This is an excellent time for new homeowners to renovate their homes and make them more livable. The Australian Bureau of Statistics (ABS) has reported that lending for renovations rose in March 2021, the highest since 2009, according to ABS data from June 2019. Furthermore, there were 43% higher construction loans over the previous quarter, which ended on February 15th, indicating an increase in demand, not just this year but also next year! Winter is coming soon, and we all know how cold it can get. You want to be prepared for the long winter season, so you don’t have any surprises pop up when everything starts cooling down a little more as fall begins to change into winter! Here are some ideas of updates that your home may need to keep warm this Thanksgiving or Christmas:
Unavoidable renovation for winters
It’s an exciting time of the year when all you can feel is that your home needs some more love. For example, some companies specialize in heating products and installation for residential properties like yours. But if hectic holiday schedules have left you feeling uninspired to get started on winterizing renovations now, don’t worry – we’ve got a preview of what it takes!
If renovating before December sounds tough with so much going on already this season- a good thing I’m here! The first step has been taken care of: find out why heaters are essential during these colder months, then go from thermostat temperature control to flooring insulation. You should complete home maintenance tasks before winter arrives, as the cold and damp conditions can make it difficult for builders to finish work. There are also a lot of things you can do without paying for renovations, like clearing air conditioners and heaters of dust or pollen, cleaning your gutters from leaves that hinder water flow during rainstorms, or servicing your boiler. Hence, there is no chance it will freeze up in an icy environment.
Renovating a home is an expensive process, but it can also be rewarding. It’s always important to figure out what you want before deciding on what to add so that your budget doesn’t get blown through the roof and make sure everything gets done right by communicating with contractors or builders clearly about needs for renovations. Be wise in choosing between projects because some aren’t necessary while others will improve quality of life significantly – no matter how pricey they might seem at first!
Renovation to improve quality of life
Following are the list of renovation that can improve quality of life:-
New Heating System, Insulation, and Lightning
Do you know what’s going to make you feel better on a cold winter day? A new heating system. Not only will it keep your home warm, but if installed correctly and with efficient equipment, it could save tons of money in the long run! But don’t install one without getting an estimate first; after all, that’s why they invented HVAC systems to regulate the temperature inside buildings while using less energy than other forms of heat.
You’ll be thanking your lucky stars you installed a new heating system when the summer heat kicks in, and there are no goosebumps or shivers to speak of. Homes with these features come up at the top of potential buyers’ lists, so it’s worth considering this upgrade for any home that needs one right now! You have a lot to lose when it comes to home insulation. By installing thicker sheets of foam or cellulose, you can save up to 45-55% on heating and cooling costs while also getting back 83% of the installation cost!
The insulation in your home is doing a lot more than you might think. It not only lowers the cost of heating bills but can even make it easier for us to sleep at night by keeping our bedroom cool! You don’t have to spend big bucks on new windows or light fixtures; simple changes like adding some reflective ceiling tiles or changing window positions can also do wonders for your comfort and home value.
You might be wondering why anyone would go to such lengths just for a new look, but solar power has additional benefits that could save you money. Installing one of these panels can lead to saving tens of thousands over the life span on your house’s mortgage and will also reduce what you spend per month on water bills by an average of 90%.
New Bathroom and Kitchen Renovation
You might be wondering if you should renovate your bathroom to upgrade the look, functionality with heat lamps, a heated towel rack, underfloor heating, and the practicality of this room. A recent Housing Industry Association Survey found that, on average, a bath or shower renovation costs $17,522 in 2019 dollars. The cold weather could make it tempting for people like yourself to take long showers or baths more often than usual, which is why modernizing these features can also prove beneficial!
It’s time to get a winter makeover! New kitchens are one of the most common renovations, and as one of the rooms in your house that gets used every day, it could be worth doing during this season. It will cost around $26,280 for an average renovation (not including appliances), according to HIA, but you can add bench lighting or new tiles for some extra comforts when spending those cold days cooking. Giving your kitchen a fresh coat of paint is also another way of adding value before springtime arrives.
New Wooden Floors and Carpets Renovation
Some remodeling projects can be great investments, and one of the best is replacing old flooring with new ones! According to that 2019 Remodeling Impact Report, a 106% return on investment was seen for those who replaced their wooden floors or carpet. Everyone has different preferences when it comes to flooring materials. Some people like the warmth and comfort carpets provide, while others prefer hardwood due to its ability to trap less moisture than carpets. However, if you’re feeling particularly extravagant these days, then underfloor heating would also be an excellent choice as colder areas need all their help in order not to freeze!
Payment Mode For the Winter Renovation
When you want to renovate your home, it can be a daunting task. You have two options: save up for the project or take out a loan. But how do you decide which is best?
A renovation typically costs more than $63k, and that price tag might not fit with what’s available in either of these loans; so whichever option suits your needs better will depend on factors like whether the monthly repayments are manageable or if there’s enough equity built-up in property yet – this depends on where exactly people live too but luckily https://bestmortgagebrokermelbourne.com.au/ here to help!
You’ll be able to spend Australian winters in comfort with our construction loans or get a competitive interest rate on your existing home loan by refinancing. Speak with one of our expert lending specialists today and learn more about how we can help you deck out that new house!