Fraud Alert – Please be vigilant when using ATMs as skimming devices have been detected across Metropolitan Brisbane. For more info on how to protect yourself click here.
Make a list of everything you’d like to do, and then get realistic.
Break your planning down by:
The planning may seem like the least exciting part of your renovation, but living with a half-finished reno while you save up to finish it won’t be very exciting either.
Tip: Make sure there’s some wriggle room for contingencies, and remember a good rule of thumb for your maximum renovation budget is 10% of your home’s current value.
Chat to people you know who have renovated their home, and don’t be afraid to pick their brains on their successes and failures. Catch up with the handy people in your life and ask their advice on how to do the work you’re planning, or if they can refer you to reliable tradespeople.
Depending on the type of work you’re planning, you could call in some favours and organise a working bee to get some jobs done. It's a great way to build community and knock over a big project in quick time.
Tip: Experienced renovators often recommend working around your existing plumbing fixtures (kitchen sink, toilet, bath, shower, basin), or be ready for a budget blow out.
Time to decide what you can spruce up yourself, and what needs replacement. You can paint more than just walls – with the different types of paint available today you can give new life to kitchen cabinetry, floors, old enamel baths, bathroom basins, concrete paths and even tiles.
Paint is not the only miracle cure. Cleaning hard to get at areas – along with some reorganising and decluttering – can make a big change to your home. You may find it leads to some unexpected solutions and frees up some budget for other things.
Tip: If you’re renovating to add value, look beyond your inside walls. Its estimated painting or rendering the outside of your house will give you a return of approximately $10 for every $1 you spend.
When it’s time to decide what you will need a professional for and what you can do yourself, be realistic. If you’re going to do something you haven’t done before, take the time to learn how to do it – hardware stores often have DIY classes, and even a YouTube video is better than going in with no help at all.
Tip: Electrical wiring, plumbing, gas and anything structural needs professional attention to be safe and legally compliant.
If you’re looking to save by getting materials together yourself, be sure to:
Tip: Measure twice, cut once! Millimetres matter (a lot) in renovation and a wrong measurement can be a costly mistake.
Need some help with your renovation financing or budget? Talk to us on 13 77 28.
QBANK has recently been alerted to fraudulent activity. Queensland Police have today released a warning for members of the public as Automatic Teller Machine (ATM) card skimming devices have been detected on several ATMs across Metropolitan Brisbane.
As these devastating fires continue to engulf our nation, our thoughts are with our emergency services, those helping evacuate and assist on the frontline, and the communities & families that are suffering during this unprecedented disaster.
QBANK is looking forward to helping even more of our members get into the property market for the first time, after being selected as a panel lender under the Australian Government’s new First Home Loan Deposit Scheme (FHLDS).