When it comes time to sell your home there’s no use in rushing to get it ready if your aim is enticing wealthy buyers. Australia’s housing market is increasingly competitive and people won’t be fooled by last-minute efforts. Think ahead and follow some of these tips for increasing your home’s value before you enter the market.
Where to get started
Leonie Fitzgerald is a property investor and advocate for financial freedom from Wealthology. She gave us the 3 best ways to increase your home value so we think it would be a good place to start.
“1. Renovate the kitchen and bathrooms. These can quickly add value and are often thought of as the most important areas in a home.
2. Give it a lick of paint. It's amazing the effect this simple and fairly cheap project can create.
3. Sort out the garden. Weeding, planting some new plants and giving the outside area a general tidy up will immediately impact your sale price in a positive way.”
Find more from Leonie on Facebook, Instagram or LinkedIn.
Invest in your outdoor spaces
If you’re seeking out buyers with high budgets then you can’t offer them a fixer-upper. Outside of property developers, most people prefer a home in a good location that is ready for them to move in. The point is for your place to look livable. Extending your gaze to the outdoor spaces of your home will increase its value instantly. Adding simple touches such as outdoor lounge furniture and good lighting will make your home an all-around winner.
Make small updates
Small but cost-effective updates to your design can really make the difference to someone else’s eye when they view your property. A classy new headboard will set you back maybe a few hundred dollars but give the person viewing your home a whole new perspective on your bedroom. Or a few well-paced sun lounges could give your buyers a relaxed, holiday feel that will increase their desire for your home.
Decor and appliances that are obviously new give potential buyers a clean slate to imagine their own life in your abode and increases your overall asking price too.
Hire an interior e-decorator
If your biggest qualm with redecorating is that it will be time-consuming then enter the 21st century stat. Noémie Barchietto from Australian e-decorating service Milray Park explains how it works.
“If you haven't heard about it yet, eDecorating is the new go-to interior design service for the savvy homemaker, willing to transform their house into a home 100% online while adding value along the way!
With new services such as Milray Park, you can now access personalised interior design services online for one simple $299 flat-fee price.
Interior decorators, with their expert eyes, will help you unlock the potential of your space at any budget. Keen to see what's possible for your home? Head over to Milray Park and choose your designer!”
Find more on Facebook and Instagram.
Remove the personal touches
Personal decorations like photos from your most recent holiday or family pics on the wall will distract a buyer from the best features of your home. You want them to notice the ample wall space and generous room size so decorate with less personal artwork to draw their attention to it instead. As Sam Chalmers from The Canvas Factory suggests you can use canvas art to achieve this on a budget.
“Don’t discount the value of window dressing when displaying a property for sale. Liven up the place with art or family prints on the walls, and you’ll get much more interest at every open house. You can do this very cost effectively with canvas prints or canvas wall art.”
Check them out on Facebook.
We’ve scratched the surface but there’s plenty more ways you can increase the value of your home. Another renovation and styling expert shares their advice on this topic for our blog here.
