The Mozo Team's tips for renovating on a budget

By Gabriella Margerison · · 2 min read
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Mum and daughter painting

Whether you’re a hands-on homeowner, or need a little encouragement from the other half, renovating your home can have its benefits. If you’re looking to modernise your kitchen, open up your living room, or update your bedroom; upgrading what you already have can be a great way to add value to your property, whilst enjoying the luxuries of a modernised living space.

The reality is; revamping your home doesn’t have to cost a fortune if you think outside the box and do a little research. So where does one begin? Well, some of the team at Mozo have given us their tips on ways they’ve renovated without blowing the budget. Check them out…

Gabe Wilkinson - Senior Account Manager

A fresh paint job can do wonders for any living space. I like to pick colours that are light and cooling, then do a feature wall that really pops. I found some great techniques on youtube and managed to transform my home office under budget.

AJ Duncanson - Data Service Director

You can really change the feel of a space by re-thinking the lighting. Something as simple as a wall light, a statement pendant light, or a standing lamp can transform any room. Check out Kmart or Gumtree for low cost options, you’ll be surprised what you can find.

Felicia Willeam - Graphic Designer

My kitchen was feeling very outdated, but to fully renovate it would’ve blown the budget. After a little research, my partner and I repainted the cupboard doors, changed the door handles and added a waterproof coat of colour to the bench-top and it looks completely refreshed.

JP Pelosi - Managing Editor

Add a touch of nature to your home by adding a few low maintenance plants to any room. This also goes for the outdoors. I recently added a low-cost plant bed outside of my bathroom window, it has transformed the view and added privacy too.

Gabriella Margerison - Senior Copywriter

The dreary old curtains were really taking its toll on the whole look and feel of my bedroom. A quick trip to Spotlight and some breezy new curtains have really lifted up the ambience in the bedroom that I'm now considering changing them in every room!

Want to take your home reno to the next level? Head to our loan comparison page to compare your options.

Personal loan comparisons on Mozo - last updated 18 May 2022

Search promoted personal loans below or do a full Mozo database search. Advertiser disclosure
  • Featured Product
    Low Rate Personal Loan

    Excellent Credit

    interest rate
    comparison rate
    Monthly repayment
    5.45% p.a.to 8.48% p.a.
    6.07% p.a.to 8.84% p.a.based on $30,000
    over 5 years

    OurMoneyMarket offer competitive low rates for borrowers with excellent credit on loans up to $75,000, plus free extra repayments and fee-free redraw facility. Winner of Mozo's Experts Choice Unsecured Personal Loan 2021 award^.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 5.45% would cost $34,590.57 including fees.

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    Details
  • Personal Loan

    Unsecured, Fixed, Excellent Credit

    interest rate
    comparison rate
    Monthly repayment
    6.39% p.a.to 7.89% p.a.
    6.39% p.a.to 8.49% p.a.based on $30,000
    over 5 years

    With low rates for borrowers with excellent credit, a quick 1 minute rate estimate and simple online application, there’s a lot to love about this loan! You’ll not only benefit from no exit fees, there are also no early repayment fees. You could qualify by simply earning above $25,000 and you’ll be on the way to start spending (other eligibility criteria may apply).

    Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 6.39% would cost $35,126.40 including fees.

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    Details
  • Home Improvement Loan

    Fixed, Unsecured

    interest rate
    comparison rate
    Monthly repayment
    5.75% p.a.
    5.96% p.a.based on $30,000
    over 5 years

    Handypay offers flexible home improvement loans for Excellent Credit or better. Handypay is a specialist home improvement plan provider and offers loans up to $75,000.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 5.75% would cost $34,840.18 including fees.

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  • Unsecured Personal Loan

    Fixed

    interest rate
    comparison rate
    Monthly repayment
    5.35% p.a.to 19.09% p.a.
    6.14% p.a.to 19.99% p.a.based on $30,000
    over 5 years

    Fast, easy and 100% online, this is a low cost loan with no ongoing fees or extra repayment penalties. It's perfect for savvy borrowers with great credit. If you’re over 18 and earn above $30,000, you could qualify (other eligibility criteria may apply).

    Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 5.35% would cost $34,832.61 including fees.

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  • Unsecured Personal Loan

    Fixed

    interest rate
    comparison rate
    Monthly repayment
    5.95% p.a.to 17.45% p.a.
    6.79% p.a.to 17.86% p.a.based on $30,000
    over 5 years

    Wisr offers personal loans for any worthwhile purpose, tailored to your credit score to ensure you’re getting a fair deal. Plus, no ongoing or early exit fees. Loans from $5,000 to $79,000. Terms of either 3, 5 or 7 years. $595 establishment fee. Eligibility criteria applies.

    Repayment terms from 3 years to 5 years. Representative example: a 5 year $30,000 loan at 5.95% would cost $35,352.21 including fees.

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    Details
  • Featured Product
    Mozo Expert Choice Badge
    Unsecured Personal Loan

    Fixed

    interest rate
    comparison rate
    Monthly repayment
    5.95% p.a.to 19.95% p.a.
    5.95% p.a.to 19.95% p.a.based on $30,000
    over 5 years

    Borrow up to $50,000 unsecured. Perfect if you earn more than $22,100 p.a. and have good to excellent credit. Back to back winner of Mozo’s Experts Choice Unsecured Personal Loan Award, 2021 & 2022^.

    Repayment terms from 2 years to 7 years. Representative example: a 5 year $30,000 loan at 5.95% would cost $34,757.21 including fees.

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* 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

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