Did you know more than a third of Australian homeowners are considering putting their property up for sale so they can take advantage of the current boom in prices? Here’s how to get your property looking spick and span for prospective buyers.
New data shows seller confidence is now higher than it was prior to the COVID-19 pandemic, with 35% of homeowners considering selling by 2026, Westpac says.
And 12% of homeowners are already in the process of putting their house on the market or are planning to do so in the next 12 months.
So, if you’re a homeowner keen to sell your property in the current hot market, below are seven ways you could make it more attractive to potential buyers.
1. Bathroom boost
We hate to say it, but your bathroom/s will likely attract more scrutiny from prospective buyers than any other room.
If your bathroom is moderately new and not too dated, simply pay some professional cleaners to get it sparkling.
However, if your bathroom is fairly dated, consider updating some of the obvious essentials such as a new sink or tapware, updated countertops and cabinets, and a fresh coat of paint.
Also, ensure the taps and shower head are shiny and not leaking, and the toilet is spotless.
2. Kitchen kit-out
Giving the bathroom a good run for its money in terms of scrutiny is the kitchen.
Rest assured there are ways you can revitalise it without blowing the budget, such as replacing old cupboards and pantry doors, upgrading the benchtops, and making sure the taps and electrical fittings are in good working order.
And don’t forget that your kitchen appliances also act as sales props. If they’re old and outdated, they’ll bring the rest of the kitchen down with them. The good news is if you have to buy new appliances, at least you can take them with you!
3. Floor flaws
Nothing screams “I’ve seen better days” like stained carpet, scuffed floorboards, or chipped tiles.
If the floor a prospective buyer is standing on is dirty and dated, it won’t be long until they start thinking about what else is wrong with the house that they can’t immediately see.
If it’s within your budget, definitely consider giving this part of your property a makeover before inviting potential buyers in.
4. Pot plants
One of the quickest and cheapest ways of making the inside of your home feel more alive is to add a bit of greenery in each room.
Pot plants are fantastic because they’re low maintenance, make your place look great, and are great for your health.
And once again, rather than leaving them behind, like most other things on this list, you can take them with you when you sell your property.
5. Energy efficiency
Properties with high energy-efficiency ratings typically sell for up to 10% more, a review of international research shows.
The government’s Your Home website is a great starting point when it comes to making your property more energy-efficient and environmentally sustainable.
It includes information and tips on how to include more energy-saving features in your home, which may include improved lighting technologies, insulation, draught sealing and batteries, to name a few.
6. Paint pizzazz
A fresh coat of paint can make a property look and feel new again. And fortunately, it’s among the most affordable ideas on this list.
Best to play it a little safe though and go for neutral creams and whites that will suit most people’s tastes – you’ll attract more interested buyers that way.
And remember, lighter shades like beige and white also give the impression of more spacious rooms.
Finally, don’t forget the ceilings, even if they’re hard to reach!
7. Gardening gains
First impressions last – so one way to instantly increase the initial ‘wow’ factor of your home is to upgrade its exterior.
Trim any overgrown bushes, mow the yard, apply grass seed where there are bare patches, get some new flowers and plants in the garden beds, and ensure the fence looks great.
If you don’t have the tools for the job, or you’re simply more of an indoors person, consider hiring a landscaper to help out.
Got your eye on your own property upgrade?
If you’re thinking about selling your current property to buy elsewhere, get in touch today to discuss your finance options and borrowing capacity.
We’d love to take some weight off your shoulders when it comes to everything finance, so you can focus on getting your current property ready for sale!
Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.
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Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice.