Home renovations can lead to smart gains

A fresh coat of paint makes a world of difference.

It's hard enough getting into the property market these days, and for many of us, it means buying a home that isn't necessarily our dream home. And the house purchase can often stretch your finances, so any renovation or DIY projects are probably going to be done in baby steps in those early years.

Before you start any improvements to your home, do your research to make sure you are in fact adding value. Don't over capitalise, but do be smart about how you spend that hard-earned money. Consider inviting a local real estate agent over to give you an appraisal and advice on what to prioritise for future gain. Head to open homes and research sale prices in your area. You'll be inspired, and become more informed about property features, and the values they're gaining in your neighbourhood.


Getting into the property market is hard enough. Small renovations can slowly turn your house into your dream home.

Let's start outside with street appeal. An attractive front entrance and garden will not only be a welcoming sight when you return home, but will be a major selling point in the future. Consider repainting or replacing your front door. Get help from a pro to create a landscaping plan – one that you can implement gradually as budget allows. Gardens take time to mature so starting early is key.

Our lifestyles today lend themselves to plenty of indoor-outdoor flow and lots of open living, dining and kitchen areas. With summer fast approaching, now is the time to create that outdoor entertainment area that will make you the envy of all your friends.


Re-doing the flooring in the kitchen can change the entire look and feel of the space.

The kitchen is where even a small revamp can make a big difference. Sometimes replacing just the fronts of cupboards is all you need to do, or if you have lovely old native timber hidden under layers of paint, strip it back, oil it up and you've got a smart new look. Gradually adding new appliances can complete the transformation.


The bathroom is another must-do area for impact, but again, small steps can lead to big gains. Get rid of those old fashioned colours or wallpapers, and either a fresh coat of paint, a textured feature wall or new tiles can update the look.

A fresh coat of paint always makes a world of difference wherever it is done and is an easy weekend project. Once completed, you will wonder what took so long to get started.


Bedrooms deservedly get a lot of attention and new paint and carpet, or stripping back wooden floors, are relatively easy projects you can tackle yourself. Introducing a well-thought out walk-in master wardrobe and tying it in with a revamped master en-suite will add some real value to your home.

While you may not be able to alter your mortgage, a personal loan is a great alternative to start making your mark on your new home. A Gem Home Renovation Loan is a great place to start and a quick response means your projects could be underway pronto. Apply for a Gem Home Renovation Loan easily online.

Gem offers flexible payment options, and you can make lump sum payments anytime to save you interest and no penalty fee for paying early.

Things you need to know

Credit and lending criteria, $240 establishment fee, terms and conditions apply. Gem Personal Loans are provided by Latitude Financial Services Limited.