RENOVATING YOUR HOME TO GET THE BEST SALE PRICE

So you’ve decided to put your home up for sale – great! There are a couple of renovation tips and tricks that can give you the most bang for your renovation buck.

In order to get the maximum sale price for your property you need to focus on those elements that will catch the eye of the buyer and help them fall in love and make the decision to buy.

Here are five tips that will help maximise the value of your sale and minimise the money and work spent:

Think of safety, is it in good working order?

Everything needs to be in excellent working condition to get your home ready for sale. We highly recommend all our sellers get a their own building inspection done so you can get an expert opinion on what needs attention prior to sale.

If you want to do it yourself, set aside a day, go through your home with a critical eye and makes notes about what needs attention. Make sure that the hinges, doors, windows, doors, tiles, eaves, bricks or pavers etc are all in good working order.  Is there anything that’s broken, threadbare or worn out? Make a note replace or repair them.

What does your kerb appeal say about your property?

First impressions count. Is your front door or letterbox tired looking? Replace them. Prune the garden shrubbery back to small, neat and low maintenance plants and landscaping the front yard is a wise investment.

Broad expanses of lawn are also low maintenance and will appeal to families as well as couples who don’t want big, fussy gardens and they also give the illusion of space.

Kitchen and bathrooms

These are the number one areas that buyers will pay closest attention to as they are generally the most expensive rooms to renovate.

If your kitchen is more than 10 years old, consider spending $10,000 on a quick kitchen renovation in order to add another $30,000 – $40,000 to the value of your home.

However, if it is less than a decade old, the interiors of your cupboards will most likely be in good condition so all you’ll need is a bit of a cosmetic lift. Consider updating the bench tops with new laminate, and new cupboard doors – there are many renovation for profit gurus out there that can give you some quick tips in this department. This can be an affordable spend of around $2,000 – $5,000 and will easily add $15k-$20k to the sale price.

In the bathroom if the tiles are still in good condition consider having them sprayed over to add instant cosmetic appeal. Or consider replacing the grout and the shower or adding new bathroom fixtures. A new mirror can create space and reflect any natural light around the room or a new cabinet or benchtop can also add a quick lift to the value.

Walls, flooring and ceilings

Painting the walls (in neutral tones) is one of the easiest, quickest and most affordable ways to give your house a fresh new finish before putting it on the market. New light fittings and new door and window handles can also help to add value for sale.

Re-varnished hardwood floors to ensure a high-shine finish in every room of the house, including high traffic areas can instantly add to your home’s appeal and value.

Re-tile the kitchen or bathroom floors if there are more than two cracked tiles or consider putting down nice timber-look vinyl plank flooring.

If there has been any water damage from a leaking roof that has left a mark on the ceiling, repair any damage and have the marks painted over and make sure the ceilings are clean and cobweb-free.

Exterior of the home

Consider pressure-washing your home and all garden paths. Clean the eaves, guttering and exterior of the house as well as buyers will look at the most minute of details.

Inspect all the paintwork to make sure it’s not flaking off as this will give the impression that your home hasn’t been well maintained. If it is, consider getting the exterior painted. This can give your home a fresh look and really boost your final sale price.

Have you recently treated and stained your timber decking? Consider re-painting the front fence and look for oil stains in the garage.

In conclusion, there are plenty small, low-cost improvements that could make a huge difference to your property’s value. Think simplicity and leave your own tastes at the door. If you want to make money you need to be thinking about your target audience and keep design choices neutral, not personal.

Our agents are always happy to give you a pre-market assessment of what may need doing to get your home ready for sale. Feel free to contact us so we can help get you the best price for your home.

 

 

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RENOVATING YOUR HOME TO GET THE BEST SALE PRICE