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Decorating 101 Expert Tips

Expert tips: Avoid these five common decorating mistakes

By Liz Hayward

You know that feeling as a kid when rearranging your room made it feel like a completely new space? Well, as we grow older, we never lose that feeling; it just goes from rearranging a single room to a whole house. Redecorating your home helps personalise any given space and gives you complete ownership and pride when you walk into a room.

Redecorating is a great opportunity to make a home feel clean, clutter-free and like an entirely new space. So, to help you out with achieving the right look and feel, I’ve put together a list of mistakes many people make when redecorating and how to avoid them.

Photo: Dominic Loneragan

Stop focusing on the minor details

Not focusing on the big picture is the single biggest mistake people make. Homeowners fall in love with one cushion or one piece of artwork, but don’t think how about how it fits within the rest of the space. If you have already purchased a range of pieces in one style, and then purchase a piece that is in complete contrast, you are going to disrupt the cohesion of the room.

Not budgeting appropriately

I am a strong believer that you can have a beautiful home on almost every budget. However, if you spend a small fortune on a new TV setup, but don’t have a sofa to sit on, the room doesn’t quite achieve its purpose. It is important to map out the space, decide what you need and how much you can afford for each item. It doesn’t all need to be done at the same time, but keep in mind feature items that go hand in hand. It’s like buying a designer top but having no pants to wear it with!

Photo: Dominic Loneragan

It’s not entirely about the visual

When redecorating a room, it is important to think past just the aesthetic, and take the time to contemplate how the space will sound and feel. The acoustics of a room can be altered drastically by having more or less furniture in a room, and by specific materials e.g. timber vs. cement flooring. Music can really help to evoke sensations or emotions in a room, and brands like Naim Audio provide excellent quality sound in their premium music systems.

Choosing the wrong size rug

This one is niche, but imperative. Often people will underestimate what size rug they need to fill a space. 2x2m sounds huge in theory but a perfect sized rug should anchor the room and allow for at least the front legs of all sofas or armchairs to rest on it. A quick guide to work by is to have at least 45-to-50cm of exposed flooring around the edge of your room. 

Photo: Rachel Tagg

Artwork hung at the wrong height

This can make or break a room. The rule of thumb is that the centre of the artwork should be at an average person’s eye level, unless hanging above a mantel or furniture. In this case, you want to leave about 20cm clearance from the bottom of the frame. This creates space for the artwork and helps it not look cluttered. Alternatively, if you are doing a gallery wall it should be treated as one piece and mapped out clearly before hanging. It is almost impossible to build a gallery wall over time and looks much better if you can plan the layout from the get-go.

Liz Hayward is the founder of interior design company Hayward & Co.

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Expert Tips

Look good on your home loan application with these expert tips

By Marcus Roberts

Before you set off for a pre-approval from a lender for that all-exciting (and somewhat stressful) home loan, you need to get your bank accounts in order to give yourself the best chance of having your home loan approved. 

Think of applying for a home loan the same way you would approach a job interview – you need to tidy yourself/bank accounts up and present the best version of yourself/bank accounts you can.

As a mortgage broker I have seen so many clients that I wish I had met six to 12 months prior, so I could have helped them clean up their accounts so they present their finances in the best version of themselves to the banks. 

The following are my top tips to help you clean up your accounts in preparation for applying for a home loan.  

Cancel your credit cards 

Whilst paying your card balance off every month is sound money management, most lenders see a credit limit rather than a balance as the amount you have easy access to. If you’ve never used a card with a $10,000 limit, the lender will still use the $10,000 rather than $0 in their assumptions. If you’re looking to maximise your borrowing capacity, look to close or reduce these limits as much as you can and get letters or evidence from the card provider.

No more Afterpay

Whilst having a ‘buy now pay later’ liability such as Afterpay or ZipPay can be handy for purchases, they do need to be declared. If you’re not using them, decide whether you’re comfortable in cancelling the facilities.

