Custom Search
Maximising the Price of Your Home
When trying to sell your property, makeovers and restorations can be a crucial element of rocketing the sale price. Enhancements to your home may be major or minor; by doing 1 or 2 minor improvements, you could raise the valuation of your house by a greater amount.
It is important not to over capitalise when making improvements as the cost of renovation may not obtain a higher return in the property price. You need to determine which areas of your home need improvement and get information from your valuer or agent before going on to make the investment.
To maximize the cost of your property for sale, here are some pointers to get a better sale price without having to spend a large sum;
Street Appeal "it is important to give the prospective purchaser a positive first impression by starting the inspection experience well. Some tasks to consider are; tidying the grass, trees and plants; painting or replacing the front door; fixing the mail box; fixing and repainting any fences or gates; and cleaning out the garage or shed to give it a roomy look.
Within the house "consider the following rooms and whether or not they need major or minor renovations:
o Bedrooms "an important element purchasers look for in bedrooms are constructed in wardrobes. If your bedrooms do not have one and the dimensions of the room is generous, consider making an investment in these to enhance the value of the property. Guarantee any dripping taps or noisy doors and windows are fixed.
o Kitchen "many see the kitchen as the most vital room of the house. If you can't afford to replace the entire kitchen, cosmetic changes like refinishing the cupboards and changing handles/fittings will update the look at a lower price.
o Bathrooms "the rest room is also an important room of the house. Replacing the flooring, installing a new shower screen or repainting the walls will help improve the general look of the toilet at a lower price.
General minor improvements "if you decide you wish to spend minimum sum of money (or none at all), you might still benefit from a higher sale price by doing the following;
o De-clutter "clean rooms to give your house a spacious look. Clean cupboards and storage areas.
o Repainting "natural, contemporary colors will give your home an up to date look.
o Decor "if you have a good eye for interior decoration, modern rugs, throws and cushions will give your house that extra appeal. You can hire furniture, paintings and lamps to give your house a fresh, new look.
o Odour "clean carpets, wash curtains and burn some candles to remove any lingering odours and give your house a fresh smell.
It is important not to over capitalise when making improvements as the cost of renovation may not obtain a higher return in the property price. You need to determine which areas of your home need improvement and get information from your valuer or agent before going on to make the investment.
To maximize the cost of your property for sale, here are some pointers to get a better sale price without having to spend a large sum;
Street Appeal "it is important to give the prospective purchaser a positive first impression by starting the inspection experience well. Some tasks to consider are; tidying the grass, trees and plants; painting or replacing the front door; fixing the mail box; fixing and repainting any fences or gates; and cleaning out the garage or shed to give it a roomy look.
Within the house "consider the following rooms and whether or not they need major or minor renovations:
o Bedrooms "an important element purchasers look for in bedrooms are constructed in wardrobes. If your bedrooms do not have one and the dimensions of the room is generous, consider making an investment in these to enhance the value of the property. Guarantee any dripping taps or noisy doors and windows are fixed.
o Kitchen "many see the kitchen as the most vital room of the house. If you can't afford to replace the entire kitchen, cosmetic changes like refinishing the cupboards and changing handles/fittings will update the look at a lower price.
o Bathrooms "the rest room is also an important room of the house. Replacing the flooring, installing a new shower screen or repainting the walls will help improve the general look of the toilet at a lower price.
General minor improvements "if you decide you wish to spend minimum sum of money (or none at all), you might still benefit from a higher sale price by doing the following;
o De-clutter "clean rooms to give your house a spacious look. Clean cupboards and storage areas.
o Repainting "natural, contemporary colors will give your home an up to date look.
o Decor "if you have a good eye for interior decoration, modern rugs, throws and cushions will give your house that extra appeal. You can hire furniture, paintings and lamps to give your house a fresh, new look.
o Odour "clean carpets, wash curtains and burn some candles to remove any lingering odours and give your house a fresh smell.
About the Author:
Judy Collins is a property management advisor based in Melbourne. In her free time she contributes articles to Australia Finance blog on property subjects like Maximizing the Sell Price of Your House, Home refinance, for example.