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Published on Aug 28, 2020 | Updated - Nov 9, 2023
Selling a home is a stressful experience, and we all want to get the best possible price we can.
When selling a home, one of the biggest challenges is deciding where to put your time and money to get the best “bang for your buck” come sale time.
We recently consulted a local real estate expert, Stephanie Jordan, to gain a glimpse of her real-world insight on the subject.
Sharing some insights from 10 years’ experience selling homes, Stephanie’s big takeaway is that First Impressions Count. Here are her 5 top tips for maximising the sale price of your home.
It’s the first thing people will see when they wander up your driveway on the open home day.
First impressions count, so this is an area where you’ll get the best bang for your buck as you prep your home for sale. These are a couple of things you can do.
If you’ve got some extra time to prepare your home for sale, a fresh coat of paint can do wonders. If you’ve got time to do the job yourself, then you’ll get a great return on your painting investment. At the very least, fix any areas where the paint may be peeling.
Keep the colours light or neutral, as this will appeal to the majority of buyers, and lighter colours tend to make a home look bigger.
If a repaint isn’t required, pressure wash the walls and eves. You’ll be shocked by the amount of dirt you’re likely to remove.
For many buyers, an updated, clean and stylish floor is important. Have your floors professionally cleaned, and if they are particularly dated or damaged, consider a replacement.
If your floor is particularly beaten up or damaged, the best option may be to install a floating floor. One of the best options is Vinyl Wood Planks (otherwise referred to as Luxury Vinyl Tiles.
They’re relatively inexpensive, come in a range of colours, and better quality planks look very similar to real wood. We love the fact that vinyl planks are softer than timber and help absorb noise. On the other hand, we suggest you avoid cheap laminate flooring, as this can actually detract from the value of your home.
You don’t need to put in an entirely new kitchen or bathroom. Just think about how you can update these spaces. Our experts' top tips for updating your bathroom and kitchen are:
Even if your kitchen and bathroom have seen better days, replacing the handles is a very cheap way of giving the area a facelift.
A fancy bathroom or kitchen tap can really dress up the area. This is one opportunity to have some fun and achieve some real bang for your buck.
This is a big one, and you’ll probably need an expert. Grout is absorbent, and over the years, it sucks up a combination of dirt, grease, grime and the residue from cleaning products used to mop the floor.
If your grout looks dark and grungy, we suggest having your tiles and grout professionally cleaned to lighten up the rooms and complete the facelift.
We all have that list of odd jobs around the house that we’ve been meaning to get to – now is that time! Seeing unfinished jobs around the home could turn off potential buyers.
Australian’s love a great back yard, but almost every backyard has a half-finished project. If you’ve got a veggie garden, keep it fresh and have flowering or fruiting plants for sale time.
Do not throw every broken something into the garage with the intent to fix it. Broken things add clutter and detract from your home. If you’re into hobbies such as cars or furniture making, show off the finished projects or carefully display projects you’re working on, but get rid of the clutter.
It can take some time, but having a clean and organised place can help a potential buyer to envision themselves in the home.
We recommend having your own Pest & Building inspections complete before putting your home on the market. If hidden problems are discovered by a purchaser, it may cause them to withdraw interest or reduce their offer. Knowing the ins and outs of your home can mitigate this risk.
Stephanie says that it is beneficial to speak with an agent before making any updates, as they will advise where best to focus your time and money. Once you have this advice, write a list and consider the cost and financial return of each task.
Focus on one thing at a time, and you will quickly make progress and be well on your way to achieving your sales goal.
A recent client had his home valued at $440,000. We helped the client work out a plan of attack, which included a little re-painting, flooring, window furnishings, built-in robes, minor kitchen updates, re-cladding the garage, and a general tidy-up.
The total investment was under $25,000, and his home was revalued at $510,000 and sold for $535,000! An extra $70,000 for a total of 6 weeks of work.
Guest Contributor: Stephanie Jordan of Lisa Maklin Property
Stephanie is a real estate agent with a passion for property. After purchasing her first home at 23, she worked on developing a property portfolio while pursuing a career in HR.
When it came time to change careers, Stephanie decided to follow her passion and enter real estate, and she hasn’t looked back. Stephanie’s philosophy is to always be genuine and approachable in the sometimes-murky world of property sales.