TonyQuattroville.com.au
  • Home
  • Meet Tony
    • Profile & Video
    • Personal Stuff
    • View my Booklet
  • Reviews
  • Advice
    • August 2018
    • July 2018
    • June 2018
    • All Posts
  • Sales/Listings
    • View my Current Listings
    • View my Recent Sales
    • View my Property Videos
    • Suburb Reports >
      • North Curl Curl
      • Narraweena
      • Beacon Hill
      • Brookvale
    • oneagency.com.au
  • Contact

Thinking of Selling? Spruce up your property but don't spend too much...

14/2/2014

0 Comments

 
Picture
It makes good sense to spruce up your property before putting it on the market. But what’s an appropriate amount to spend?

Carefully planned expenditure on a house before it’s listed can certainly lift the sale price. Some people can even make a comfortable living from buying run down properties, doing them up and then selling them on to happy buyers.

However, not all expenditure will necessarily result in a higher resale value. For example, if a property is situated in an area ideally suited for townhouses, then any significant expenditure on the existing house could be wasteful, as most buyers for that property would likely be more interested in the land value.

Expenditure falls largely into two categories: general maintenance and structural changes. General maintenance includes repairs such as repainting, replacing worn fittings such as water heaters, and landscaping. These expenditures are small compared to the value of the land and it’s important to attend to them regularly so the value of the property doesn’t decline.

They are the easiest and most cost effective means of lifting the value of a home prior to sale, particularly if the result is clearly visible. Lovely garden improvements or fresh paintwork both inside and outside the home can make a

big difference. Even small improvements in wet areas can make an impression on buyers. Replacing old, unfashionable tiles, shower screens, mirrors and tap fittings with modern ones can look a million dollars. If you have the budget for it, new bench tops, tap fittings and splash backs in the kitchen can add a real ‘wow’ factor.

The other category of expenditure is with structural change to the home or major earthworks in the yard. This includes things such as costly extensions, a quality al fresco area or the installation of a pool.

Keep in mind that the sale price of a recently extended home may not always fully cover any major expenditure on a home. The key to achieving a higher resale price for a property is to spend money on work to increase the number of potential purchasers.

Other attractions for potential buyers and needing only modest expenditure, might include air conditioning in a living room, nice looking paving around parts of the home, a lock-up garage, reticulation throughout the garden or data points in the lounge and study areas.

If you would like advice on the selling process, please contact us anytime. We would be more than happy to discuss options tailored to deliver the best outcome for your property.

Tony
0 Comments



Leave a Reply.

    Author

    Tony Quattroville, Real Estate identity & Business owner, providing information to his local community. See video below:

    Archives

    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    June 2017
    May 2017
    April 2017
    February 2017
    December 2016
    June 2016
    May 2016
    April 2016
    March 2016
    February 2016
    December 2015
    November 2015
    October 2015
    September 2015
    May 2015
    April 2015
    March 2015
    February 2015
    December 2014
    November 2014
    October 2014
    August 2014
    July 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    July 2013

Ph: (02) 9905 3883 | 0418 479 738
Copyright 2018 Tony Quattroville,
 All Rights Reserved