January 24, 2022
Selling a house in Australia’s competitive home market is favoured by having a functional, attractive home. A place where buyers can settle in immediately without any initial repairs.
These kinds of homes usually sell faster and have the highest value.
How exactly do you get your house ready for the market, and how do you increase its value before listing?
Simple. All it takes is the right knowledge and a bit of elbow grease.
If done right, you'll increase your return on investment and expand your audience of potential buyers.
Here are our top picks for how to increase the value of your house before listing.
As a general rule, you’ll add more value to the things that are seen. These include cosmetic upgrades, kitchen or bathroom remodels and street appeal.
For maximum benefit, understand your target market—which often depends on two things:
Different areas and properties will attract different buyers. Consult a local real estate agent to find out what people are looking for in your area and the type of property.
That way, it’s easier to focus on improvements that appeal to that specific audience.
A great way to appeal to a larger audience is to go neutral, especially in your choice of paint colour and designs.
The goal is to let your potential buyer imagine themselves living in the space.
Banks often minimise their risk by undervaluing properties.
Make sure that your bank values your property at the highest amount.
First impressions count; there’s no way around it.
You want to encourage any potential buyers to want to own your house before they even see the inside—and the only way to do this is through street appeal.
Street appeal influences the feelings and imaginations of your potential buyers. If attracted, they imagine sparkling interiors and will be willing to pay more from the start.
If the exterior is unappealing, they likely won't even bother visiting the house, let alone buy it.
Refreshing your home’s exterior with a new paint job can expand your market and attract a whole new demographic.
Your front garden contributes to the overall look of your house from the street. Make it look clean and well taken care of.
If your roof looks a little worse for wear, your potential buyers will assume it needs some work done, and roofs can be expensive to fix.
While external appeal might get a buyer through the front door, it’s the inside that’ll close the sale.
Internal appeal pulls on your buyer’s heartstrings, evokes attachment, and gets them to sign on the dotted line.
There once was a time when bold feature walls and decorative wallpaper were en vogue. That time has passed.
If you’ve got wallpaper, take it down and give your walls a new coat of paint.
Dirty old floorboards and carpets indicate a property hasn’t been well looked after.
Interiors like this leave the buyers wondering, “what else is wrong?”
You want to avoid this at all costs.
Thankfully there are ways to revamp your floors and increase property value without breaking the bank. These include:
Updating your kitchen is one of the fastest ways to increase the value of your property dramatically. Most of the time you won’t need to rip out the entire kitchen and spend a fortune.
Retain your existing cabinets, but replace the doors and handles with modern options. You should also re-paint them to freshen things up a bit.
Update old light fixtures and increase natural light to make your kitchen look more inviting.
Investing in outdoor areas could make all the difference in your home. The Australian weather makes outdoor space living very valuable.
Depending on your budget, outdoor entertainment areas can be simple or extravagant. No matter the size of your project, these areas should include:
The driveway is your first opportunity to make a lasting impression on a prospective buyer. Old, cracked concrete can reduce perceived property value and how much a buyer is willing to pay from the get-go.
Thankfully, there are affordable options you can take advantage of to spruce up your driveway.
Pavers are a brilliant and affordable way to revamp your driveway. They come in different colours and styles that allow you to get creative. They also work well with other materials like grass and gravel.
Selling your house can be a monumental task—from adding value to your home to finding the right agent and possibly vacating your place for open-for-inspections.
It need not be this challenging—this is where Listing Loop comes in.
Listing Loop is a real estate marketplace for off-market and pre-market properties that connects buyers, sellers, and agents.
What exactly does this mean, and how does it help you get the right buyer for your property?
Off-market listings, sometimes referred to as secret listings, are properties on sale that are not advertised on mainstream real estate websites.
With the off-market approach, a seller can avoid expensive advertising fees while maintaining their privacy.
Related: Top 3 Benefits of Selling Off Market
Listing Loop is Australia's leading marketplace for off-market properties and secret listings. With a broad and ever-increasing buyer database and the use of intelligent technology, Listing Loop identifies and pairs the most suitable buyer and property.
It's a new take on the traditional method of property searching with real-time property match alerts.
Additionally, a seller that lists their property on Listing Loop through their agent enjoys:
If you're looking to sell your property, talk to your agent about joining Listing Loop today.
Go on, get in the Loop.
Discover pre-market and off-market properties you didn’t know were for sale. Listing