How to renovate for less: A room by room guide
Kevin McCloud is invariably appalled when the ambitious home renovators on Grand Designs quickly surpass their renovation budget and timeline. But it’s also rare for him not to be completely charmed by the outcome.
The basic goal for any home reno is to achieve that starry-eyed Kevin result and increase the value of your property, without emptying your bank account along the way. After you’ve found the best way to fund your project, approach this task by focusing on the most cost-effective changes you can make in each area of your home.
Some rooms are the clincher for prospective buyers or renters, so start at the top of this list and work your way down to tick off essential renovation areas. We’ve gone bargain hunting, crunched the numbers, and reckon you can pull-off a basic budget reno for around $10,500. But don’t base all your estimates on that target, as prices for materials and services vary.
Kitchen
The kitchen is always a major player in the home renovation game and can make the value of your property soar. Upgrades on big-ticket appliances could cut into your budget here, but you can offset some of those costs by making other simple changes yourself.
Start by assessing storage: if the cupboards are sufficient and intact, a swipe of paint and fresh door handles could easily make the kitchen shine (just remember to clean and sand down everything properly). Reckon you’ve got some DIY talent? Consider replacing outdated benchtops yourself. Hardware stores like good old Bunnings have facilities for cutting benchtops to size and will help walk you through the installation process .
Lighting is a big part of any kitchen. If you’ve got a daggy light fixture casting a dim glow to cook by, look into replacing it with LED down lights or track lighting. As with all your colour and material choices, stick with simple options, as trendy statement pieces can quickly become passing fads.
Kitchen shoestring budget: $3,500
Bathroom
Bathrooms are the next major investment you’ll want to investigate as a budget renovator. As with kitchens, more extensive makeovers which involve plumbing and restructuring will become costly, but there are some cheaper alternatives which produce sparkling results.
Changing tapware, refreshing cupboards and even painting tiles (which requires a specially designed paint) is do-able as a construction novice, but you might want to bring in the pros to replace bathroom vanities and shower screens. As long as you’re not moving any plumbing around, costs shouldn’t climb too high.
Bathroom shoestring budget: $2,000
Outdoor areas
If you’ve got room to move in a grassy backyard or front garden, look at painting fences a dark green to blend in with foliage and make the area feel larger. While extensive landscaping will dig into your budget, a cost-effective way to spruce up the facade of your building or your back garden is with native plants. They’re often cheaper than their exotic counterparts and easier to grow in the Australian climate (they’re locals, after all). Simple and regular pruning will ensure they stay looking fresh.
The entry to your house is also important, particularly for upping the curb appeal of street-facing properties. Give a good firs t impression by giving the front door a lick of paint and a shiny new handle. Also look out for any scruffy walkways with errant weeds. You can refresh these with a budget path of river stones or pebbles which are cheapest when bought in bulk.
Outdoor shoestring budget: $1,000
RELATED ARTICLE: 5 online personal loans you can apply for right from home.
Laundry
This oft-forgotten room can be a real renovation game changer. Especially in space-scarce city dwellings, an independent laundry room can be a luxury. Make the most of this by giving it a similar treatment to the bathroom. You could also install a door with a panel allowing light through to make these generally minimal spaces feel larger.
Laundry shoestring budget: $1,000
Bedrooms and living spaces
Apart from a neutral coat of paint and fresh flooring, there’s often not much work to be done to rejuvenate a living room or bedroom. If you’re preparing for a big DIY paint job, consider buying in bulk and using cheaper trade brands for undercoats and ceilings, so you’ll save on scale and can splurge for the fancy final layer.
You’re generally seeking maximum floor space when it comes to these rooms, so throwing a large mirror into the mix is a good styling solution to give the illusion of a larger room. It’s also worthwhile to look at new blinds or window finishings to make these rooms pop, and adding built-in wardrobes in the bedroom will be an attractive feature for anyone not keen on bulky cabinets.
If you live in an older property, you might consider combining cramped living and dining spaces into an open-plan style which feels more functional and can add extra natural light from multiple aspects. This’ll be a more costly endeavour, especially if a support beam is required, so always factor in the potential profit compared to the investment costs.
Bedroom and living room shoestring budget: $3,000
Savvy renovators keeping an eye on their home emissions and construction waste can find more ways to save using these sustainable renovation tips. And those looking to finance a smaller job beyond their savings bundle can check out the personal loan options below.
Compare renovation loans
-
Home Improvement Loan
Excellent Credit, $5,000 - $100,000
interest rate
comparison rate
Monthly repayment6.57% p.a.to 8.39% p.a.7.19% p.a.to 8.75% p.a.based on $30,000
over 5 yearsGive your home a refresh with the 2025 Mozo award-winning provider OMM. Borrow up to $100,000 for loan terms 1-7 years. Flexible weekly, fortnightly or monthly repayment options. No monthly, early repayment or exit fees. Fast 100% online application.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,278.12 including fees.
CompareCompare- interest rate
- 6.57% p.a.to 8.39% p.a.
- comparison rate
- 7.19% p.a.to 8.75% p.a.based on $30,000
over 5 years
- interest rate
- 6.57% p.a.to 8.39% p.a.
