First impressions last longer
IF you could renovate only one room of your home, which one would return most on investment?
According to Cathy Morrissey, of The Reno Chick, the answer is a no-brainer.
“If I had to say what gets people in the door, it is the front yard, your outdoor room,” says Ms Morrissey, who has managed seven renovations since 2012. Each has returned a six-figure sum. “That’s because if you can’t get them (prospective buyers) in the first 10 seconds, if you can’t make a good impression, you will never
If I had to say what gets people in the door, it’s the front yard.
have a chance,” Ms Morrissey said.
“Investors don’t care so much because they are thinking about what they can do to improve it themselves but for owner occupants it’s their home so spend a little if that is all you have and it will bring the best return on your outlay.
“Make that positive first impression and you don’t need to spend a lot of money to do it.”
If you have less than $500, Ms Morrissey suggests you: Buy some new plants and flowers Mow the lawn Clean the concrete Remove rubbish Prune existing foliage Add some fresh mulch Paint the front fence She once spent $6000 cosmetically refresh- ing the front of an investment property in Sydney. She says the 35-day paint-and-gardens project made her $105,000 profit.
“Paint the fence if you can and get the front yard looking really neat because that will get people in your front door,” she said.
Melbourne renovator Tom Hall said: “I would say it is probably one of the most expensive (rooms) to do but for returns I would have to say the kitchen.”