11 unique ideas that could help you save on renovation

1. Try a working bee

What better excuse to have a barbecue than with a working bee? Get family, friends, neighbours and co-workers together to turn mundane jobs into an afternoon of fun (and toil). Get them painting bedrooms, polishing decks or hammering shelves—while you repay them with a drink and a BBQ.

2. Check out display homes

It’s one thing having an idea in your head—it’s quite another when you see it in front of you. A little known fact about display homes is that when they’re sold, so is the furniture. That’s right—premium furniture and accessories sold at heavily reduced prices. Don’t forget to leave your email address with the builders so you don’t miss their sales.

11 unique ideas that could help you save on renovation

3. Check out the flash new buildings in town

Most of these establishments hire architects and interior decorators which are beyond the budgets of most of us. But scribbling down a few ideas from a new restaurant or bar is free.

4. Barter at garage sales

It’s amazing what people get rid off. Items are a fraction of the retail cost, people are desperate to sell and haggling is expected. Find sales through your local newspaper, or keep an eye out for posters stuck on lamp posts around your neighbourhood.

5. Visit trade fairs

Trade fairs take place all over Australia at different times of the year. Sellers showcase their goods and buyers get the chance to buy stuff at cost price. Be mindful that some fairs require you to have a business registration, or work in that particular trade.

6. Hire a handy-person

They’re inexpensive, experienced and perfect for all manner of odd jobs. Especially the one’s you’ve been putting off because you don’t have the time or skills to complete them. Get your handyperson to build a shed, mount a shelf, or paint a room perhaps.

7. Choose the right season of the year

When travelling, saving money means avoiding peak seasons like Christmas, Easter and school holidays and the same rules apply for renovations. For instance, if you’re planning to install air conditioning, do it in winter when demand is low.

8. Buy from alternative markets

Do flea markets, trash and treasure and car boot sales sound familiar? They’re like garage sales, but on a mighty scale. People gather in large halls or vacant outdoor areas to sell their unwanted goods. Most items are second hand, some even faulty (be careful), but they’re super cheap.

9. Get help from family, friends and online marketplaces

You can ask your family and friends to lend you their time to complete renovation jobs. They may even have equipment you can use instead of having to buy it brand new. If you have to buy, you can look for cheaper options like buying things second-hand.

10. Wait for hard collections

Twice a year some local councils invite residents to throw out large items that can’t be accepted in weekly collections. People ditch all sorts of stuff like mattresses, beds, wood, white goods and appliances. Before you start lugging an oversized piece of wood over your shoulder, just remember to ask permission from the owner (and don’t pick up anything that has a council sticker on it).

11. Buy from a tip

We don’t want you to scavenge through the trash — but instead visit the tip’s shop-front. Some pretty cool stuff gets reused and sold there. You’ll find recycled household material and plants, which means your landscaping might cost you a few gold coins instead of a few hundred bucks.

Source: NAB

Reproduced with permission of National Australia Bank (‘NAB’). This article was originally published at https://business.nab.com.au/ <insert direct link>

National Australia Bank Limited. ABN 12 004 044 937 AFSL and Australian Credit Licence 230686. The information contained in this article is intended to be of a general nature only. Any advice contained in this article has been prepared without taking into account your objectives, financial situation or needs. Before acting on any advice on this website, NAB recommends that you consider whether it is appropriate for your circumstances.

© 2022 National Australia Bank Limited (“NAB”). All rights reserved.

Important:
Any information provided by the author detailed above is separate and external to our business and our Licensee. Neither our business nor our Licensee takes any responsibility for any action or any service provided by the author. Any links have been provided with permission for information purposes only and will take you to external websites, which are not connected to our company in any way. Note: Our company does not endorse and is not responsible for the accuracy of the contents/information contained within the linked site(s) accessible from this page.

Share this post

team

CFP® Dip FP
Authorised Representative 298494
Interprac Financial Planning Pty Ltd 

Darryl Jopling

Senior Adviser

I have worked in the financial services industry since 1982 and as a Financial Adviser since 1999.

I have worked for large Financial Planning businesses, Membership based organisations and looked after the financial planning needs of clients within an Accounting Practice before starting my own business.

I am married, have 4 older children and a grandson and I am keen golfer with mixed results like many .

I have been through many of the strategies I talk with clients about myself and with my family.

I have been through the journey of seeing my parents move into Aged care and negotiated the difficulties and pitfalls of understanding the system for them and this gives me an excellent insight into what is required to assist families at this difficult time.

In a previous roll I used to run retirement seminars looking at Centrelink and Retirement Incomes and how to make these work for you. I have helped many of my clients with Aged Care advice when their parents needed to move into Nursing Homes. For many clients I assist them with superannuation, building wealth and protecting their loved ones with insurance.

I am supported by his, Licensee, Interprac Financial Planning’s in-house resources and ongoing technical, systems and training.

I am committed to understanding your needs and identifying strategies and products to help you achieve your goals.

My guiding principle as an Adviser is to design plans which help to provide my clients with clarity of purpose and the opportunity to build a solid financial foundation.
I will take the time to listen, explain things clearly and keep you informed throughout the advice process.

My experience is complemented by professional qualifications including:

  • Certified Financial PlannerTM Professional
  • Diploma of Financial Planning

At Choice Financial Advice we work with you along the way on life’s journey.

Whether you are getting married, starting a family, embarking on the trip of a lifetime, planning to enjoy your years after work or assisting elderly parents with Aged Care and Nursing Home placements, we can help.