Primary Home Refinance?

[Jackson Sipperly]

I bought my first primary home back in January for $221,500, a 700 ft condo. I then renovated a lot of the condo, completely re doing the bathroom along with a few other minor aesthetic changes. My dad who is a general contractor helped with everything and said if I had been a normal paying client, it probably would've been about a $20k job instead of about the $4k I put into it. I have a pretty good mortgage financed at 4.2%, but I'm wondering when it might make sense to pursue a refi as I think the property is probably worth upwards of $230 now. Would be great to do something like a cash out refi or heloc as long term I want to use a leverage tool like that to pursue long term rentals. Any advice?