
How to improve the value of your home

Whether you’re upgrading from a bachelor pad, downsizing from an empty nest, moving across country or just looking for something a little more your style, moving out of your home can be a huge upheaval.
There are heaps of things to consider - finding a mover, packing boxes, making sure the dog doesn’t get left behind - but as well as all that, you’ve got to think about selling your old home and getting the most bang for your buck out of it.
Now, usually we’re on the other end of things - helping buyers save money on their home loans. But this time, we’ve decided to save you time, by trawling through every home improvement mag, renovation blog and property article we could find to bring you the top tips for raising the price tag on your home before it goes on the market. Here are some of the top tips the experts recommend.
Home Loan Comparison Table - last updated 11 December 2023
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Featured Product
Mozo experts choice awards won:
- Low Cost Home Loan - 2023
Unloan Variable
Owner Occupier, Refinance Only, LVR <80%
interest rate
comparison rate
Initial monthly repayment5.74% p.a. variable5.65% p.a.For refinancers only. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply in as little as 10 minutes.
CompareCompareUnloan Variable
For refinancers only. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for borrowers. No application or banking fees. No monthly account keeping or early exit fees. Apply in as little as 10 minutes.
- interest rate
- 5.74% p.a. variable
- comparison rate
- 5.65% p.a.
- interest rate
- 5.74% p.a. variable
- comparison rate
- 5.65% p.a.
- Upfront fees
- $0
- Ongoing fees
- $0.00
- Discharge Fee
- $0.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 80.00%
- minimum borrowing amount
- $10,000
- maximum borrowing amount
- $10,000,000
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the Unloan Unloan Variable
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Home Variable Rate
Owner Occupier, Principal & Interest, Refinance Only
interest rate
comparison rate
Initial monthly repayment6.15% p.a. variable6.15% p.a.Enjoy a competitive variable interest rate from Up. No application, monthly, annual, redraw, or discharge fees to pay. Up to 50 free offset accounts available. Up home loans are only available to owner-occupiers buying or refinancing in major Australian cities. Up is 100% owned by Bendigo Bank. New joiners get $10 by signing up to the app using code UPHOMEMOZO. (T&Cs apply) Mozo Experts Choice award winner.
CompareCompareHome Variable Rate
Enjoy a competitive variable interest rate from Up. No application, monthly, annual, redraw, or discharge fees to pay. Up to 50 free offset accounts available. Up home loans are only available to owner-occupiers buying or refinancing in major Australian cities. Up is 100% owned by Bendigo Bank. New joiners get $10 by signing up to the app using code UPHOMEMOZO. (T&Cs apply) Mozo Experts Choice award winner.
- interest rate
- 6.15% p.a. variable
- comparison rate
- 6.15% p.a.
- interest rate
- 6.15% p.a. variable
- comparison rate
- 6.15% p.a.
- Upfront fees
- $0
- Ongoing fees
- $0.00
- Discharge Fee
- $0.00
- Extra repayments
- yes - up to $30,000
- Redraw facility
- yes - free
- Offset account
- yes
- Maximum loan to value ratio
- 90.00%
- minimum borrowing amount
- $50,000
- maximum borrowing amount
- $10,000,000
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the Up Home Variable Rate
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Mozo experts choice awards won:
- Packaged Home Loan - 2023
Variable Rate Home Loan Special Offer
Package, Owner Occupier, Principal & Interest, LVR<80%
interest rate
comparison rate
Initial monthly repayment6.14% p.a. variable6.51% p.a.Package benefits across Home Loans, Visa Credit Card, Personal Loans and Term Deposits. No package fee for the first year. No application, settlement or redraw fees to pay. Quick and easy application. Free CoreLogic RP Data property reports. *Terms, conditions and lending criteria apply.
CompareCompareVariable Rate Home Loan Special Offer
Package benefits across Home Loans, Visa Credit Card, Personal Loans and Term Deposits. No package fee for the first year. No application, settlement or redraw fees to pay. Quick and easy application. Free CoreLogic RP Data property reports. *Terms, conditions and lending criteria apply.
- interest rate
- 6.14% p.a. variable
- comparison rate
- 6.51% p.a.
- interest rate
- 6.14% p.a. variable
- comparison rate
- 6.51% p.a.
- Upfront fees
- $0
- Ongoing fees
- $395.00 yearly
- Discharge Fee
- $350.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- yes
- Maximum loan to value ratio
- 80.00%
- minimum borrowing amount
- $150,000
- maximum borrowing amount
- -
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Weekly, Fortnightly, Monthly
- Special Offers
- $0 package fee for the first year.
Read our Mozo Review to learn more about the Credit Union SA Variable Rate Home Loan Special Offer
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Mortgage Simplifier
LVR<80%, Owner Occupier, Principal & Interest
interest rate
comparison rate
Initial monthly repayment6.14% p.a. variable6.43% p.a.Get a competitive variable rate with ING’s Mortgage Simplifier. Free extra repayments, no monthly or annual fees. Freedom to make free extra repayments or redraws. Winner of Australia’s Best Essential Bank in the Mozo Experts Choice Awards.
CompareCompareMortgage Simplifier
Get a competitive variable rate with ING’s Mortgage Simplifier. Free extra repayments, no monthly or annual fees. Freedom to make free extra repayments or redraws. Winner of Australia’s Best Essential Bank in the Mozo Experts Choice Awards.
- interest rate
- 6.14% p.a. variable
- comparison rate
- 6.43% p.a.
- interest rate
- 6.14% p.a. variable
- comparison rate
- 6.43% p.a.
- Upfront fees
- $299
- Ongoing fees
- $0.00
- Discharge Fee
- $250.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 80.00%
- minimum borrowing amount
- $150,000
- maximum borrowing amount
- $2,000,000
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Owner Occupier
- Repayment options
- Fortnightly, Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the ING Mortgage Simplifier
-
Featured Product
Mozo experts choice awards won:
- Low Cost Home Loan - 2023
Unloan Variable
Investment, Refinance Only
interest rate
comparison rate
Initial monthly repayment6.04% p.a. variable5.95% p.a.For refinancers only. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for investors. No application or banking fees. No monthly account keeping or early exit fees. Apply in as little as 10 minutes.
CompareCompareUnloan Variable
For refinancers only. Built by CommBank, the Unloan is the first home loan with an increasing discount (conditions apply) for investors. No application or banking fees. No monthly account keeping or early exit fees. Apply in as little as 10 minutes.
- interest rate
- 6.04% p.a. variable
- comparison rate
- 5.95% p.a.
- interest rate
- 6.04% p.a. variable
- comparison rate
- 5.95% p.a.
- Upfront fees
- $0
- Ongoing fees
- $0.00
- Discharge Fee
- $0.00
- Extra repayments
- yes - free
- Redraw facility
- yes - free
- Offset account
- no
- Maximum loan to value ratio
- 80.00%
- minimum borrowing amount
- $10,000
- maximum borrowing amount
- $10,000,000
- type of mortgage
- Variable
- Repayment types
- Principal & Interest
- Availability
- Investor
- Repayment options
- Weekly, Fortnightly, Monthly
- Special Offers
- -
Read our Mozo Review to learn more about the Unloan Unloan Variable
Top tips to improve your home’s selling price
Open up the space

