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Renovating On a Tight Budget? What You Need To Know

By February 19, 2022 June 9th, 2022 Personal Loan

Many Australians find joy in renovating and revamping their homes. It can be something that is both enjoyable and adds value to your property. However, there are often many costs associated with home renovation.

What can you do when you want to perform home improvements but have a really tight budget? And what are some options and ways to renovate a house when you have no money or very little cash on hand?

Let’s look at some of the possibilities and ideas.

Do those Cheap Fixes First

Some home improvements don’t have to be big projects and could be more of a matter of performing some simple repairs or cosmetic work, rather than a complete overhaul of a particular room.

Therefore, if you’re feeling a bit constrained by your budget, you could simply start off by working on those cheaper fixes. Something as basic as a fresh coat of paint on the walls can make a massive difference without costing an arm and a leg; especially if you do the job yourself.

For other home improvements, rather than going all out when it comes to your expenses, look for ways to achieve the same results without the hefty price tag. A quick online search will leave you with numerous DIY jobs that can improve the look of your home without breaking the bank.

Do Your Kitchen and Bathroom Really Need a Full Makeover?

In other words, can a few cosmetic changes be made that will make a considerable difference to the aesthetics and functionality of the room. If the room has good bones, reconsider stripping it bare and rather opt to work off what you already have.

Kitchens and bathrooms are the most complex rooms in the home and are generally the most expensive to renovate. They are also the two rooms that receive the most wear and tear and can easily make a home look old and dated.

However, you might be able to perform some minor improvements that won’t blow out the budget. You could repair or replace damaged tiles, rather than retiling the whole room. Old shower and tap fittings can be replaced to add some more modern touches to the space. Even replacing the handles on kitchen and bathroom cabinets can make a major difference to the look and feel of a room.

Search for Bargains

Naturally, if you’re trying to save money on home improvements you’ll want to shop around for the best deal. You can find many great deals just by searching online if you don’t limit yourself to what is brand new. There are many second hand items up for sale on websites such as GumTree and Facebook Marketplace that look as good as new but are a fraction of the price.

Alternatively, a retailer might be trying to get rid of old stock to make way for a new shipment and sell the discontinued items at a bargain price. It’s all about being savvy and keeping your eye out for any good deals that may pop up.

Finance Your Home Renovations with a Renovation Loan

Taking out a loan for home renovations can prove beneficial as any improvements will likely add value to your property in the long run. Therefore, a Home Renovation Loan makes sense and will provide you with the funds you need to complete your home improvement projects.

If you start out on a tight budget due to a lack of funds, it doesn’t have to remain that way. You can change the scenario by obtaining finance to plan, design and complete your project just the way you envisioned. With the money from a loan, you will no longer feel restricted in what you can accomplish. For your convenience, you can even apply for a Home Renovation Loan online.

Apply for a Home Renovation Loan with Cashify Loans

If you’re wondering how to get a Home Renovation Loan online, you can apply for one with us right here at Cashify. Just browse our website or give us a call to learn more.

Disclaimer: Please note this content is of general nature only and does not take into account your personal objectives, financial situations or needs. For advice tailored to your financial situation, it is advised that you seek guidance from an accountant or financial advisor. The information contained in this article is correct at the date of publication.

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