How to plan for your current or future renovation project

To help you get started on your home makeover, here are four ways to kick off your renovation projects

29 October 2020|2 minute read

woman painting wall

There’s so much to be excited about when renovation plans are on the table. But, there’s no two ways about it – renovating can be a stressful project. Here are some ways to kick off your renovation projects effectively.

1. Plan for the future

It’s easy to have a clear vision about how you may want to improve your home, but what can be difficult is making it future proof for any lifestyle changes.

For example, if you’re looking to start a family soon or not sure if you want to stay in the neighbourhood long term, assess whether this investment is realistically suitable for you.

2. Know what’s involved

It’s not just money you’re putting on the line, time is also another consideration.

Project management involves spending a lot of time liaising between suppliers and contractors, being home to provide access and, most importantly, searching the internet long and far for your ideal inspiration pictures!

Council standards and regulations are another consideration to keep in mind.

The types of approvals vary between councils, so it’s a good idea to check this before you get the job underway. This also applies for heritage listings, which have strict regulations around what can and cannot be renovated.

3. Do your research

From your desired look and feel, to the specific features you like and the contractors you may need to engage, there is plenty of information out there for you to soak up!

Do your own research, as well as taking recommendations from your friends and family. This can help make sure you can make an informed decision before you pick your contractors and suppliers.

4. Budget project costs

When it comes to renovations, the cost can differ based on the space you’re renovating and the state you’re in.

Here's a summary of the average project costs by state.

Average kitchen renovation costs by state

State

Hourly rate

NSW

$80 /hr

QLD

$50 /hr

VIC

$55 /hr

SA

$70 /hr

ACT

$62 /hr

 

Average bathroom renovation costs by state

State

Costs

NSW

Hourly Rate: $60 /hr

Total Job: $10,260

QLD

Hourly Rate: $65 /hr

Total Job: $17,000

VIC

Hourly Rate: $55 /hr

Total Job: $8,000

SA

Hourly Rate: $85 /hr

Total Job: $19,200

 

Decking average costs by state

State

Costs

NSW

Rate: $200 /m2

Total Job: $5,150 total

QLD

Rate: $185 /m2

Total Job: $9,000 total

VIC

Rate: $190 /m2

Total Job: $14,180

WA

Rate: $170 /m2

Total Job: $8,400 total

 

Aussie can help you get there

For more help on how refinancing can help you save for your renovation project, speak to your local Aussie Broker about whether refinancing could be an option for you.

Thinking of refinancing?

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Confused about refinancing?

You may be eligible for a lower rate on your home loan.

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It's important your home loan represents your current circumstances.

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