If you’ve decided to sell your home (or you’re being forced to by rising interest rates), one of the very first things you’ll need to decide is whether to renovate your property before putting it on the market or not. And while there isn’t one-fits-all answer to that question, there are a few reasons you might consider renovating first.
#1 There are some serious issues with your home right now
If your home has a mold problem, unfinished renovations, exposed asbestos or anything harmful to new buyers, then you should definitely consider undertaking at least a small renovation. Not only will your real estate agent advise you not to sell yet if there are any concerning health issues, but your sale price will reflect the perceived amount of money the buyer believes they will need to put into the property to make it livable.
#2 Your house is looking tired and run down
If you haven’t done any renovations recently and your home is looking a little rundown, then you may be able to earn more money if you renovate before selling. While in some rooms a simple paint job and new carpets will suffice, in others – such as tired kitchens and bathrooms – may need more extensive work. Modern inviting kitchens and updated bathrooms can help generate a higher sale price, so it’s worth investing in some renovations in those areas.
#3 Your house is too similar to what’s on the market and may not stand out
Right now, there are quite a few homes for sale across Australia. If your home is unique or has an outstanding selling point, then you may not have to worry about any renovations. However, if you have quite a standard home then you’ll need to find a way to stand out from the crowd. A renovation that updates the layout, aspect and appliances of your property could help buyers see the potential in your home. This could include moving walls, updating décor, fixtures, painting, landscaping and even styling your property for sale.
#4 You would like to sell for more than its current evaluation
If you’ve had an evaluation on your home and you’re not happy with it, you could benefit from renovating your property before putting it on the market. It pays to look around at what other similar houses on the market are offering. How do they compare to yours? What aspects of your home need attention? It also helps to know what current buyers are looking for in a house – your real estate agent may be able to share this.
However, if you have decided to renovate but don’t have the time, expertise, or money, what can you do? That’s where Your Property Profits can help.
Not only can we help evaluate and reveal the full potential of your house, but we will employ our team of tradies, stylists and renovation specialists right away to work on your home. No job is too big or too hard. We can move walls, update kitchens and bathrooms, and we’re skilled at flooring, painting, landscaping and more.
Plus, our Financial Assistance Package means you don’t need any money upfront in order to jump start your renovations before you sell. That way, you can get the banks off your back straight away so you can breathe a little easier, then we fully pay for and undertake all the renovations necessary to get you on the market fast with a fresh, new-paint-smelling house as soon as possible!
So, if you are planning to renovate your home before putting it on the market, it’s time to consider enlisting the help of professionals to get the job done. Here at Your Property Profits, we want to understand your expectations for your home to help bring you the most value to your property. Find out more or contact us for a chat about your home.