Buying your first property is an unforgettable experience – and it's one of the most important decisions you'll make to set yourself on the path of wealth creation.
And if you've achieved this goal during the current economic times, you've done incredibly well – Congratulations!
As an experienced agency in your area, we know that owning a first home can also be unforgettable if you've never redecorated or renovated.
Every owner has made a terrible decision or two when trying home improvement for the first time. One painted a child's bedroom bright orange, not realising such a playful colour was over-powering to the point of hilarity. Others have knocked down walls and regretted that first swing of the sledgehammer.
So, below, we've listed some common first homeowner laments. We hope you find them a useful guide for what you should avoid doing. And if we can assist you in your property goals, please speak with one of our agents.
In a hurry
It's best to live in your new home for at least six months before making any radical renovation decisions. You should get a feel for how you live in the property, as this will reveal the projects to address first.
Redecorating and picking colours is a skill. Many paint stores will offer colour combinations and wallpapers to make your life easier. If you're in doubt, go with neutrals and soft whites. Matching colours to the period of your home is a nice touch, especially if you have a heritage property.
Stay in your lane
Some tasks should be left to the professionals. Don't overreach on the DIY front. Down the track, when you're ready to sell, buyers will be able to tell which improvements were completed professionally and those that were not. Potentially, this reduces the value of your home.
Cleaning and maintenance
Always consider the cleaning aspect of any improvements. For example, if you lay bathroom floor tiles with white grout, that grout will go an ugly grey quickly. Cleaning it will be a never-ending chore. Similarly, a cheap benchtop is a false economy as it will show grease stains and must constantly be wiped down.
Cheap furniture can spoil the enjoyment of your home. Invest in a comfortable couch and chairs, plus a nice dining table. If you want period furniture, ensure everything matches a theme, otherwise your home will look like a second-hand store. Check out Pinterest and Instagram for inspiration.
Plan your front and back gardens carefully. Do not plant large trees close to utility pipes or so near the home it sheds leaves into the gutters once fully grown.
NOTE: The information in this article is general in nature and provided as a general overview only. Always consult your financial advisor or accountant for advice specific to your personal circumstances.