Knowing when to put your home on the market is one of the toughest decisions you’ll have to make when selling, especially right now when the country is dealing with a pandemic. However, in spite of world events the real estate market is actually booming in some areas of Australia. And Canberra is one of them.
The Canberra property market is a quiet achiever. With the majority of the territory’s population employed at a federal level, Canberra’s property market hasn’t been as affected by the current events as other areas. In fact, Canberra has recorded 4.7% growth on housing values on last year, and experts are predicting that this high will hold, even if the country is hit by an economic downturn in the future.
So is now the right time to list your home? Before you decide, there are three questions to consider first.
IS YOUR HOME READY FOR SALE?
Right now buyers are returning to the market and they are looking for value for money, so the need to have your property looking its absolute best and standing out has never been greater. Does your home needing a few touch ups before it’s listed? Are the kitchen and bathrooms appealing to buyers, is the furniture clean and updated, and does the garden need tidying up? In general, most houses that sell quicker are clean, tidy and have been modernised.
COULD YOU MAKE MORE MONEY FROM THE SALE OF YOUR PROPERTY?
A lot of people sell their homes without thinking about renovating first, however a simple renovation could accentuate your home’s best features, or it could simply make your home stand out in the current market. It’s important to remember that renovating for sale is different to normal renovating. Renovating for sale is where you only spend money to increase the value of your property. Don’t waste money on areas that buyers aren’t interested in; instead, focus on high-value areas such as kitchens, bathrooms, open-spaces and curb appeal.
DO YOU HAVE THE TIME, ENERGY AND PATIENCE TO SELL NOW?
Making the most out of a sale can be a time-consuming process, especially if you need to do some work on your home before selling. Dealing with contractors, making styling decisions and find the money for all of those upfront payments is challenging. Yet, now is the time to invest in your property by renovating it in order to sell for more and sell faster. Buyers are returning to the market and they are looking for value for money, so the need to have your property looking its absolute best and stand out has never been greater.
If you would like a worry-free renovation that only focusses on the areas of your home that can add value, Your Property Profits can help. We make renovating accessible to everyone by covering all the upfront costs of the renovation so you can sell your property faster and for a higher price. Interested? Ring Your Property Profits now on 1800 225597 for a free consultation.