Where to spend to increase value |DOMAIN

When it comes to selling a home, the age-old tale about spending money to make money is not far from the truth. But it can be difficult to know what can increase the value of the property. Sue Opie, property consultant at Luke Goggin Real Estate in Bendigo shares her tips on how to maximise the sale price before selling.

1. KITCHEN

The kitchen and bathroom are the heart of the home and must seem to be not only functional but also contemporary. Replace old tired appliances or fittings, while sometimes a coat of paint is all that is needed to update tiles and dated cupboards. 

HEART OF THE HOME: While it can be difficult to know what can increase the value of the property, a contemporary kitchen is a smart start. Replace old appliances or fittings and treat the walls to a coat of paint.

HEART OF THE HOME: While it can be difficult to know what can increase the value of the property, a contemporary kitchen is a smart start. Replace old appliances or fittings and treat the walls to a coat of paint.

2. REPAIRS

All repairs should be completed prior to sale, otherwise it will reflect in the final sale price. Clean gutters, fix any leaking taps, light bulbs or shower recesses and tidy the garden.

3. MARKETING

A good agent will talk you through different marketing strategies for your property and will identify the correct strategy which suits both your budget and the individual property. These strategies generally include internet, press and social media marketing, signage, photography and brochures. The most critical strategy is for your property to make a good first impression, to encourage potential buyers to progress further than the initial first photograph.

4. STYLE OUTDOOR AREAS

Your property must be presented in the best light in order to achieve the best possible price. Decluttering and styling are essential - you want the potential buyer to visualise themselves and their furniture in the property. Decluttering also makes rooms look larger. Don’t forget the outside areas, which must be clean and tidy to highlight all of the potential living spaces. Don’t forget the front of the property, which is the first impression.

5. LIGHTING

When the house is open, make sure all of the curtains and blinds are open and the lights are turned on, including all lamps. Make sure all the bulbs are working. Strategically place orange oil candles at the entrance kitchen and the bathroom.

6. PROFESSIONAL CLEANER

This is the most important strategy. A shiny house will attract a higher price, and professional cleaners know how to make your house shine. Clean windows, bathrooms and kitchens are essential. Don’t forget outside – blower vac any leaves, mow the lawns and if needed, hire a professional gardener.

7. RENOVATIONS

Make sure any money you spend on the property will add to the sale price and not over capitalise the home. If you're not sure, ask your agent who’ll work with you to give you an idea of where to spend money to make the maximum difference.