WHICH HOME IMPROVEMENTS PAY OFF??
Now that the spring selling season is here, and more people are thinking
about putting their property on the market, many of you will probably start
thinking about what you can do at your property to help achieve a higher
selling price.
Renovations are a popular way to maximise your sale price, however you
need to be careful not to overcapitalise. You should have a clear budget in
mind for any renovations you plan to take out and it’s a good idea not to spend
more than 5% of the purchase price of your property.
Some of the most popular renovations for sellers include:
- Creating an open plan layout;
- Replacing kitchens and/bathrooms;
- Adding large entertaining areas;
- New floors;
- Fresh coat of paint;
- Adding extra bedrooms or bathrooms.
You don’t need to choose the most expensive products to make a big
impact; many buyers are simply looking for a fresh, modern home they can move
straight into, so prioritise the areas that need the most work.
Don’t rush straight into renovations without doing a little bit of
research though. Find out what similar homes in your area are selling for and
compare this with renovated properties. Would the amount you spend on
renovations help you achieve a significantly higher sale price? If your
property is already in ok to good condition it might not be worth renovating.
Your Professionals agent can give you some extra pointers to help make
your home’s sale successful, including renovating advice or other ways to help
achieve a higher selling price. There are plenty of things you can do to help
get your home noticed, such as the use of floor plans, videos, professional
photos, home staging services and so much more. Our agents have knowledge and
experience in marketing andselling in the local area so we can offer the best
advice to make sure that your home sells for the best price.
If you would like to have a chat about selling your home then get in
touch with us at Professionals Bathurst Real Estate.
