If it’s time for a change and you are thinking about selling your home or investment property, now is the perfect time to capitalise on the country’s biggest ever surge in property values by making some simple improvements to the property that will generate even greater returns.
Even in challenging markets, simple improvements to a property can help you to push up the sale price and generate increased interest from buyers.
Improvements don’t have to be expensive, they just have to emphasise certain features of the property and minimise negative elements. It is all about delivering the right perception for the right market and this can be done through dressing a property.
Here are some simple tips for increasing the sale price of a property.
Paint the exterior
The first thing any potential buyer sees when they first view a property is the external look of the property. Refreshing the exterior with a new coat of paint goes a long way to improving a buyer’s first impression of your house.
Repainting your house in a neutral, modern colour can broaden your market and improve its universal appeal. It is not too expensive to repaint the exterior, yet the pay-off is instant. The value of your property will go up immediately. In fact, some valuers suggest that repainting your home can increase the price by up to seven percent
Beautify the entrance
The entryway into a property is important for buyers. Adding statement pots with plants at the entrance helps to create a welcoming environment. It also beautifies the area and makes it look bigger than what it actually is. It also creates street appeal and makes it look more expensive.
Pots and plants can be purchased cheaply through Gumtree or Facebook marketplace. Pots can be spray painted any colour. You can even hire them. There are lots of ways to enhance the look of your property on a budget.
Spruce up the garden and lawn
A beautiful garden will always add value to a property. The front garden is important for first impressions. Make it look clean and neat and plant additional plants that create feature areas in the garden. Choose plants that are trendy but still look low maintenance.
Add solar lights in key areas to create ambience as well. Buyers will visit your property during the day and also drive past at night.
And finally, if your lawn needs some TLC give it a coat of green lawn paint. This is the perfect way to green up your lawn fast and easily. Green lawns add value by improving the lush and well-kept look and feel of the garden.
Paint the interior neutral
It is absolutely mandatory to neutralise the interior of the property so potential buyers can see themselves living there. White paint is the go-to and creates a clean fresh light modern palette. Remove clutter, personal items and large items from the home. This enhances the feeling of spaciousness.
Dress the property
Dress the property for the sales process. Staging a house for sale can add an extra five to 10 percent to a property’s sale price. Placing expensive and minimalist furniture through the property helps people to see how the property can be showcased in the most gorgeous style.
People often say that the kitchen is one of the biggest selling points of any property and this is certainly true. Budget-friendly ways to increase the value of your property by making small upgrades to the kitchen include repainting or replacing cupboard doors and replacing the taps and cupboard handles. Daggy old splashbacks can be spray painted with tile-friendly paint.
This is also a good upgrade hack for bathrooms that desperately need the tiles replaced. These improvements are usually well worth the initial small cost because you’ll get it back, and more.
Also, a common mistake is for sellers to overhaul the benchtop with something overly fancy. Although sleek and modern, what buyers want the most out of the kitchen is functionality and practicality.
Besides the kitchen, have a good around your house and decide which little things are in need of repair, so that your house looks like it has been cared for and not neglected. These small issues add up.
Create more space
Ultimately many people buy new properties because they want more space so it is important to create the feeling of more space when selling your property.
Remove clutter and undertake minor renovations if necessary to optimise the layout. Some properties have multi-purpose areas that can not be used for a proper study or media room. Remove a wall to convert the area to form part of the lounge or dining area to make it look more spacious.
Minor adjustments of this nature can add significant value to a property and attract more interest and competition from buyers.
Enhance the bathroom
Bathrooms are as important as the kitchen in terms of presenting your property to potential buyers. If the bathroom is small with an old-style bathtub, install a modern more functional shower to create more space.
Keep it clean
It is so important to keep the property clean and organized. Get a professional company to clean the property. They will not only clean the spaces that you can see, but also get into all the hidden corners that you don’t even know exist!
If you’re still living in the property during inspections, remove your personal belongings and keep the clutter minimal. Potential buyers will be moving through the spaces and opening things. It is important to show that everything in the property is in good order.
Aegean Zhang is the Sales Director at Atlas Real Estate, a Sydney-based luxury real estate agency. Founded in 2020 by Director Gimmy Pam and Principal Jane Lin, the real estate agency specialises in the buying and selling of luxury property and also boasts extensive expertise in property management.