Home Improvement Loans

If you were offered a no strings attached budget, what home improvements would you do? Chances are, a long laundry list of changes come to mind, from refinishing the hardwood floors to adding a new bathroom. Some home improvements, however, are more likely to increase your home’s value than others. With limited home improvement funds, it’s good to consider whether a renovation has a decent return on investment.

Some home improvements are more urgent than others — saving you money immediately or preventing devastating damage. Sometimes it only takes ten minutes or less to make simple changes around the house that boost your living space.

Even if you’re a weekend warrior with a well-stocked workshop, not all home improvement projects are suitable to do yourself (or at least, without the help of a professional). Know your limits, start small if you’re a beginner, and then keep calm and DIY on (if you so wish).

Big projects or small, probably all of us could stand to learn some decent home repair or home improvement skills. (All around the home, there are things we should never have to pay others to fix for us.) Learn new skills and help others at the same time by volunteering or through free clinics and other resources.

Pinterest and Instagram are your friends – get some inspiration by searching for people that have done or organised their own home improvements. You’ll be surprised at some of the neat ideas that will come to mind.

You can’t really improve your home much with just your bare hands (you’ll need a multi-tool at least!). Equip your toolbox with the essential tools for any minor repair or major project, such as basic plumbing tools. Don’t forget your smartphone might be the best DIY tool in your kit.

Unfortunately, most home improvements do not pay for themselves. Doing it yourself will cut down costs, and one of our Home Renovation Loans will help you to improve the value in your home.

About as important as finding a good dentist and finding a good therapist is finding a responsible tradesperson. Horror stories of homeowners being scammed by contractors or having work done so shoddily that it cost thousands of dollars to redo (not to mention the money already spent) can give you the shivers. Vet your choices carefully, get recommendations from friends and neighbours, and ask to see examples of their work.

The more money we save on one home improvement project, the more we have left for all the other ones we want to do. In addition to knowing the remodeling projects that offer the most bang for your buck, know which elements of a project you can splurge or skimp on. You could spend more on items that are hard to replace, such as the bathtub, but can spend less on the taps, for example.

One of the worst things you can do when it comes to home improvements is to start a project without the major details — cost, time, materials, and design — as realistic as possible from the start. Nothing costs more than having to change your designs mid-stream. Use design tools to conceptualise your project and add a healthy buffer (10-15% or more) to your time and financial budget to account for the inevitable surprises.