Remodelling a tired and dated home is a popular choice for many Australian homeowners. It's a great way to create a modern and attractive home and also to significantly increase the value of the property. Remodelling involves a number of separate projects which all contribute to the overall finished project.

One of the projects that has the biggest impact for a relatively small financial outlay is repainting the interior. Compared to other projects that involve a lot of money and a lot of time, repainting is quick, cheap and completely transformative. Here are three reasons why repainting is such an important remodelling project.

1. It exhibits contemporary style

Like the fashion industry, the world of interior design has trends which change and evolve on a regular basis. This includes the colour palette for interior paints and repainting is an excellent way to incorporate contemporary style and colour trends into your home.

For the most effective result, stick to neutrals for the majority of your walls and ceilings. Modern neutrals aren't simply limited to white and beige, soft greys, pale blues and sandy creams are also contemporary neutrals that are very much in fashion right now. If you want to inject some brighter colour, stick to a single feature wall for visual impact that isn't overwhelming.

2. It enhances visual flow

Another reason why repainting the interior of a project home is so effective is because t creates a visual flow between the rooms. Flow is an important concept in modern interior design and helps to link the separate rooms with a cohesive and contemporary look.

Visual flow is important in any modern home, but it's particularly important when you're adding rooms with an extension. Keeping the new paintwork consistent through both the existing building and the new living space helps to tie them together and prevents them from feeling tacked together.

3. It adds financial value

All remodelling projects are weighed up by how much they will cost compared to how much value they'll add to the finished project. This is referred to as the return on investment, or ROI. It's an important concept to understand, particularly if you're planning to sell your remodelled home at any point in the future.

Repainting the interior of your home can bring an ROI of over 100%. This means that if you spend $500, you should increase the value of your home by $1000. This is a very healthy way to add financial value to your home. However, it's important that you have the work done by painters to realise the ROI of repainting because shoddy DIY work will likely decrease the value.