- comparison rate
- 7.19% p.a.to 8.75% p.a.based on $30,000
over 5 years
- Upfront fee
- On Application
- Monthly fee
- -
- Exit fee
- -
- Repayment options
- Weekly, Fortnightly, Monthly
- Early repayment penalty
- -
- Minimum loan amount
- $5,000.00
- Maximum loan amount
- $100,000.00
- Minimum loan term
- 1 Year
- Maximum loan term
- 7 Years
- Security required
- Unsecured
- Other benefits
- -
- Other restrictions
- -
Read reviews and learn more about OurMoneyMarket personal loans
-
Unsecured Personal Loan
Fixed
interest rate
comparison rate
Monthly repayment6.75% p.a.to 26.95% p.a.6.75% p.a.to 26.95% p.a.based on $30,000
over 5 yearsBorrow up to $50,000 unsecured. Perfect if you earn more than $22,100 p.a. and have good to excellent credit. Multi-year winner of Mozo’s Experts Choice Unsecured Personal Loan Award, 2021, 2022, 2023 & 2024^'
Repayment terms from 2 years to 7 years. Representative example: a 5 year $30,000 loan at 6.75% would cost $35,430.23 including fees.
CompareCompare- interest rate
- 6.75% p.a.to 26.95% p.a.
- comparison rate
- 6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
- interest rate
- 6.75% p.a.to 26.95% p.a.
- comparison rate
- 6.75% p.a.to 26.95% p.a.based on $30,000
over 5 years
- Upfront fee
- $0.00
- Monthly fee
- $0.00
- Exit fee
- $0.00
- Repayment options
- Weekly, Fortnightly
- Early repayment penalty
- 0
- Minimum loan amount
- $5,000.00
- Maximum loan amount
- $50,000.00
- Minimum loan term
- 2 Years
- Maximum loan term
- 7 Years
- Security required
- Unsecured
- Other benefits
- -
- Other restrictions
- Rates based on borrower with excellent credit score. Maximum 3 year term for loan amounts $8,000 or less.
Read reviews and learn more about NOW Finance personal loans
-
Low Rate Personal Loan
Excellent Credit, $5,000 - $75,000
interest rate
comparison rate
Monthly repayment6.57% p.a.to 8.39% p.a.7.19% p.a.to 8.75% p.a.based on $30,000
over 5 yearsCompetitive low rates for borrowers with excellent credit on 1-7 year loans from $5,000 up to $75,000, plus free extra repayments. Winner of Mozo's Experts Choice Excellent Credit Unsecured Personal Loan 2024 and Excellent Credit Secured Personal Loan 2024 awards ^. Min. income of 25k after tax, to apply.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.
CompareCompare- interest rate
- 6.57% p.a.to 8.39% p.a.
- comparison rate
- 7.19% p.a.to 8.75% p.a.based on $30,000
over 5 years
- interest rate
- 6.57% p.a.to 8.39% p.a.
- comparison rate
- 7.19% p.a.to 8.75% p.a.based on $30,000
over 5 years
- Upfront fee
- $250.00
- Monthly fee
- $0.00
- Exit fee
- $0.00
- Repayment options
- Weekly, Fortnightly, Monthly
- Early repayment penalty
- $0.00
- Minimum loan amount
- $5,000.00
- Maximum loan amount
- $75,000.00
- Minimum loan term
- 1 Year
- Maximum loan term
- 7 Years
- Security required
- Unsecured
- Other benefits
- -
- Other restrictions
- Rate for Excellent Credit. Establishment fee varies from $250 and is based on your OurMoneyMarket loan grade and total loan amount. The fee is added to the principal amount and paid over the loan term.
Read reviews and learn more about OurMoneyMarket personal loans
-
Unsecured Personal Loan
interest rate
comparison rate
Monthly repayment6.56% p.a.to 21.99% p.a.6.56% p.a.to 22.79% p.a.based on $30,000
over 5 yearsCompetitive fixed rates for borrowers on 1-7 year loans from $5,000 up to $50,000. $0 monthly fees and no early repayment fees to pay. Fast application process on the Revolut app. According to Revolut and subject to loan approval, you'll receive your money into your Revolut account straight away.
Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.56% would cost $35,768.68 including fees.
CompareCompare- interest rate
- 6.56% p.a.to 21.99% p.a.
- comparison rate
- 6.56% p.a.to 22.79% p.a.based on $30,000
over 5 years
- interest rate
- 6.56% p.a.to 21.99% p.a.
- comparison rate
- 6.56% p.a.to 22.79% p.a.based on $30,000
over 5 years
- Upfront fee
- $499.00
- Monthly fee
- $0.00
- Exit fee
- $0.00
- Repayment options
- Monthly
- Early repayment penalty
- 0
- Minimum loan amount
- $5,000.00
- Maximum loan amount
- $50,000.00
- Minimum loan term
- 1 Year
- Maximum loan term
- 7 Years
- Security required
- Unsecured
- Other benefits
- For 6 and 7 year loan terms, rates are available from Revolut on request. Establishment fees range from $0-$499, are quoted on application and added to the loan amount.
- Other restrictions
- -
Read reviews and learn more about Revolut personal loans
Your selected home loans
Your selected home loans
Your selected home loans
Your selected home loans
* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.
^See information about the Mozo Experts Choice Personal Loan Awards
Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.
While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.