The best home renovation apps to inspire upgrades

The best home renovation apps to inspire upgrades

The right loan can help you renovate your home, but before you get to that point, take a moment for yourself and work out what you’ll do differently with these handy apps.

Even if you love where you live, there are times when a change can do some good. In your life, it could just be a new hairstyle or wardrobe, but at home, the results can be bigger.

The home renovation is a great way to breathe new life into a home, especially if you’re feeling like where you’re living is getting a little stale.

You’ll need some finances to make it happen, but before you get to that point, it’s worth focusing on what sort of renovation you want to undertake. Will it be simple, or supremely complex? Do you have the time or money for something more than a coat of paint?

A great place to start with home loan renovations is a home loan renovation app, because if you have a recent phone or tablet, you probably have the tools to see what can be done. All you need is a bit of time, some vision, and an app or two.

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Pinterest

Price: Free

Scrapbooking ideas generally starts online, and that’s what Pinterest is for, allowing you to pick the ideas up from the online mega-mall that is the internet and place them in an album.

Find pictures online of your dream house and of all the ways you think you could change your home – enough for you to kickstart that renovation dream, share them with friends and family, or maybe even that interior designer you’re friends with.

Find Pinterest on Android or iPhone and iPad.

Houzz

Price: Free

Need a bit of inspiration from professional designers, decorators, and architects before you pick up the tools? Maybe you need to find a professional to help you make it happen?

Houzz brings the inspiration together with the places to make those ideas into a reality, letting you browse from a marketplace of furniture and interior design options, and creating what is basically your own look-book of room ideas.

Find Houzz on Android or iPhone and iPad.

Magicplan

Price: Free

Knowing how much room you have to work with is more helpful with an architectural plan, but unless you have one sitting around, you may not find it so easy. Fortunately, there’s an app for that.

Magicplan uses the power of your phone’s camera to map out your home, providing an architectural layout and assembling it with your phone or tablet, almost like magic.

Find Magicplan on Android or iPhone and iPad.

IKEA Place

Price: Free

With a few ideas down, you might have the urge to replace some furniture. After all, a little furniture can change the look and feel of a place dramatically, though it can take some planning to find what works best.

Fortunately, that little supercomputer you call a “phone” has some experience in this area, and can assist with a simulation of furniture before you buy it.

The “IKEA Place” app is one example of an app that can let you try before you buy, throwing in a virtual 3D version of IKEA furniture items into your home before needing to drive out and assemble something new with the obligatory Allen Key.

Find IKEA Place on Android or iPhone and iPad.

Home Harmony

Price: Free

Furniture is one side of a renovation, but walls and floors is the other one, and it’s an area that can be hard to imagine. Apps can help though, even if the results may not be as cool as watching your favourite Swedish furniture shop materialise a sofa in your home before your very eyes.

The occasionally buggy (at least in our play) Home Harmony can let you paint walls and try out new floors inside of an app, giving you an idea as to what a renovation could look like in your own home.

Find Home Harmony on iPhone and iPad.

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Finding a loan to get a renovation started

With your ideas ready to go, a home renovation isn’t far away, and you just need to put those dreams into reality, starting with the right type of loan.

Regardless of the type of loan, you’ll end up paying money over time. Fortunately, finding the best loan can be as simple as checking out this site, with RateCity providing the resources needed to find renovation loans.

If your home renovation is about the walls, the decoration, and the furniture, you may want to consider a personal loan for your needs. A browse through RateCity’s Personal Loan Marketplace could provide what you’re after, delivering the resources needed to start those home renovation plans as soon as possible.

Customers who already have a home loan may have an offset account, and if so, they may find the ability to draw from that account to pay for some renovations. Alternatively, if your home renovation is likely to be a little bigger and may need the work of some hard-hatted individuals, you may want to consider a construction loan.

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Learn more about personal loans

Can I merge my personal loan with my home loan?

Yes, you can refinance your home loan and, in the process, merge or consolidate your personal loan and home loan. By doing so, you can lower the number of debts you have, and you may also reduce the total interest you have to pay.

However, you should consult a financial advisor or a mortgage broker to confirm that you are decreasing your total outstanding debt, including interest payments. The repayment term for a home loan can be much longer than that for a personal loan, and by merging the two, you could be repaying a higher amount over the full term.

Are there low doc personal loans?

Self-employed borrowers may be eligible for low doc personal loans, which require less documentation in their application process than many other personal loan options.

