Under-rated Cosmetic Renos You May Be Ignoring When Selling Your Property This Summer

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If you’re looking to sell your property this summer, you may want to consider these easy, simple cosmetic reno tricks to maximise your selling price. Nila Sweeney, managing editor at Property Market Insider spoke to property author and professor Peter Koulizos for his top tips.

Cosmetic Reno can help you maximise your selling price when selling property

When is the best time to sell your property? Is it during winter when there is lesser competition or at springtime when market activity is at its peak?

Experts say, the best time to sell is when you don’t have to. This way, you have the luxury of timing the market.

But what if for financial reasons or change in circumstance you need to sell as soon as possible, and it’s summer time?

The good news is there are simple tweaks you can do to maximise your selling price. Peter Koulizos, property professor and author, shares his Top Cosmetic Reno tips.

 

Appeal to the home buyer

While you may be selling an investment property, you want to appeal to the home-buyers as well.  In general, home-buyers are more emotional when buying their home compared to investors.

You don’t have to spend a lot of money either. Here are a few things you can do to update your property quickly and cheaply.

Top tips!
        • Clean the carpet or polish the floor board.
        • Paint. It’s the best value mini-makeover you can do.
        • Clean the property thoroughly.
        • Tidy up the garden, especially the front yard. Front yards, in particular, are important because they are often the first aspect of the property that potential buyers will see.

Turn up the summer appeal

If you’re going to rent furniture to improve the look and feel of the property before selling, also known as staging, think summer colours and pieces.

Top Cosmetic Reno tips!
        • Choose light, neutral colours.
        • To sell in summer, less is more. Opt for a minimalist décor.
        • Replace darker rugs, curtains, cushions and blankets with lighter colours.
        • Consider adding a few nautical themed pieces.
        • Make the most of the outdoor areas and set them up to show off their potential for outdoor meals and entertaining.
        • Ensure all pools and water features are clean and/or switched on to impress buyers.

Use light to your advantage

People are generally drawn to natural light, so the more natural light you can let in, the better.

Top tips!
        • If there are curtains in the house, either remove them or replace them with lighter colours and textures to add a relaxed, ‘summery’ feel.
        • Dark, heavy curtains don’t add appeal and can also make rooms look smaller.
        • Use good quality lights and lamps.
        • Turn on all the lights and lamps before inspections.
        • Open all the curtains and blinds.
        • If possible, hold inspections before the sun sets unless of course, the property looks especially good at sunset!

Be flexible to inspections

Summer can be a somewhat hectic time of year with school holidays, end of year functions, holidays and Christmas and New Year celebrations. There’s also a lot of sport on at this time of year, such as cricket and tennis that have a tendency to keep people glued to the TV screen.

Top tips!
    • Given the busy nature of the summer months, be open to more flexible inspection times.
    • Try and avoid weekends too close to Christmas or New Year as people are often on holiday or too busy to make time for viewings.

Keep your property cool

There is nothing worse than walking into a hot, stuffy home on an equally hot and stuffy day. It won’t help make a good first impression for potential purchasers.

Top tip!
  • Ensure that before the open inspections, the air-conditioning has been on for a while.

Exceed expectations

If you really want to impress, offer a cool drink to your prospective purchasers. Have some cold sparkling water and glasses ready to offer people looking through your property.

It adds a nice touch, gives potential buyers a way to remember the house and also helps create a casual atmosphere. This may need to be discussed with an agent if they have been engaged in selling the property.

Every time of year has good and bad points when it comes to selling property but make the season work for you, and it won’t matter when you sell.

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If you’re a first time buyer, or know of someone looking to buy their first home, click here to download the free affordable suburb listings, which shows all the affordable suburbs for each state and territory.

This article was first published at www.propertymarketinsider.com.au


 

 
 
 
 

Warning

The material on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained on this website is General Advice and does not take into account any person’s particular investment objectives, financial situation and particular needs. Before making an investment decision based on this advice you should consider, with or without the assistance of a securities adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances. In addition, the examples provided on this website are provided for illustrative purposes only.

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