When selling your property, you need to know there is a sliding scale between how much value you can add and how much you can spend.
Taking into consideration the conveyance fees, capital gains tax, and improvements, sellers may have a hard time finding additional funds to spend on property styling. But styling your property definitely pays off, I estimate it boosts the value of your home by roughly 2.5% to 3% and can help sell your home much faster.
Here are 9 tips to help you raise the value of your home and get the highest possible price from the sale – without leaving you penniless.
- Apply a fresh coat of paint
One of the simplest and most effective ways to give your home a new lease on life is a new coat of paint. With paint, a room brightens up instantly and any wear and tear in the house is erased. If you do it yourself, all you need to buy is paint, brushes and rollers.
Stick to neutral colours such as white, off-white, or cream to attract as many buyers as possible. If your home is done in strong colours or you want to add some character or mood, you have the option to make a feature wall. Just avoid any clashes, keep the rest of the surfaces simple.
- Potted colour
First impression is important, and having a beautiful front garden screams “sanctuary.” If your garden is needing a few more greenery and flowers, plant some more or put some colourful potted plants in to instantly help people feel comfortable. Plants can also make up for harsher frontages, like exposed bricks, by softening the severe edges.
Make your home feel fresh and modern and revitalise the most worn out-looking rooms with indoor plants and flowers. Place small succulents or potted plants on benches and tabletops to create a lived-in vibe in your home, and a larger potted cacti, an orchid or palm fronds in the entrance or hallway.
- Boost your street appeal
An overwhelming majority of Australians want a home with a yard for their family and pets, and having a beautiful outdoor area can attract prospective buyers. Landscaping can cost thousands, but there are simple things you can do to make your yards shine.
Plant hedges and trees that are cut and shaped so they look neat, mow and weed the lawns to make them look neat and fresh. Other extras you can invest in to make your outdoor spaces more charming include creating outdoor archways or DIY stepping stone pathways.
And always consider the sate of your letter box!
- Open up the space
This involves removing something rather than adding to a room. A space that feels big and open appeals to everyone. It has been shown time and again that removing some pieces of furniture or exchanging them with smaller pieces gives off a sense of space.
Natural light also appeals to buyers, so invest in a window treatment that offers privacy and protection from the direct sun without obstructing too much light.
If there is no natural light, a good alternative is maximising the use of artificial lights. A light fixture with multiple bulbs is effective in brightening a room, and you can create an elegant feature to update the look of the room, even when it’s dark.
- Hang mirrors
To make a room appear bigger, use mirrors. They are inexpensive and immediately bring a sense of space in a room. Place a large mirror behind a sofa or shelf in the living area, or behind the headboard in a bedroom. If your hallway is narrow and dark, use mirrors to add space and open up the walkway.
Mirrors can even be used effectively in your garden and outdoor areas too! Get a little creative!
- Instant fixes
Kitchen renovations can be expensive, but they are also the space that can sell a property. If your kitchen is outdated and worn out, one of the best ways to freshen it up without costing you thousands of dollars to give a new coat of paint to the cabinets. You can do this project yourself, and then install new knobs or handles to complete the new look.
A great addition to your living room is rugs. They revitalise the space and transform its look and feel. To make a big impact, use large rugs, but choose ones that match your colour scheme. For example, tribal or graphic prints updates your home and complement most existing furniture.
For bedrooms, make them feel inviting and cosy with new linens. Similar with paints, use neutral bedding linens with minimalist designs, and choose simple patterns, rather than bright colours or clashing prints. To add more character, a bed runner can add style without being pretentious.
- Tidy up and remove clutter
Decluttering is one of the simplest styling tricks out there.
In property styling with the aim to sell, the main thing is to design the home like a blank canvas so buyers can visualise themselves living there. If it’s cluttered, your home can overwhelm buyers during inspections. Take away all the personal items and kitchen appliances you have collected over the years, and open all curtains and windows to let in natural light.
Giving your home a deep cleaning, including professional carpet cleaning, is worth every penny. This eliminates odours that may have been lingering in your home and leaves your home looking and smelling fresh and clean.
- Ensure your home smells nice
Odour is a big factor when preparing your home for inspection. A house that smells of pets, damp or stale could turn off prospective buyers, so get rid of bad odours by opening the windows or burning essential oils. Please, please , please…. do not use air fresheners, so many people are sensitive to these kinds of fragrances and they could turn your buyers off.
- Know the value of your home
Put your faith in your agent, but also find out for yourself how much your property is worth. Request the correct appraisals, study the market, check out similar listings and look up the sales history for your location. By knowing the value of your home, you will get a better idea of the sale price you may be offered.