Renovating your home can really help you maximise on profit and get more equity in your home. We’ve got some tips on how to renovate on a budget so you can spend your money where it matters the most.
Professional service or DIY
When renovating your home it’s useful to know what you can do yourself, and what you’ll need the professionals in for. Generally speaking, it’s best to use a professional for all things:
- Electrical (e.g. lights and power)
- Plumbing (e.g. bathrooms and kitchens)
- Structural (e.g. knocking down or building walls)
Using a professional can save you heaps of money as you know it’s done the right way, the first time. They’ll also sign off on the work they complete – making everything legit.
Family and friends
Working bees are a great way of getting extra help when you need it. Rope in your family and friends when it comes to painting, building a deck, cleaning, or even landscaping and you can get lots of work completed in a fraction of the time and cost.
You can learn a lot watching YouTube videos or attending DIY workshops. Check out resources or classes online and learn how to renovate yourself. Remember to know your limits and hire a professional for those high-risk jobs. It’ll pay in the long run.
Shop around when buying fixtures. You can save lots if you buy online or go to wholesale stores. Even better, a lot of these stores have sales where you can get ½ price on things like tiles or tapware. It can pay to wait until sale time to really snag a bargain!
Long term savings
Installing items like solar panels and rainwater tanks can give you extra savings that you’ll really notice on your power or water bills.
Low cost – Big impact
Spend your money on things that make a big impact. Fresh paint, fencing, outdoor living, and even a kitchen or bathroom makeover make a huge impact and can dramatically increase the value of your home.