Also, if you have a few buy now pay later transactions coming out of your bank account each month, these can be viewed by lenders as expenses, which will affect your borrowing ability. Whilst not explicitly stated by most lenders, the opinion can sometimes be that using this type of credit rather than cash for these types of purchases can suggest a borrower that might not be perfect at managing money.

Save! 

This element of presenting your accounts in the best version they can be goes without saying. However, as we all know saving money is not easy and takes discipline and work.

One task I recommend you undertake is to list down all of your monthly subscriptions that automatically come out of your bank account each month and then cancel or cut back all the ones that aren’t aligned with applying for your home loan. Do you really need that Spotify Premium account and do you really need both Stan and Netflix for these few months? Reducing your monthly expenses as much as possible will help you immensely in obtaining that home loan. 

Saving a deposit vs Lenders Mortgage Insurance

So how much deposit should you be aiming for? Obviously, the more money you save for your deposit, the less money you need to borrow from the bank and in an ideal situation you may be wishing to save at least 20% deposit so you don’t have to pay for Lenders Mortgage Insurance (LMI). This can be a difficult task, especially for first home buyers. For example, if you are looking at purchasing a $650,000 home, you’re looking at needing a minimum $130,000 deposit, plus upfront costs. 

What is LMI? Lenders Mortgage Insurance (LMI) is a one-off, generally non-refundable, non-transferrable premium that is added to your home loan. It is calculated based on the size of your deposit and how much you borrow. The more you contribute to the purchase price of your property, the lower the cost will be. LMI is there to provide comfort to the lender, against any loss they may incur if you are unable to repay your loan. If you default on your obligations, the bank may sell the property, and if they can’t repay the outstanding loan, LMI may be utilised. 

The cost of LMI varies as it scalable to the size of your home loan and also how much deposit you have. The higher the deposit and the lower the home loan, the less your LMI will be. If you would like to avoid LMI altogether, you will need to have a minimum 20% deposit. 

If you are a first home buyer, check if you qualify for the Australian Government’s First Home Loan Deposit Scheme, which will save you paying LMI. The First Home Loan Deposit Scheme (FHLDS) is an Australian Government initiative to support eligible first home buyers to build or purchase a new home sooner. 

Under the Scheme, eligible first home buyers can purchase or build a new home with a deposit of as little as 5% (lenders criteria apply). This is because the National Housing Finance and Investment Corporation (who administer the scheme) guarantees to a participating lender up to 15% of the value of the property purchased that is financed by an eligible first home buyer’s home loan.

LMI should not be viewed as a total negative though, paying LMI generally allows you to enter the property market sooner and the cost of LMI will be more than recouped when your property increases in value. Also, by having LMI, you won’t need to rely on a guarantor to supply additional security to secure your home loan. 

Speak to a professional

My final piece of advice is to speak with a mortgage broker at the start of your journey – don’t wait six to 12 months down the track of your savings plan. A mortgage broker has the experience and expertise to guide you on your savings plan and assist you in developing good saving and spending habits to help you save that deposit! 

–Marcus Roberts is a mortgage broker and property finance expert at Brighter Finance.

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RENO ADDICT

Reno Addict is now part of Interiors Addict

As you know, we are constantly working behind the scenes to bring you new features and to make our content offering bigger, better and different! This New Year, I’m excited to tell you that our former sister site Reno Addict is no more, but fear not, it has been incorporated into this site as its own dedicated section.

We’re always testing and measuring to see what works, and to cut a long story short, it no longer made sense to keep the renovation content separate. There is no doubt that renovation is more popular than ever in Australia and more and more of the general public are interested in reading about it, whether it’s inspiration for a dream future project or that they’re actively renovating their dream home or investment property. That might be a whole home overhaul or simply a bathroom reno.

We know there’s a very good chance that if you’re interested in beautiful homes and interiors, you’ll have at least a passing interest in renovating too. So we decided to bring this renovation content in front of the eyes of our much larger readership here. We’ll still be concentrating on reno content, in fact perhaps now more than ever. We’d still love to see and share your real renos with our audience, so please email [email protected] if you’re proud of yours!

