See What’s On in the lo­cal area over Fe­bru­ary and March

Highfields' Own - - Contents -

MORE than half, in fact 55%, of Aus­tralians who ren­o­vate or dec­o­rate their homes are look­ing to add value to their prop­er­ties, ac­cord­ing to www.realestate.com.au’s lat­est Con­sumer In­ten­tions Study.

Around 45% of those sur­veyed be­lieve their dec­o­rat­ing and ren­o­vat­ing ef­forts will in­crease the value of their prop­erty by be­tween $20,000 and $100,000. Where to start with ren­o­vat­ing to sell? While TV shows like The Block or Love It or List It make ren­o­vat­ing prop­er­ties for profit look easy, which ar­eas of a home should an owner tackle first?

Do­ing up the bath­room or kitchen is a good place to start says the Reno Chick’s Cathy Mor­ris­sey.

“Most cer­tainly the bath­room and kitchen are key ar­eas to fo­cus on, as long as they are ren­o­vated within bud­get,” she says.

“How­ever, the home­owner must know their num­bers on their house so that they don’t over cap­i­talise by spend­ing too much money.”

Im­prov­ing the out­door area is def­i­nitely im­por­tant when sell­ing a prop­erty.

“Spend­ing some well-earned cash on your front yard has been known to bring up­wards of $20,000 just by mak­ing some sim­ple and low-cost im­prove­ments,” says Mor­ris­sey.

“Clean down all paths and drive­ways with a gur­ney. Use paving paint to cre­ate a fresh, new look with­out hav­ing to spend too much money. A good gar­den lay­out with a well-main­tained lawn will give po­ten­tial buy­ers the best pos­si­ble first im­pres­sion.”

How­ever, on the whole, when ren­o­vat­ing to sell, Mor­ris­sey ad­vises against fo­cus­ing on just one par­tic­u­lar area.

“I wouldn’t heav­ily fo­cus on just one area. I’ve bought half-fin­ished homes for un­der value be­cause a home is val­ued on the en­tire home, not just one part,” she says. Easy fixes when ren­o­vat­ing to sell Many home­own­ers over­look re­pairs. Tack­ling re­pairs is ac­tu­ally one of the eas­i­est and most af­ford­able ways to en­sure your home is ready for sale.

Like­wise, a good paint job can up­date a tired look­ing prop­erty.

“Paint is the best cos­metic im­prove­ment you will make.”

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