You may be surprised to hear it, but the steps that you take to prepare your home for sale can have as much of an impact to your final sale price, as the sales process itself.
In order to extract as much bang for your buck, it’s important to have a good strategy in place that will make your property irresistible to buyers.
While buying a property is a logical decision, it’s equally an emotional one too. Sure, price, location and size matter; but focusing on the end result is what makes a buyer pay more for your property.
Owner-occupied buyers don’t just want a property, they want a lifestyle.
In other words, they want an inviting home they can impress their family and friends with; they want a family home they can create Kodak picture-perfect moments in; perhaps they want a forever home to retire in and be proud of as a lavish reward.
Irrespective of their motivations, it’s important to capitalise on these emotions in your next property sale. To get you started, here’s four bite-sized improvements that will help you along the way:
Repaint walls and ceilings
One of the most cost-effective improvements that you can make to your property prior to going live to market, is to repaint all walls and ceilings.
Over a period of time, your once-pristine white walls and ceilings are marred by dust, debris and dirt, making them an off-white that can easily turn a buyer off.
Repainting your white walls and ceilings not only provides a fresh, semi-renovated look; but is also a great way to really open up your home with a brighter, more natural interior. It can also highlight other features in your home that are coloured, such as furniture, bench-tops, fixtures and fittings etc.
While white paint is a powerful tool, it’s also important to never under-estimate the power of a good colour-palette when it comes to repainting; particularly with feature walls that can complement your property. Consultations can be as little as $200 from a colour and design specialist from Dulux.
Complete a backyard blitz
It’s fair to say that the backyard is a hallmark of the Australian landscape; BBQ’s, bonfires, backyard cricket.. the list goes on.
When buyers are looking through your property, they are already picturing an inviting space that they can entertain guests with; and for many, this begins with the backyard.
For the not-so-extroverted types, simply having a picturesque area in the home that they can relax and unwind in, can go a long way.
One of the great aspects to a backyard overhaul, is that it can be done to suit any budget.
A small yard can be renovated with as little as $500 with a small patch of artificial grass, pebbles, mulch and a few plants – enough to make a decent return on investment in your final sale price.
For those with a larger budget and more land space, properly landscaping your backyard with a decking area, a relatively manicured garden, and perhaps a playground or a play area, can also pay big dividends in your next sale.
Renovate your kitchen
One of the areas in your home that’s paid the most attention by buyers is the kitchen.
While buyers don’t always buy the property that has the best kitchen; it does however generate a great deal of appeal and value.
When it comes to renovation work, many buyers look to update their kitchen first. The advantage to renovating your kitchen prior to sale, is that buyers don’t need to do it themselves, they can just move in and enjoy!
A well-designed custom-built kitchen renovation can cost as little as $10,000, and can generate anything up to 4 or 5 times more as a return on investment with plenty of appeal.
For maximum impact, it’s important to keep your kitchen renovation modern in style, remembering that less is more when it comes to colours and styling, so that buyers still have the flexibility to make it their own.
Natural timbers and whites are a great option, allowing the fixtures, fittings, and kitchen accessories provide a strong element of style.
Invest in property styling
It’s important to remember that while buyers are buying a property, they’re also buying a lifestyle.
When buyers walk into your property, they’re picturing how they will be living in your property.
While decluttering is a great way to open up your home, investing in property styling can be an important hallmark from a good price, to a great price.
Property styling is more than just making your home look like a picture-perfect display home; it’s assessing each room, positioning furniture and styling strategically to ensure that each room is as functional, large and open as possible.
Another advantage to property styling, is that the spaces in your home can be redefined for the purposes of attracting your home to a bigger market. For example, if your home has an extra rumpus area with doors, this can be easily marketed and dressed as an extra bedroom.
At Nguyen Real Estate, we are passionate about helping vendors with the advice that they need to sell for the maximum price possible. Contact us on (03) 9587 6070 today if we can be of service to you.