Moving the oven and breakfast bar makes this space open and inviting. Source: Home Decorating
Open, airy spaces are inviting, customisable and very attractive to potential buyers. While you don’t have to update to an ultra-modern, open floor plan, flowing living spaces and easy to navigate bathrooms and kitchens are the big draw here.
Easy fix: Take a look at easy to remove cabinets or kitchen cupboards and even free-standing furniture. Anything that obstructs a nice clean line of sight through living areas needs to go.
Step it up: Consider knocking out awkwardly placed walls (as long as they’re not structural!) or fixtures that disrupt the flow of a room.
Let the light in

Natural light and modern, bright lighting goes a long way. Source: Houzz
One of the best things you can do for your home’s selling price is to get as much natural light in your rooms as possible. It’s also worth taking a look at your lighting fixtures - they don’t have to be brand new, but if you’re still rocking a stained glass ceiling light from the 70’s, an upgrade could lift the whole room.
Pro tip: Is your home cramped? No problem. Try installing some high wattage lights to make small spaces feel large. Or, going the other way, warm yellow lights will give your rooms a homey feeling.
Easy fix: Swap out old light fittings for new, modern fixtures that will provide your rooms with bright light. For natural light, trim back any trees or hedges that might be obscuring your windows.
Step it up: Install some skylights or new windows to bring sunshine into your house. You can also replace the glass in existing windows. As for electrical lighting - dimming switches are popular, and there’s no end to what you can do with your light fittings.
Think about your surroundings
Getting rid of overgrown hedges really opens this home up, and the path is a nice touch! Source: Pinterest
Your garden or yard is one of the first things a potential buyer will see - so make sure it’s neat and tidy. This one is great because it’s something you can mostly do yourself as long as you have a little bit of gardening know how and a sunhat. Another thing to think about is the safety of any trees in your yard. Do they pose a risk to the house or its occupants from falling branches?
Easy fix: Prune hedges, keep your lawn watered and mown, weed the flower beds. Keeping your front fence well-maintained is a quick way to give your yard a facelift.
Step it up: You can hire a landscape gardener if you’re really serious and your budget will allow it, but you can also D.I.Y your landscaping - plant flowers or shrubs and even build yourself features like a garden path.
Put your best foot forward

