When planning an upgrade to your property before selling, there’s often that dilemma about what to do and how far to go for the best return on your money. From the results I’ve seen, making the right changes to refresh your property and make it “pop” in the eyes of your buyers, is the difference between a quick, top dollar sale and a slow and unprofitable one.
Most “experts” would say that kitchens and bathrooms are the areas you should pour your money in to. I disagree: my view is that when you sell, the priority areas in order of importance are generally:
1. Exterior front
3. Interior living spaces
4. Exterior living spaces (depending on location)
5. Bathrooms and the rest of the house
This is not to say bathrooms (and bedrooms, laundry etc) don’t get a look in. They would definitely get some love, but the extent of work done would be less than other experts might typically advise.
I have proven the success of this theory over and over. Think about when you first saw the home you live in now. The first parts of the property you see are the exterior, then the living and kitchen spaces. I believe that these are the areas that provide the first impression and biggest impact.
Carefully assess what parts of your property would benefit most from an upgrade – before you start on anything. Ask real estate agents or research what the qualities are of the properties that sell quickest and for the most money in your suburb.
read more at: http://www.domain.com.au/news/renovating-to-sell-youre-doing-it-wrong-20160715-gq6jsl/
With labor one of the biggest costs of any renovation, there are some big savings for those willing to tackle some of their own more strategic projects around the house.
Armed with a paintbrush, drill and plenty of stamina, you can achieve amazing transformations in a relatively short time. If you’re prepared to put in some hard yards this long weekend, here are five cosmetic improvements that will really add value to your home.
Firstly, painting should be your first consideration and virtually everyone is capable of this cosmetic improvement. Just be meticulous with your preparation and always use good-quality paint and equipment. In 25-plus years of renovating, I’ve never found anything as powerful as paint for achieving miracle transformations in really tight time frames. Opt for a neutral palette that won’t date, especially if you’re renovating with buyers or renters in mind.
The next focus should be a facelift for your kitchen or bathroom. Be warned; if your kitchen and bathroom need complete replacing, that’s certainly no weekend project. However, if they’re structurally in good condition but just cosmetically the wrong colour, or dated, then some of the specialty paints on the market will produce miraculous results.
read more at: http://www.domain.com.au/news/how-to-add-value-to-your-home-in-a-long-weekend-20160321-gnn68z/
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