Must-do repairs before selling your home
Making quick and affordable upgrades to your home can increase your sale value. Here’s where a real estate expert says to invest your time and money prior to putting your home up for sale.
Whether you're planning to sell your home, or an investment property, spring might be the ideal time to capitalise on a busier property market.
‘Spring sale season’ has traditionally been a more profitable time for sellers, as more buyers take advantage of the warmer weather to go to open homes, lawns and gardens look their best, and buyers look to settle into a new home before summer.
However, today’s buyers are more cautious and conducting more online research, and in a competitive market, minor defects could be the difference between selling your property for top dollar or leaving money on the table.
Peter Kudelka from Kay Burton Real Estate says that while it’s difficult to completely future proof your home, knowing where to spend and where to save when it comes to repairs and upgrades before you put your home up for sale is key to appealing to a range of prospective buyers – and it is entirely possible to make your home look expensive on a budget.
“You don’t get a second chance to make a first impression,” he says. “There’s a fine balance between getting your home ready for sale and overcapitalising with upgrades that won’t see a return on investment.”
“Things like installing a granite kitchen in a dated home on a busy street won’t see the best return but updating the bathroom can really help.”
So, when it comes to preparing your residential property for the spring sale season, keep it simple. Some repairs can be DIY, and some require professional assistance – but both can help drive the value of your property higher.