Renovation finance built around your home and your plans.
Clear guidance on funding renovations — without overstretching your finances.
Renovating your home can improve how you live, adapt your space to new needs, or add long-term value.
But choosing the wrong type of loan — or funding renovations the wrong way — can create unnecessary stress and ongoing cost.
At Extra Mile, we help homeowners understand the most suitable loan options for renovations, based on their goals, available equity, and overall financial position.
Why homeowners choose Extra Mile for renovation loans
- Clear advice on the most appropriate way to fund renovations
- Experience with equity releases, loan top-ups and renovation lending
- Honest guidance — not one-size-fits-all solutions
- Support from planning through to loan settlement
Understanding your renovation funding options
There’s more than one way to fund a renovation — and the right option depends on both the project and your broader finances.
Some renovations can be funded by accessing existing equity, increasing an existing loan, or restructuring your home loan. In other cases, a separate loan or refinancing may be more appropriate.
Each option has different implications for repayments, flexibility and long-term cost.
We explain these options clearly, so you can choose a structure that supports your renovation plans without creating pressure later on.
Big decisions. Real guidance. Real outcomes.
What clients say after going through the process with Extra Mile.
How renovation loans work
Step 1 - Understand your renovation plans and budget
We start by discussing what you want to do, your estimated costs, timeline, and whether the renovation is cosmetic, structural, or value-adding.
Step 2 - Review suitable funding options
Based on your situation, we assess different ways to fund the renovation and explain the pros and cons of each option in plain English.
Step 3 - Set up the loan with confidence
We manage the application process, work with lenders, and ensure the loan structure supports your renovation plans without unnecessary complexity.
Thinking about renovating?
- Not sure how to fund your renovation properly?
- Wondering if you can use equity in your current home?
- Concerned about borrowing too much — or choosing the wrong loan type?
Renovation finance isn’t just about access to funds.
It’s about choosing an option that fits your home, your plans, and your long-term financial position.
We help you make informed decisions — not rushed ones.
What you’ll typically need
Requirements vary depending on the lender and renovation type, but most applications involve:
- Identification
- Details of your existing home loan
- Information about the planned renovation
- Cost estimates or quotes (for larger projects)
- Bank statements and financial details
We’ll guide you on what’s required and when.
Ready to plan your renovation?
Book a free, no-obligation call and get clarity on the best way to fund your home renovation.
All loans are subject to lender approval and eligibility criteria. Fees and charges may apply.
Frequently asked questions
What are my options for funding a renovation?
Options may include accessing equity, a loan top-up, refinancing, or a separate loan. The best choice depends on your goals and financial position.
Do I need quotes before applying?
In many cases, yes — particularly for larger or structural renovations. We’ll explain what documentation is required for your situation.
Can renovations increase my property value?
They can, depending on the type and quality of the renovation. We help you consider funding options with long-term impact in mind.
Contact us
Our Adelaide office
We’re based in Adelaide and support clients across South Australia and Australia-wide.