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Where to splash the cash when selling

Written by: Jude Gregory

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Splash

  • Repairs: Time and money spent repairing obvious defects is rarely wasted, as buyers want a property that’s in good shape. Check for visible signs of wear, inside and outside your home. Small jobs, such as filling gaps, re-grouting bathroom tiles or sanding and painting windowsills make a big difference to the appearance of your property.
  • Marketing: This is an essential. Most agents will offer a minimum package of signboard, photos, print and internet advertising, but ask about its expected impact and what more can be done. A wider reach will generally raise the level of interest and, consequently, the returns you can expect.
  • Plants: In garden beds or stuffed into decorative pots, healthy plantsmake a big difference to the way your home looks and feels, so splash out here. Try clumping bamboo for privacy and hanging baskets for a splash of colour. Inside, add a palm tree in the entrance, a weeping fig in the lounge and flowering peace lilies throughout.
  • Soft furnishings: A new set of bed linen, towels and tableware makes any room look fresh and inviting.
  • Dehumidifier: If it has been raining or you have a problem with damp, invest in a dehumidifier. It will make a huge difference to a musty home and you can take it with you.

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Gamble

Some spending might pay off, or not. Do your research, cost everything out and ask your agent what difference it’s likely to make before you jump in here.

  • Painting: If the walls are seriously grubby or dingy, it could be worth spending a few dollars and a weekend slapping a fresh coat of paint on them. Buyers want bright, clean rooms and this gamble may well pay off.
  • Storage: The less furniture, belongings and clutter you have in your home, the more spacious it appears. If you still have too much after clearing out, put it in storage and live with minimal possessions for the sale period.
  • Staging: Having a home stylist come in and stage your home for sale can be an expense that pays off, especially if you aren’t living in the house at the time. Depending on your budget, a stylist will advise or completely re-decorate in a consistent style, taking into consideration the type of house, the neighbourhood and what buyers want to see.

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-Jude Gregory

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