To maximise your return when selling your home, it’s important to know what to do your house, how much to spend and what makes the difference to buyers.
Cleaning, tidying and de-cluttering are all common sense, but there are often more profitable decisions to be made about landscaping, painting, repairs and hiring furniture
Many vendors naturally want to minimise the cost of readying their property for sale, but a smarter strategy is to focus on items that will give the best return.
Imagine a tired rental property that’s in need of some TLC – overgrown front garden, mildly damaged walls and stained carpets.
If the vendor were to spend $400 tidying the garden and giving the house a good clean it might add $5000 (yes, it really does make that much difference) meaning they’d make a profit of $4500 ($5000 minus $500) on their efforts.
However, if that same vendor were to spend $9000 on painting, carpeting, cleaning and furniture hire in all the right colours and styles they could easily add $30,000. That is a profit of $21,000 ($30,000 minus $9000).
And more some tips on backyards, check out this article.