Getting a Home Loan in Australia if you're living overs...
29 Nov 2023
5 useful ways you can spend your lockdown to improve your home
With some states in Australia back in lockdown, many of us are stuck at home bingeing on Netflix and socialising over Zoom.
Being stuck at home also presents a great opportunity to finally get on top of all those projects around the house you’ve been putting off or simply haven’t had the time to do.
Recent data shows that Aussies have been spending 20% more on DIY projects, home furnishings and equipment during the lockdown.
We've put together 5 useful ways you can spend your lockdown to improve your home.
If your outdoor space is looking a little bit sad, it’s a great time to get outdoors into the sunshine and spruce things up.
No matter how big or small your outdoor space is, there are plenty of little things you can do to improve the way it looks. Hang some fairy lights for night-time ambiance, add cushions, pot some plants, tidy things up, and update your outdoor furniture.
If you want to get really stuck in, consider building a beautiful big deck with built-in bench seats, or even create an outdoor kitchen so you can still entertain outside in winter - just don’t forget to get an outdoor heater.
There’s nothing worse than seeing a house with peeling paint and a neglected front yard. If you’re trying to sell your house, it will immediately put buyers off because there is little street appeal.
Your house is the first thing people see so you want to make sure it looks enticing and well looked after. You may want to repaint the gutters and doors in fresh colours and tidy up the garden by trimming hedges, freshen up garden beds and give the lawn a good mow.
You can even repaint fences and the rest of the facade to really ‘lift’ your home.
Splashback tiles can seriously date a kitchen or bathroom.
It’s hard to go wrong with modern, white tiles (like subway tiles) especially if you’re trying to sell your home as these will appeal to most buyers.
Replacing dated light fixtures with modern new ones is one of the quickest ways to update your space and make it feel brand new.
When you’re living in your home, it can be hard to see it with fresh eyes. But try and imagine that you’re a potential buyer seeing it for the first time. Does it feel cluttered or even too empty? Is your furniture too big for the space or positioned badly in the room? Have you mashed too many different design styles together or played it safe by being matchy matchy?
If you’ve got a keen eye for design, it’s easy to make your space look like it was designed by a professional. Rearrange the furniture so it flows better, sell furniture that’s too big and bulky and replace it with more slimline pieces that suit the space better.
Add cushions and rugs, replace ugly dark curtains in favour of light, neutral ones. Consider hanging pendant lighting, creating open shelving, updating the hardware on your cabinets, placing a throw over a chair, and adding potted plants.
You may be thinking “I’m not made of money” but there are ways to fund these simple changes without breaking the budget.
If you’ve made extra repayments on your home loan, you could consider taking advantage of your offset sub-account.
An offset sub-account allows you to dip into the extra payments you’ve made on your home loan.
These extra repayments will accumulate separately to your normal repayments. Let’s say for example, your minimum monthly mortgage repayments are $2,000 and in one month you repay $5,000. You could withdraw the extra $3,000 whenever you like.
Some homeowners choose to redraw from their offset sub-account for expenses like:
for expenses like:
Paying down debts
Paying for a holiday
Funding a wedding
Keep in mind you can only withdraw the extra repayments you’ve made on your loan - not the minimum regular repayments.
At loans.com.au, you get the flexibility of accessing your offset sub-account 24/7 by using our Smart Money app and an unlimited number of withdrawals with your redraw facility.
As Australia's leading online lender, loans.com.au has been helping people into their dream homes and cars for more than 10 years. Our content is written and reviewed by experienced financial experts. The information we provide is general in nature and does not take into account your personal objectives or needs. If you'd like to chat to one of our lending specialists about a home or car loan, contact us on Live Chat or by calling 13 10 90.