How to get more bang for your buck when selling

first_imgVendors don’t need to go the whole hog, but some basic repairs can help get a better sale price.Vendors don’t need to commit to a full Block reno to get top dollar for their homes, industry experts say, but a little bit of love and investment can go a long way when putting a property on the market.Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 2:24Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -2:24 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD540p540p360p360p270p270pAutoA, selectedAudio Trackdefault, selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenThe Reno after The Block…Julia’s dream home tour. 02:24 Related videos 02:24The Reno after The Block…Julia’s dream home tour. 01:00Selling in style – Kitchen & dining 00:43Selling in style – Playroom to bedroom00:53Selling in style – Master bedroom01:07Selling in style – Living roomMatt McCann, CEO of LocalAgentFinder said one of the most common questions vendors asked agents was which areas of their home or the sales process they should invest in.“When preparing a house for sale, a seller needs to be smart with how they spend their money and there are plenty of ways sellers can attract buyers without doing an entire remodel,” he said.McCann said some of the most important things to focus on were kitchen improvements, landscaping, presentation and all the little repair jobs owners had been putting off.Joseph Vella of First National Stanton and Taylor said cosmetically, the garden, fresh paint and a neat tidy house were important.“Sellers should (also) target areas that building inspectors look for and correct any problems with subfloor drainage that may welcome termites, fix leaking shower recesses, clear the floor space under the house, and clean gutters,” he said.“Vendors should work with their agents to make sure that money is spent in areas that make the maximum difference.“The suburb, the houses around the home for sale, and the buyer’s expectations in the area, will determine what a seller should or shouldn’t do.”Andrew Oostenbrink of Ray White Holland Park said vendors should also invest in advertising and marketing, including professional photography.“The first open home with the property is the online listing, so it’s imperative that the property presents at its best online to attract buyers to the open for inspection,” he said. Bring in a professional cleaning — you don’t want your house looking like a dog’s breakfast during an open home.More from newsMould, age, not enough to stop 17 bidders fighting for this home5 hours agoBuyers ‘crazy’ not to take govt freebies, says 28-yr-old investor5 hours agoMATT MCCANN’S TOP 9 TIPS FOR MAXIMISING SALE PRICETHE CRUCIAL1. Kitchen improvements. A kitchen can make or break a property’s sale. Sellers should consider replacing old appliances with newer ones, but it’s important to look at the overall condition of drawers and cupboards.2. General repairs and maintenance. Fixing any visible flaws with the property will make it more attractive to buyers, who are usually looking for something ‘move in ready’. While doing an appraisal, a good real estate agent can spot common issues that may need repair.3. Advertising and marketing. The general rule is that approximately one per cent of the anticipated sale price should be spent on marketing. A good agent will talk through possible strategies, and it should start with professional photography.4. Basic landscaping. A well-maintained garden will leave a lasting impression, but there is no need to go overboard as the cost might not be recouped. Studies show that 78 per cent of Australians would prefer to live in a home that has a garden and greenery, so buyers should lay new lawn over dead patches, mulch garden beds and plant fresh flowers.THE COST EFFECTIVE5. Style outdoor areas. Give outdoor areas some attention by purchasing new cushions for the outdoor furniture set — they are extremely affordable and can breathe fresh new life into the area and make the outdoors feel liveable.6. Bring in the green. Indoor plants are affordable, easy to maintain and will brighten up a living room or bathroom — they can also be taken to the seller’s new home. Succulents, mother-in-law’s tongue, philodendron and orchards are all very popular and can fill nooks that might be difficult to furnish.7. Use lighting to create atmosphere. When showing off a property, it’s a good idea to have all the lights turned on to emphasise how bright the home can be. Replace expired light bulbs with new, energy efficient ones, or bulbs with higher wattage.8. Enlist the help of a professional cleaner. A simple and inexpensive way to instantly maximise value and bring a property back to life is to give it a professional clean. Carpets should be steamed, bathroom and kitchens polished, windows wiped, and floors and walls washed. Exteriors may need to be pressure cleaned.WHEN TO STOP9. Renovations. Sellers can overcapitalise on renovations; a bathroom can be updated at a reasonable cost, however, extending a living area or adding on another level may not be worth it.last_img

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