It’s important to remember that though low doc personal loans may require less paperwork, you may need to provide additional security, or pay a higher interest rate.

Can unemployed single parents get personal loans?

It can be more difficult for unemployed borrowers to successfully apply for a personal loan. Most lenders require borrowers to have a regular income available to cover the cost of loan repayments.

If you’re self-employed, or if less than half of your income comes from Centrelink, you may not be eligible for some personal loan options. Consider contacting the lender before applying.

Will comprehensive credit reporting change my credit score?

Comprehensive credit reporting may change your credit score, either positively or negatively, depending on an individual's situation.

Under comprehensive credit reporting, credit providers will share more information, both positive and negative, about how you and other Australians manage credit products. That means credit reporting bureaus will be able to make a more thorough assessment of everyone’s credit behaviour. That will lead to higher scores for some consumers and lower scores for others.

What do single parents need for a personal loan application?

Much like applying for other personal loans, applying for personal loans for single parents will likely require the following:

  • Proof of identity
  • Proof of residence
  • Proof of income
  • Details of assets (e.g. car, home)
  • Details of liabilities (e.g. credit cards, other loans)
  • Loan amount
  • Loan term

Can students with no credit history get loans?

It is possible for students with no available history of borrowing or managing money to get a personal loan, though it may be more difficult as well as expensive than for borrowers with a good credit history.

Having no credit history means having no credit score. While many lenders may consider having no credit score to be better than having a bad credit score, they may still consider it riskier to lend to an unknown borrower and may charge higher interest rates or fees than to borrowers with good credit scores.

Can you pay off a quick loan early?

Many lenders will allow you to make extra repayments onto a quick personal loan when you can afford them, or even exit the loan early, which can help reduce the total interest you are charged. Be sure to check your quick loan’s terms and conditions, as some lenders charge early exit fees for paying off a loan ahead of schedule.

Is it hard to improve your credit score?

It can be hard to improve your credit score, as it usually requires sacrifice and discipline, but hard doesn’t necessarily mean complicated. Some simple ways you can give your credit score a boost include closing extra credit cards, reducing your credit card limit, pay off any loans and make loan repayments on time.

As a general rule, the lower your credit score, the more remedies you can apply and the greater the scope for improvement.

Can I get a $2000 loan on Centrelink?

If more than half of your income comes from Centrelink benefits, it may be more difficult to have a $2000 loan application approved. Many lenders will check if you can afford a loan’s repayments on the income from your job before they’ll approve an application, and many won’t count Centrelink payments when assessing your income for this purpose.

Some lenders may offer $2000 loans to borrowers on Centrelink – consider contacting potential lenders to check before applying.

What is the average interest rate on personal loans for single parents?

Like other types of personal loans, the average interest rate for personal loans for single parents changes regularly, as lenders add, remove, and vary their loan offers. The interest rate you’ll receive may depend on a range of different factors, including your loan amount, loan term, security, income, and credit score.

What can I use a bad credit personal loan for?

Generally, bad credit personal loans can be used for the following purposes:

  • Debt consolidation
  • Paying bills
  • Buying vehicles
  • Moving expenses
  • Holidays
  • Weddings
  • Education

Some lenders restrict how their bad credit personal loans can be used as part of their commitment to responsible lending – be sure to check before applying.

What documentation is needed for a self-employed personal loan?

Personal loans may require a borrower to provide proof of identity, proof of residence, details of any other outstanding loans (including credit cards), details of assets they own (e.g. savings, car, property), and proof of income.

While borrowers in full-time or part-time employment can often provide payslips and similar documents to prove their income, self-employed borrowers may need to provide other documents, such as bank statements or tax returns, to demonstrate that their income can cover a loan’s repayments.

Can I get a $4000 personal loan if I’m unemployed or on Centrelink?

Before most providers of personal loans or medium amount loans will approve an application, they’ll want to know you can afford the loan’s repayments on your current income without ending up in financial stress. Several lenders don’t count Centrelink benefits when assessing a borrower’s income for this purpose, so these borrowers may find it more difficult to be approved for a loan.

If you’re unemployed, self-employed, or if more than 50% of your income come from Centrelink, consider contacting a potential lender before applying to find out whether they accept borrowers on Centrelink.

Which lenders offer bad credit personal loans?

Several dozen lenders offer bad credit personal loans in Australia. These are generally smaller lenders that aren’t household names.