If you are thinking about doing any type of home and garden renovation your list of experts to help you might include an electrician, an architect or a landscape gardener. However, have you thought to include a financial planner on your list? It is likely not, as most people think financial planners are only for sorting out investments and pensions. On the contrary, they can assist with any project which requires financing and home renovation is one of them.
There are countless examples of homeowners embarking on a home renovation project, and seeing the whole thing grind to a halt because the project was not planned properly with regards to financing it. The costs might have spiralled out of control, or an expected bill which caused them to reach their credit card limit are just two of the dramas that may have befallen them.
Assuming you don’t want the same to happen to you, the sensible option is to employ the services of a financial planner so that any concerns you may have for your home renovation project are allayed with regards to money and financing.
In practical terms, there are several ways a financial planner can assist you when planning any kind of home or garden renovation. Firstly, they can look at your overall financial health, and suggest ways you might be able to improve your financial situation to make the project more affordable.