As women, we often won’t talk about finance or loans and how to navigate them when looking to start a build - it even seems a little taboo!   However, understanding how it all works is crucial in completing a successful renovation or home build. Today, Leah Ziskos from Entourage Finance is back to chat all about understanding construction finance and where to begin when looking at the different options available.   Seeking Advice Early On From equity withdrawals to construction loans, it’s important to be armed with the knowledge on how you can best finance your project. Not only will you be able to understand how much you can actually spend, it will give you the confidence for things like sourcing builders and engaging architects. We talk about the importance of seeking advice early on so you can make an action plan to tackle the many different aspects of your build.   While speaking to a broker might be the obvious first step, we discuss the value of involving your accountant and real estate agent to help you understand the whole picture. Ensuring there’s a good relationship and transfer of information between all parties will help you get properly set up from the get go.   Fundamentals of Construction Finance To give us an idea of what to consider when securing funding, Leah takes us through some scenarios Entourage Finance’s clients face and the process of assessing the build contracts. She runs us through structural changes vs non-structural improvements, and what it means to utilise the equity in your property to access the cash you need.   We discuss borrowing capacity and break down the numbers in detail, so you have an idea of how much a bank may be willing to lend - as well as the money you may need to contribute!   Preparing for Additional Costs While a build contract may include significant costs, it’s crucial to have an idea of the total cost of what isn’t included. How much cash do you have aside for the pool, the landscaping or even your tapware? If you’re going to be doing anything in addition to what’s inside the contract, figure out how much you need to borrow, as well as what your savings position is. This will help you greatly in structuring and utilising your funds in the best way.    While financing your project might seem like an overwhelming process, there are practical steps you can take to reduce the stress. Reaching out to the experts is your best bet to kick start your project with confidence, knowing that you’re equipped with the information you need for a successful build.   So, join us as we dispel the confusion and get you up to speed on how to best finance the home build of your dreams!   LINKS:   Connect with Leah: Website: https://entourage.com.au/  Instagram: @entourage_au   Connect with us: Buy our book: BuildHer, A practical guide to building and renovating BuildHer Website: https://buildhercollective.com.au/ BuildHer Instagram: @buildhercollective BuildHer Facebook: Women who Design, Decorate, Renovate & Build Register for a call: https://go.oncehub.com/BuildHer See omnystudio.com/listener for privacy information.