It's that time of the year when a Spring clean is in order, and you might be thinking about tackling some of those home improvement jobs that have taken a back seat in winter.
Whether you're preparing to sell your home, or simply looking to update your living space now that you're spending more time at home, upgrading your home doesn't always mean investing in costly renovations. There are plenty of ways for you to give your property a great facelift on a budget.
Before you get started, it’s important to work out what your renovation budget is going to be. Make sure you factor in everything; from the cost of materials (eg – paint, timber and carpet), labour (shop around for competitive tradie quotes), and appliances, through to the soft furnishings you’ll need to put the finishing touches on your renovation.
1. DIY paint job
Giving your home a new coat of paint is one of the cheapest upgrades you can make. It will not only freshen up tired rooms to look new again, it could potentially fetch you a higher price when it comes to selling your house.
The average cost of having your interiors professionally painted in Australia starts from $20 - $30 per square metre (including the ceiling). So for a 2 bedroom unit with 1 bathroom and a laundry, you can expect to be quoted around $2,500 to $3,500.1 The good news is, you can get the whole family involved in a fun project and save some money by going the DIY route.
Research by Canstar Blue found that on average consumers spent $284 on their most recent paint purchase,2 so be sure to spend some time to do your research and crunch the numbers to see how much your DIY paint job will actually cost.
For some tips on how to work out your renovation budget click here.
If, because of budget or time constraints, you don't want to paint the entire interior or exterior of your house, consider painting a select few areas that will freshen certain aspects of your home such as the woodwork, skirting boards, a single room, or simply a feature wall.
Tip: If you’re re-painting with a view to sell this Spring, natural-looking colours particularly in shades of blue or pale grey are neutral enough to help future buyers envision themselves living in the space.3
2. New flooring
Upgrading your flooring is a sure-fire way to give your home a new look. Hardwood remains a popular and reliable choice for many, but other options include polished concrete, cork, vinyl or, for the environmentally conscious, bamboo.
Existing hardwood floors can be re-sanded, a process that opens up the possibility for staining, painting or resealing.
If your home has carpet, a professional clean can make a vast difference, as can getting rid of the carpet altogether – especially if it’s dirty, old or frayed.
3. Replace small fittings
Another easy way to spruce up your home without spending too much is to update tired-looking bathroom and kitchen fittings. Think faucets, showerheads and oven tops, as well as other fixtures like doorknobs, lighting and banisters.
4. Redistribute light
Your home can be illuminated, by allowing light to reach small or enclosed spaces, such as windowless bathrooms, corridors and those awkward sections of living rooms where natural light doesn’t hit.
You can achieve better light distribution by installing a solar tube or tubular skylight. Design standards for these products have improved significantly in recent years, with options available for big and small budgets. Installations can even go as low as $100 if you prefer the DIY option.
These are just a few of the cost-effective ways you can update your home with small jobs that make a big difference. If you need help kickstarting your renovation budget, Pepper Money personal loans could be an option. Our loan amount starts from $5,000 and this can be used to boost your existing renovation budget or help you get the smaller renovation projects underway.
To get you started, find out how much your individual rate and repayments might be here before applying (it won't affect your credit score).
Got a question? Call us on 1300 108 794. We're here to help.
This article provides you with factual information only and is not intended to imply any recommendation about any financial product(s) or constitute tax advice. If you require financial or tax advice you should consult a licensed financial or tax adviser. Neither Pepper nor its related bodies, nor their directors, employees or agents accept any responsibility for loss or liability which may arise from accessing or reliance on any of the information contained in this article. For information about whether a Pepper loan may be suitable for you, call Pepper on 13 73 77 or speak to an accredited Pepper Money broker.
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