4 top tips for renovating before selling

If you’re renovating your property to get it ready for sale then chances are your top priority is adding as much value as you can. 

It’s easy to get carried away with home makeovers and that it why a lot of sellers can end up overcapitalising if they don’t take the time to thoroughly research and plan their renovations.

To add the most bang for your buck it is worth keeping the below tips in mind:

  1. Think about the target buyer

You need to ask yourself who you are renovating for before you get to the fun part of picking out paint colours and new tiles.

Think about the eventual buyer and target your renovations to suit them. Will they be a young family, or possibly a trendy young business couple?

If you’re targeting families as an example then you may want to think about adding family-friendly property features such as a fenced in yard or a second bathroom.

Also take the location of the property into consideration and make sure that renovations are suited to the overall character of the neighbourhood.

  1. Prioritise the must-haves 

Write out a long list of everything you could potentially do to improve the property in question and then pare it down to the bare essentials, or to just the things that are really going to make a difference.

Budget is often a big consideration so make sure you use it where it counts. It’s often best to stick to simple cosmetic improvements. Think things like painting, landscaping or replacing light or door fittings. 

  1. Make sure you have approval

For those who intend to do any major changes to the property you should always make sure you have the appropriate council approvals in place.

It’s always a good idea to get to know what property changes require approval. Failure to get appropriate approvals could end up devaluing the property and you might end up needing to go back and redo any changes.

  1. Chat to a local agent

While you should always do your own research, it doesn’t hurt to get a second opinion about your property from someone who knows the area and has a solid idea of what local buyers are looking for.

Agents are talking to buyers everyday and know what property features they are on the lookout for, so it doesn’t hurt to get some advice about potential renovations before you start making any costly changes.

 

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