Last week we wrote about valuations and what they involve; whilst factors like location and state of the market are out of your control – making changes to the home to improve value and appeal ARE in your control.
Firstly, do not underestimate the power of first impressions when it comes to property. Whether you are looking to sell or just improve your property’s overall appeal and value; what you can see from the street or the front of the house can be where the real money is. A recent survey by finder.com.au reports that sellers risk a substantial drop in dollar value if the property does not have enough street appeal, with a third of buyers surveyed saying they would offer 15-20% less if the external area was unappealing…this is a significant amount of money on the cost of a house.
The types of external things putting buyers off or driving them to submit a low offer include untidy/overgrown yard, shabby fences, peeling paint, guttering/roofing in poor condition, ugly carport/garage, daggy old letterbox, and driveways in need of attention, for example.
Clearly, some of these issues are more costly to address than others, but the good news is you can generally enhance street appeal with a combination of a few hundred dollars and a bit of a family working bee! Little things can make a BIG difference.
Cleaning and sprucing up the garden does not need to cost a fortune and can actually be quite rewarding and relaxing. There are even apps available to help you plan your garden, select the right plants, and give advice on making improvements.
Next week, we’ll look at what you can do internally!