Do you feel like you need to spruce your place up? You are not alone! According to a homeowners survey over 43 percent are planning some type of renovation. The top reason for wanting to do a renovation was to improve the quality of living, followed by making a profit and lastly, fitting in a new child. So if you are toying with the idea, here are some great inexpensive options under $2,000 that you can do!
1. New Lick of Paint
Just like someone putting on a new nail polish colour, walls and cupboards certainly get a lift if you give them a fresh coat of paint. A survey participant recently painted her kitchen cupboards for a total cost of around $300 and was amazed at the difference! Walk around your place and see if there is any particular place that’s looking seriously tired, and consider giving them a facelift! Make sure you get good advice on colour from a professional (they have great free service helpers at all the reputable hardware stores) and also the correct way of applying the paint. If it’s your bathroom screaming for a makeover then for a fraction of the price of a full bathroom renovation, why not consider tile paint. All you have to do is clean, prime and then paint this special product to get an instant fresh and new look.
2. Consider a Sky Light
Rather than getting some expensive electricity guzzling lights, why not look around to see if your place could benefit from capturing some natural light. In particular, if you have a hallway that has no windows, consider installing a solartube skylight. At a cost of around $700 it basically slots between your roof rafters and funnels the sunshine down.
3. Zap up your Outdoor Living Area
In Australia, it is quintessential that we live a large part of our life outside. Take a look outside and see if your outdoor area beckons you to come and sit for a while. If not, it may be time to consider a deck or paved area. A small deck would set you back around $1000 but you would need to enlist a professionals help and also ensure you abide by your shire and get any approval required first.
4. Get a New Look with Wallpaper
If you are tired of looking at the same coloured walls in every room, why not consider jazzing one wall up with a wallpaper feature. Not only will it add a new glamour to your home, but it can actually give the impression that the room is bigger than it really is! Wallpaper costs vary, but on sale you can get a roll for around $50, and often a wall will take 2 – 4 rolls (very dependent on room size of course!) You can hire a professional to put it up too, which can cost around $50 per hour.
5. Look Down – How’s the Flooring?
Could your feet do with some real loving? If your floor is looking like it has passed its use by date, why not consider re-flooring? You can choose from carpet, laminate, hardwood timber or even just some new rugs! A brighter floor colour gives a room a more spacious and open feel. Some carpet companies do great offers to carpet your whole house, otherwise you could consider just renovating individual rooms. Some other options are laminating – costs start around $30 per metre squared, or hardwood – around $50 per metre squared.
So there you have our 5 cheap renovation ideas. Once you have decided on what renovations you want to do, your next step is to work out how you are going to afford them.
At Fair Go Finance we have provided many happy customers with a personal loan to complete their small renovations. The benefit of taking out a separate personal loan (rather than adding it to your mortgage) is that you can pay it off in a short space of time.
When you add more debt to your mortgage it means you are going to be paying it off over the length of your mortgage – often 25 – 30 years! So good luck and happy renovating!
It can be expensive to borrow small amounts of money and borrowing may not solve your money problems.
Check your options before you borrow:
For more information about other options for managing bills and debts, ring 1800 007 007 from anywhere in Australia to talk to a free and independent financial counsellor.