A fresh coat of paint breathes new life into this home. Source: Little House Design
First impressions count, so make your front door and facade inviting - you don’t want a potential buyer to drive down your street and realise they’re about to inspect the block’s haunted house. Think about trying to maintain the style of the neighbourhood if there is one.
Easy fix: Fix broken windows, clean out gutters and slap on a fresh coat of paint. A working doorbell is a cute, slightly kitschy touch that a lot of buyers love!
Step it up: Awnings or porticoes are a huge draw - searching for your keys at 2 am in the rain is always much nicer with an awning overhead. New window fittings and shutters can also make a house look more inviting, as will a newly paved driveway.
Start small

Little maintenance jobs make a huge difference to the value of your property. Source: O’neill Painting
You don’t have to make huge changes to increase the value of your home - in fact, sometimes it’s the littlest things that make the biggest difference. Keep up with repairs and maintenance because these are small imperfections that the discerning buyer might notice and just a couple of hundred dollars in small fixes can add thousands to your home's value.
Easy fix: Repair leaky taps, clean out your rain gutters, replace the occasional broken tile, fix broken window panes. Basically, if it’s broken, fix it.
Step it up: Take your repairs to the next level by updating your hot water or plumbing systems, and checking your insulation and electrical work is up to standard.
Go green

We’re getting more and more conscious of our energy use these days, so while this one might cost a little more, money-savvy buyers will see the long term benefits. Setting your house up for green energy means you’re not only being environmentally friendly, but you’re also laying the groundwork for saving on future energy bills.
Easy fix: Fix problem areas that might be letting draughts into your home and think about installing blinds or shutters to help regulate temperature.
Step it up: Think about installing solar panels or updating your aircon if it’s old and inefficient.
From the bottom up

Uniform, stylish flooring gives this entryway a clean, classic look. Source: Home Heavens
What’s the first thing to go on every renovation show you’ve ever seen? The ratty old carpet. Think about what’s beneath your feet before you put your home on the market. Timber floorboards are classic and versatile, but there are also a heap of great alternatives around. If you’re going with floorboards, engineered hardwood is a good bet, and floating cork beats cork tile, which can peel up over time.
Easy fix: Look for creaky floorboards and do a few minor repairs with a hammer and some nails. Give carpets or lino a good clean.
Step it up: Pull up your old carpet and then sand and polish the floorboards for a classic look. Or, if floorboards aren’t your thing, think about laying some cork, or even nice new carpet.
Upgrade the important bits

Retiling this bath makes all the difference and modernises this bathroom in a big way. Source: Home Heavens
The kitchen and the bathroom are the heart of your home as far as the property market is concerned and upgrades in these rooms are a sure bet for upping value. Wear and tear can really show here, so it’s definitely worth considering an upgrade. Major renos can be expensive, but you can also invest in some small fixes for a lot less.
Easy fix: A deep clean can’t go wrong - scrub tile grout, remove rust stains, search out mould and get rid of it with a vengeance. If you don’t want to go for an all out reno, little updates like new cabinet fittings or tap faucets can make a huge difference to the look of a room.
Step it up: In some cases, you might opt to completely gut your kitchen or bathroom and redo the entire thing, especially in old houses where changing a faucet won’t make a difference to the creaky pipes behind it. Unless you know you’re plumbing, it’s probably a good idea to get a professional on board for jobs like this.
The big picture

There’s a difference between a home you’ve decorated to suit your style, and one that’s staged for sale. Source: Houseplans.com
When preparing your home to sell, remember that it’s not about your personal taste, but what will invite buyers to imagine themselves living in a house. As a general rule, go for neutral palettes and classic designs - things a buyer can adapt to meet their own taste and style. Empty rooms can be a turnoff for buyers, but so can overly personal touches that may seem puzzling.
Think of it this way: when you’re selling, you’re not trying to sell your home - you’re trying to sell a house that someone else can make home.
D.I.Y vs Professional help
If you’re willing to embrace your inner renovator and set aside a few weekends to get it done, a lot of these tips are things you can do yourself, from pulling up weeds to a fresh coat of paint, even through to minor plumbing fixes.
But it’s good to be realistic. If your handyman skills are not quite up to scratch, not only can it cost you more money in the long run, but you might end up with a reno job that actually lowers the value of your home. Quick fixes and rough jobs can turn buyers off quick smart.
It’s also a good idea to have a professional take a look at the structural integrity of your home. While it might not be as obvious to buyers straight away, flaws in your foundations or roof could mean a sale falls through later on.
How to fund your house upgrades
You’re supposed to be making money, right? So how much will all this cost? Well, you can spend as much or as little as you like really. Do some gardening for next to nothing, spend a couple of hundred dollars on little repairs or a few thousand on bigger jobs - whatever your budget will allow. But generally speaking, all these improvements will see a return on your money in the long run.
If your current budget won’t stretch quite as far as you might like, there are definitely some options to make your improvements happen anyway. For small jobs up to around $40,000, check out a competitive personal loan. Or, if you’re looking at really overhauling before you slap a price tag on your home, check out a refinancing home loan.
* WARNING: 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. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.
** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.
^See information about the Mozo Experts Choice Home Loan Awards
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