We all want to maximize the selling price of our home – it’s usually our biggest asset. But when you’re devising a pre-sale makeover list, there are some updates that aren’t worth the time or money.
1. Designer fixtures and fittings
There aren’t too many buyers who will be able to tell the difference between Carrara marble and an engineered stone look-alike, a Moooi chandelier versus a clever replica. And most buyers won’t consider upping the offer on your property just because you have installed a high-end bath and loo.
“A new kitchen and bathroom can definitely add value, but there is always the possibility for over-capitalization,” says Tim Bodman, director of CSA Valuers in Brisbane. “Sometimes a $10,000 Ikea kitchen might do the job.”
BresicWhitney Hunters Hill agent Nicholas McEvoy says he advises vendors not to indulge their designer wish-lists just before listing.
“When you’re selling it’s not the time to go and buy luxury fittings. It’s unlikely you’ll get your money back.”
2. A high-maintenance garden or pool
If there’s one key message that has remained consistent on TV lifestyle shows, it’s that while Aussies love the great outdoors, they don’t want to spend their weekends working hard to maintain their green spaces. Borders of manicured hedges, rose gardens, lilies and even citrus require above-average attention to thrive.
“Aim to keep the landscaping simple,” says Mae Chan of Di Jones North Shore. “Most people don’t want the hassle of too much gardening.”
Licensed builder and founder of renovationjunkies.com.au James Mason says the same goes for the backyard swimming pool.
“Not everyone wants a pool and sometimes it’s more maintenance and more work than it’s worth,” he says. “Put a pool in for your family’s lifestyle, but not for sale.”
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Green Real Estate Appraiser 