I’ll be sharing more of my own home reno this year. Pic by Jacqui Turk

As well as real reno inspiration, you can expect posts about new products, the latest legislation affecting you and expert advice covering topics like real estate, finance, home staging, health and safety and architecture.

We’ll bring you advice from the big names in the industry like Australia’s Rapid Renovation Expert, Naomi Findlay

A reno by Naomi Findlay

We know renovating can be daunting for first timers (I found this out myself last year!) so we want to demystify a lot of it and help you plan, find the right people to help you, make sure you spend wisely and are happy with the final result for years to come!

We’ll still have columns from ex Blockheads like Julia and Sasha and plenty of real renos

If you have any questions or you’re a reno expert who would like to write for us, please email [email protected]

As always, we welcome your feedback and ideas so feel free to comment below or contact us via the form at the top right of this page! This isn’t the last change for 2018, so I’ll keep you updated when we launch new things!

As ever, thanks for reading!

Jen

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Homewares RENO ADDICT

Get your hands on 100+ pages of FREE interior inspiration!

Sponsored by Choices Flooring

Choices Flooring’s annual Inspiring Choices magazine is now available – and it’s FREE, including delivery to your door.

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Order your free magazine now

Australia’s leading flooring retailer wants to inspire you with expert advice (from the likes of The Block favourite Amity Dry) and aspirational imagery, whether you’re renovating, building or decorating your home. The mag’s even organised by room to make it easy for you to visualise different spaces and the impact different kinds of flooring can make in them. They’ll even forgive you for ripping out the odd page for your moodboard!

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Flooring can make such an impact but it’s also a bit of a commitment and you want to make the right choice which will see you through a few years. Whether it’s family-friendly and practical, luxurious and comfortable, the healthiest choice for your child with asthma, something which can withstand dogs racing around on it or the affordable and neutral choice for a rental property, the options can sometimes seem a little overwhelming. Rather than put off making a decision yet again, this magazine is here to help inspire and guide you!

In my opinion, getting a new floor in your home or getting it painted are two of the most exciting and impactful updates for adding wow factor. Whether you’re a fan of timber, laminate, bamboo, luxury vinyl, carpet, tiles or rugs, Choices Flooring are sure to have what you’ve been searching for!

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From entrances right through to the outdoors, Inspiring Choices 2016 features over 100 pages of the latest flooring trends, as well as decorating advice from your favourite interior writers and stylists, to help you discover, create and live your style.

You’ll enjoy case studies showing you which flooring real families have chosen for their homes and why. Plus advice on decorating and homewares from the writers and editors at Real Living, Australian House & Garden and homes+. There’s even floor cleaning tips!

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We all love a good glossy read, but if you prefer to get your inspiration online, you can download the viewa app from the App Store or Google Play to gain access to additional exciting content throughout the mag and really bring it to life.

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Choices Flooring is Australia’s leading flooring retailer, boasting over 140 stores. They understand that purchasing flooring is a big decision based on lifestyle, budget, and individual style and that’s why their in-store and online experience is second to none. Their flooring range is on trend, with the latest designs and colours and their digital technology in-store helps customers find the floor they’ve been searching for.

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Expert Tips RENO ADDICT Styling

Hallway decorating ideas with Alisa and Lysandra

Reader Natasha says: “I’d like Alisa and Lysandra to help me with a design question. We have a narrow hallway that is accessed as soon as you walk into the house. It’s only just a little wider than a standard single front door entrance and goes for about six metres. We painted it Dulux White on White and we have regular hardwood floorboards. What can we do to decorate the space so it doesn’t just look like a long white hallway?”

hallway alisa lsysandra

Lysandra says: “This hallway is screaming for some pieces of artwork. This is a great way to inject some colour into this rather lifeless space. If you can find a console (around 300mm wide) then that is going to help break up the length of your hallway. Above the console (which you’d obviously place on the lefthand side) you could place a mirror. This will make the space feel wider and will also reflect any natural light, giving the feeling of space.”

Got a question for one of our Resident Experts? Submit it for consideration here.