6 Tips to Maximise Your Property’s Sale Price
Selling your home isn’t something that tends to be done lightly, and can be emotional, time-consuming and bittersweet. When going through such a process, it’s only natural that you should want to get the most out of all your hard work.
Unfortunately, getting the most out of your home’s sale price can often be harder than you might initially think. There are many factors at play and mistakes to be made, which means there’s preparation to be made. In this post, we’ll discuss 6 of our top tips to maximise your property’s sale price and get the most value out of your home.
- Minor renovations
Although the majority of homes that go on the market don’t need extensive repairs, minor renovations can help boost the appeal of your property without costing tens of thousands of dollars.
Fresh coats of paint and upgrades to your bathrooms or kitchen can make a huge difference, so listen to your real estate agent if they recommend a facelift here and there after your home appraisal. While everyone has their own budgetary limitations, small upgrades like these shouldn’t take too much time and can substantially up the selling price of your home.
- Energy efficiency
Energy efficiency is at the top of buyers’ minds these days, with people hoping to reduce their carbon footprint and move into a home that’s eco-friendly and affordable to run and maintain in both the cold of the winter and the heat of the summer.
We recommended swapping out older appliances for newer eco-friendly ones, upgrading to Energy-star-rated windows and switching to low-flow toilets and low-pressure shower heads and taps. These might seem like minuscule changes but they’ll catch the eye of potential buyers and demonstrate that your home won’t come with hefty utility bills month after month.
- Improve air quality
Homes that are well-ventilated and have modern, high-functioning air conditioning are always going to be appealing. Even if you have a relatively new HVAC system, a thorough cleaning can go a long way in reducing allergens and contaminants.
We recommend hiring a professional to inspect the indoor air quality of your home and provide their expert opinion. Whether that’s a simple cleaning of your air conditioning system or a replacement will depend, but following their advice can go a long way in adding to your home’s final sale price.
Putting your home on the market when it’s been poorly maintained is doing yourself a huge disservice. Any signs of damage take away from its value, turning away buyers and making a poor impression. Even if these issues might seem minor, they may signal to buyers that there are even more problems lurking beneath the surface, which is a road that few hope to go down.
Simple maintenance repairs such as paint jobs, steam cleaning any carpet and cleaning grout and replacing broken tiles in the bathroom are all relatively cost-effective measures you can make to make things easier for buyers and avoid distracting from your home’s best features.
The exterior of your home is the first impression it’ll make to both passersby and online audiences, so you want it to look as pristine as possible. Having a luscious and freshly-cut lawn, well-trimmed shrubs and bushes and a lively coat of paint are all going to help your property stand out from the competition.
If necessary, new plantings can further enhance your home’s exterior and help it come to life like never before. Additionally, water features’, footpaths and any concrete areas should be sparkling clean and free from cracks, grime and any other cosmetic issues.
No matter what state the property market is in, real estate marketing is an essential part of selling your home. While it might be tempting to stick to a small marketing budget, you could end up saving a couple of thousands of dollars only to miss out on tens of thousands of dollars on your sale price.
The longer a home sits on the market, the more likely buyers will suspect that either the asking price is too high or there’s something wrong with your home. Work with a trusted team of professionals who’ll market your home properly and ensure it meets as many potential buyers as possible.