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Weekend renovations that your personal loan can cover

Published on November 27th, 2020
  Written by 
Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
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Australians surely love renovating, but what if you are just looking for something that can take a weekend to complete instead of the whole month? If you want to nail your weekend renovation with the right budget that can be supported by a personal loan we have just the tips for you.

Get your renovations underway with the right budget

Before you whip out all your weapons of mass creation to turn your house around you need the right budget. By knowing the cost of how much your project is going to cost to complete you will be able to avoid putting yet another DIY project. Whether you are looking to fund a small or big project a personal loan can help give your home its much-needed facelift. Australians love doing renovations that research by Roy Morgan revealed that just over 5.8 million Australians took some form of home improvement especially during the weekend.

Your homes beauty starts within

You can fix places that are most important to the home; the kitchen and the bathroom. There is no need to break down the walls or remove tiles to upgrade it to a catalogue perfect kitchen or bathroom, but doing small fixtures can go a long way. Instead of waiting for everything to literally fall apart you can undertake a weekend project where you replace cabinet doors and drawers that are missing handles or hanging on their hinges. It will make the place look more orderly. Add a fresh lick of paint or varnish to your cupboards which will give these spaces a revitalised look. Speaking of paint…

Sometimes all it takes is paint

Your house might look dreary now, but investing in paint to revive its look can restore your property by $10 000 or more. Choose colours that really make it pop both inside and outside. White is a colour that might come to mind first, but the latest trends in home DIY show that painting your house either than white will add a burst of life into your home. You don’t want to go to bright as this might scare future buyers away, but you can play with palates that aren’t harsh on the eye.

Declutter your space Decluttering your space is the least way to run up your renovation bill, but it can immensely improve your home. Invest in smart storage cubes and fold away storage that will help you keep all the clutter away. IKEA has some nifty storage items that you can purchase to help make your space look more modern and neat for the whole family.

Turn your backyard into a chill spot

If your backyard is an eyesore to look at and you live there, you can imagine what other people are seeing. Any form of improvement on your landscaping is worth the investment, and if you take routine care of it you will reap the benefits when it comes to selling your house. You could end up spending thousands of dollars to get your landscaping in mint condition, but once you get it to look good you might not want to sell your house.

The best way to prepare for this is by doing a walk around of how you plan to snip and tuck what and where a week before actually doing it. This will help you avoid cutting down the tree that provides the needed shade in summer instead of the bush that looks like something is about to leap out of it.

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This guide provides general information and does not consider your individual needs, finances or objectives. We do not make any recommendation or suggestion about which product is best for you based on your specific situation and we do not compare all companies in the market, or all products offered by all companies. It’s always important to consider whether professional financial, legal or taxation advice is appropriate for you before choosing or purchasing a financial product.

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The interest rate, comparison rate, fees and monthly repayments will depend on factors specific to your profile, such as your financial situation, as well as others, such as the loan’s size and your chosen repayment term. Costs such as broker fees, redraw fees or early repayment fees, and cost savings such as fee waivers, aren’t included in the comparison rate but may influence the cost of the loan. Different terms, fees or other loan amounts may result in a different comparison rate.

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