Many homeowners who’ve decided to move and sell their houses to create more net profit. When your time to sell and move comes, you also want to get a good return from your property investment. Renovate before selling to transform your home to make it more desirable for the buyers — and secure a better offer from them.
At Superdraft, we know which upgrades will add the most value to a home before its sale. We can help you with a cosmetic touch-up, or a major renovation to increase the property value and attract more buyers.
Home projects that generate more profit and help you sell your home faster
No two projects are exactly alike, but in general, these projects tend to generate more profit and help you sell your home faster:
Improving your home’s curb appeal
The moment your buyers see your home from the street is the most crucial part of selling your home.
Improving your home’s curb appeal will attract your buyers and convince them to pull up to the driveway and walk to the front door.
What you can do:
- Give your home a new exterior paint. A fresh coat of paint works wonders. Neutral colours such as light grey, charcoal grey, taupe, beige, and white are still the best exterior paint choices for your home.
- Make sure your roof is in great shape.
- Fix and clean your windows.
- Power wash or pressure wash your driveways and walkways.
- Do a little landscaping.
- Make the mailbox and house number visible.
Here, you see a newly renovated Queenslander. Nobody will be interested in buying a dilapidated house.
After elevating the Queenslander house and a few exterior design fixes, this home is ready to be listed in the market.
Revamping your home interiors
Apart from exterior upgrades, it would help if you also polished up your home interiors. Most homeowners take on tasks such as:
- Repainting all the walls and ceiling – A fresh coat of paint helps show off your home’s qualities. It instantly refreshes and modernises the rooms.
- Removing the old and installing new floors – Creaky, disintegrating, chipped, cracked, or shattered floors scare the buyers. Take care of these minor issues before listing the property for sale.
There are times when a new paint colour and new flooring are not enough to convince the buyers that this is the home they have been searching for.
When your kitchen and bathroom are outdated and uninviting, consider renovating them.
Renovating the bathroom and kitchen before putting up the property for sale
Today’s buyers pay a lot of attention to the bathroom and kitchen mainly because these two high-profile areas are the most expensive to fix. Renovating these areas often support the sale of the entire house.
But before you invest your time, money, and energy on a renovation, think about the return on investment (ROI) of these projects.
According to the realtors in Australia:
- A major kitchen renovation has a return on investment (ROI) of less than 60%. Meanwhile, you can recoup up to 80% when you opt for a mid-range minor kitchen renovation instead.
- A major bathroom renovation has an ROI of about 62%, while a mid-range minor bathroom renovation has an ROI of 67%.
Based on experience, even minor kitchen and bathroom renovations can make home buyers feel ready to move in. Meaning, you don’t need to spend a lot to renovate before selling your home.
Here are several things that you can do:
- Replace worn-out cabinet hardware – Opt for more stylish handles or cabinet pulls that match the room’s style.
- Refresh the look of old cabinets – You can reface the cabinets or repaint them to give it a new look.
- Modernise tapware and fixtures – Take a cue from what real estate agents use in showrooms and imagine them installed in your kitchen and bathroom.
- Install a new and nice benchtop, but don’t spend too much money on it because this is a very personal choice, and the new homeowner might change it in the future.
- Rethink and change the layout to create a more functional and more ergonomic space.
Having an impressive kitchen and a beautiful bathroom boosts your home’s value and makes a significant impact on the buyers.
Set aside a budget for these mid-range minor renovation projects and work alongside professionals to ensure a good return.
Are you going to renovate before selling your home?
Depending on the structure’s current condition, your home might need a minor renovation or a complete overhaul.
It is highly recommended to conduct an on-site consultation with an expert designer to discuss the scope of your home improvement project.