One of the main reasons people invest time and money into renovations is the extra value they can add to a home, especially if you are planning to sell.
But before you start, it’s important to know a few of the common mistakes people make when renovating for sale so that you avoid these in your own renovation project.
1. Making decisions based on emotions
Avoid putting too much of your own personality into the appearance and design of your renovation. You need to ensure you are renovating for a mass market, not yourself or your family. Designer Georgia Caceres from The Block says to use neutral colours throughout your home, invest in a renovation plan and always remind yourself that you are renovating to sell.
2. Investing too much time and money
A renovation plan can help you not spend too much time or money on a renovation project. The idea is that you don’t spend more money than you’ll be able to make back when you sell. It’s all about maximising profits after all!
In terms of costs, it is a good idea to shop around and compare quotes instead of going ahead with the first one you receive. Having a budget and sticking to it is key! Do some research about how much it costs to renovate a house in Australia so you can plan accordingly.
3. Not asking the experts
The saying “If you want something done properly do it yourself” should never be applied when renovating to sell, especially if you are short on time, money or skill. Shoddy work won’t go unnoticed on auction day and could actually devalue your home in the eyes of the buyers.
Your Property Profits have the expertise and knowledge to get your property looking exceptional, enabling you to maximise profits. They will take care of renovating and styling your home, and will pay all upfront costs, so you can sell for more. You pay when you sell! Simple.
If you’d like to learn more or discuss how we can help you, give us a call on 0411 648 908.