Ballarat Sale Ready Tip #1 Repair or Make-over?
A general clean & repair is the starting point. Consider what your ‘deal breakers’ may be. We can assist with prioritization of maintenance work
Preparing to sell? What do you need to consider fixing, or doing a make-over on, to obtain the highest return?
This is the question everyone asks. A general clean & repair is the starting point.
Most estate agents will tell you to leave property updates to the next owner. They want to sell your property straight away, & get their commission, even if the sale price will be lower than you would obtain by investing in a few updates.
We have found that a well presented property can re-coup a sale price 5% - 10% higher than a real estate agent first considered. We note that the real estate company L. J. Hooker repeatedly publish that the majority of their agents report a 10% increase on sale price for a well presented property.
Consider what return you can get for updating some items. We will be presenting some ideas in our weekly Blogs. Firstly, clean, clean & clean is a big must. No one wants to buy a dirty house. Consider a quick update of your kitchen, bathroom & laundry. We will be presenting ideas for these areas in our blogs.
Repair small items, & expect that larger repair items may need to be disclosed to a potential buyer. Some lending authorities require that a house has a Building Inspection Report undertaken. It is a very good idea for you to commission & pay for this, so that you know what it will say. Some vendors are very disappointed when a Building Report scares away a purchaser. Often the momentum of the sale campaign is also lost.
Research what has sold in your area, & compare the level of presentation with that of your property. Then consider your buyer demographic profile. Buyers with families usually want a functional house with low maintenance. They want to see secure fencing, good storage & a well maintained garden.