Many homeowners take the time to prepare their houses for sale in order to get the greatest price, even if they are not in a haste to sell or are not under financial pressure to do so.
And doing so frequently entails making improvements or repairs before listing the property for sale.
However, there are times when owners over-renovate and lose money on the sale, as well as times they restore the incorrect aspects while ignoring the ones that purchasers value more.
Things to be fixed
According to Sheriese Potgieter, a sales property professional at Just Property Queensburgh, deciding what to change and what to leave depends on the true potential value the real estate can get, the cost of repairs, and the seller’s expectations. Carin Howell, a colleague from Heidelberg, continues, “You don’t have to fix everything, but it’s beneficial to obtain input from your property professional regarding which imperfections, when fixed, will help you reach a higher selling price.”
“By doing this, homeowners can make sure that any changes they make are likely to produce a positive return on investment when it’s time to sell the house.”
He points out that remodelling your kitchen or bathroom could add significantly to the value of your property, but he also recognises that this can quickly get extremely expensive. Therefore, sellers ought to concentrate on little initiatives that would increase value over installation charges.
Think Smart about what you decide to repair
According to Grahame Diedericks, manager principle at Lew Geffen Sotheby’s International Realty, statistics indicate that you’re unlikely to recoup the costs of big remodeling or home improvement projects, so cautious thinking is required.
“There may be a considerable lot of work to do if you’ve owned your house for five years or more, or if you have been putting off-maintenance projects that you know need to be done. However, not all repairs are created equal in this situation.
Diedericks advises categorising the fixes into three groups once you’ve compiled your list:
- Before potential buyers arrive to see, little, reasonably priced repairs that may be completed quickly, such landscaping, gutter cleaning or repair, or an additional layer of paint, can be made.
- Major problems with water and electricity systems, structural issues, wood-destroying insects, or dangerous elements like asbestos that you’ll either need to rectify or otherwise disclose to buyers.
- The most likely issues on both of these lists to become deal-breakers and turn off prospective buyers. You should finally concentrate on the items on this list, which may include a foundation that is damaged, substantial termite damage, or an old roof that has to be replaced.
Ask your representative if they have observed any problems that prospective buyers are frequently avoiding, and ask them to assist you in deciding which fixes will strike the right balance.
Many low-cost upgrades can also help you sell your house, according to Margaret Msimango of Simply Property Pretoria North.
“Curb appeal is crucial because first impressions matter. Presenting a clean road frontage and entry is crucial.
The majority of buyers seek out properties that have been well-kept, concurs Dumisani Sibisi of Simply Property Queensburgh.
“Sensible paint touch-ups and general interior tidying, as well as garden cleaning, can help to get the results sooner.”
Dangazele agrees, saying that clean, organised walls will help sell a house or flat much more quickly. Clear the clutter from the living rooms, bedrooms, and kitchens, and stage the house to give it a tidy yet lived-in appearance. Make sure the roads and garden spaces outside look good.
Goslett claims there are further methods to raise a home’s resale value in addition to these tried-and-true tips.