area where demand exceeds supply. We have sought advice from architects and real estate agents which suggest that a $90 to $100k renovation will result in a property valuation of between $450 to $500k.
We look forward to some creative solutions!!
 
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