Planning to sell your home? The best way to maximise profits is by creating a well-maintained property that new owners can move into without doing major work. Here are 10 easy steps to renovate for profit.
A young couple doing up their hallway in the old house they have bought . They are sitting on the dust sheets and painting the woodwork in their old house.
1. Refinish the floors
Ripping out carpet or old floor tiles is a large-scale improvement for maximum impact but not necessarily a cheap one.
Pull up the grungy carpet and put down a hard surface like laminate floorboards, or real timber if the budget allows, to radically change the property.
For maximum impact go for laminated spotted gum floorboards in high gloss, they can make your property look like a designer home.
2. Spruce up with paint
For every dollar you invest in painting you’ll typically get a $5 to $10 return.
It’s one of the most powerful ways to transform a property. Applying just one coat of fresh paint to ceilings brightens the space. For walls choose a modern, classic scheme.
The no-go color is yellow as it can date fast, go for colors like light clay, mocha, cream, natural stone and earth tones.
3. Update interior doors
When it comes to internal doors there’s no need to replace them.
There are lots of drab timber doors that simply need to be cosmetically refreshed with paint and a new handle. You don’t have to buy costly door handles as there are some really great fake clones.
Go for either curved or straight lines but not both. Straight is better because it’s more modern so the
look tends to lasts longer.
4. Turn up the lights
One of the first things to do is rip out the single pendant lights and install halogen or LED recessed downlighting. The objective is to lighten and brighten.
5. Dress the windows
Installing window treatments is an essential home makeover job and important to get right.
Dark curtains block light and aren’t the best option for people suffering allergies.
They tend to detract from a light, bright and airy home. Blinds generally cost less and give a more modern look. The trend at the moment is for slimline venetians because they cost so little and you can simply buy them to install easily.
Match your fixtures and furnishings to your home, making them relative to the property’s worth
6. Resurface the kitchen
Buyers identify the bathroom and kitchen as the two big cost centres. After they buy, replacing the kitchen can cost them up to $20,000 plus another $15,000 in the bathroom.
So they could potentially discount your property by up to $35,000 if those areas aren’t renovated. But of course you can do them for less.
7. Refresh the bathroom
If a bathroom has good bones but everything’s dated with the wrong colors then refresh with tile paint and resurfacing. You can get a new look in just a day for a fraction of the cost by keeping the existing fixtures.
8. Revamp the entrance
Instant kerb appeal means potential buyers stop and look at the property instead of driving past.
The top jobs are cleaning up with a high-pressure washer, painting and fixing the fence.
If the fence needs replacing build to the maximum height allowed.
9. Update the driveway
To give paths and driveways a facelift, use paving paint.
Poor driveways and pathways can pull down the value of the rest of the property. It’s like baking a cake then forgetting to ice it.
10. Green up the lawn
Many homeowners concrete the front yard for easier maintenance but turf is a highly valued commodity. People love having a lawn at the front and back, it’s added bling.
Are you thinking about a renovation? Then contact us today to discuss what you have in mind.
Call AllGroup WA 6373 2494, the team are ready to discuss your ALL projects, big or small.