RENOVATING ?
Thereareafewquestionsyou needtoaskyourselfbefore youdiveinandstartwork
Istherenotosellorstay?
Howlongwillyoustay oncecompleted?
Doyouknowwhat renovationsaddvalue?
SHANE BROEKMAN 0404 044 280
SHANEB@LJHFF.COM.AU
Speaktoanagentbeforeyou startrenovatingtoaddvalue.
ByShaneBroekmanFrenchsForest'sLocalAgent
Whilst selling a property, we meet in excess of 70 buyers per campaign, so that's 70 people giving us feedback on what they like, dislike and what they prefer from their next property. This means we are at the forefront of buyer trends, needs and aspirations
With this information we can provide local homeowners looking to undertake minor or major renovations on the key features buyersarewillingtopaytopdollartoachievetheirdreamhome, and the quick cost effective improvements that will help your homebecomethefocalpointofmorebuyersactivelysearching in the Forest. However, many homeowners aren't making the rightrenovationimprovementswhenpreparing
THEFORESTLIFE INSIDETHISISSUE:
PageCont -Pg2
RecentSalesandForSale-Pg3
PetFriendlyPropertyPrep-Pg4
The best kept secret through the eyes of your local agent
tosell
House pride will often drive a homeowner to complete unnecessary improvements that won'tbenoticedorvaluedbyapurchaser,but isdonebecausetheownerfeelsitshouldbe.
Askingyourselfwhyyou'rerenovating
If you have a plan to live in and enjoy your homeforthenext5-10yearsthenwhatyoudo to your home should be based on what's important to you first. Considering what is ideal for buyers becomes less important, however there are a few fundamentals that neveroutdate
Backyard-roomtokickaball
Bedroomtolivingspaceratio
3bed-minimum1livingspace
4bed-minimum2livingspaces
5bed-minimum3livingspaces
Ensuitetomainbedroom
Neutralcolourschemethroughout
Similaragebathrooms
Streetappeal
Outsideofthis,ifyou'rerenovatingtolive,your home is your canvas, enjoy! If the renovations are to sell in 1-3 years, be practical about the quality of finishes and don't personalise the hometoomuch.Justbecauseyouloveblue,it doesn'tmeanyoupaintyourroofandwindow framesblue(yesIhaveseenthis)
Knowingwhataddsvalue
EveryonehasseenthetvshowslikeLoveItorList
It, or The Block and passed judgement on the finishesordecisionsmade.Well,you'rejustlikea buyer that is looking at your home during an inspection,soit'simportanttonotewhatdidand didn'tworkanddon'tjustrunwithyourviews
Toensureyoumakedecisionsthatwillappealto more buyers, I recommend that you reach out and discuss what buyers are looking for in 2023. A lot has changed since COVID-19 and if you ' re renovating to sell, some free advice could really improveyourprofitabilitywhenselling
0.25%Increase
RBAraisesCashRateforthe10thtime
From April 2022 to March 2023 we have seen the Cash Rate rise by 35% and the banks were quick to follow, increasing mortgage repayments in an attempt to slowinflation
Being loyal to your bank may not be your best decision according to Brokers I know and trust. One standout comment from my Broker was that no bank will volunteer to give you a better rate and most Brokers wont even both to tell you they can negotiate your current rate on your behalf, let alone look for a lender with better rates andterms.
So using the most recent rate rise to have yourcurrentmortgagecheckedcouldsave youthousandsandunlockhiddenequity
If you want to speak to my Broker that is doingthisfortheirexistingclients,reachout andIcangiveyoutheirdetails.
Buyerdemographicsrangedfrom PymbletoBondiandalsolocals, lookingtosnapupthisprime locationpropertytightlyheldfor20 years.
Withanincreaseinbuyeragents lookingonbehalfofpreapproved buyers,ownerslookingtosellwon't findabettertimetosecureasale whilststockislow
Inspections:87
Contractrequests:8
Registeredbidders:5
Saleprice:Confidential
