Thinking of updating your Inner West property but can’t decide between a quick facelift or a full renovation?
As the demand for Inner West properties continues, making the right updates can greatly enhance your sale price. Here’s how to increase your property’s value and attract potential buyers.
Facelift: Quick Appeal
A facelift offers a stylish refresh without major hassle. Here are some effective updates:
- Revitalize with Paint: A fresh coat in neutral tones has been shown to speed up sales by a whopping 10%.
- Landscaping: Enhanced gardens can increase curb appeal and raise sale prices by around 7%.
- Flooring: Homes with updated flooring can sell for up to 5% more than those with outdated flooring.
- Modern Fixtures: About 70% of buyers prefer homes with modern fixtures, as they indicate better maintenance and a contemporary style.
- Focus on Key Areas: Prioritize kitchens, bathrooms, and exteriors to boost appeal by up to 12%.
- Choose Neutral Palettes: Homes with neutral decor can command higher offers, as buyers perceive them as more move-in ready.
Renovation: Go Big
For those ready to invest, renovations can dramatically enhance value:
- Structural Changes: Modifying layouts can enhance buyer appeal by creating open, functional spaces that cater to modern living preferences, making the home feel more spacious and inviting.
- Expand Living Space: More space allows for flexible living arrangements, catering to families or individuals who need additional rooms for activities or guests.
What Sellers Should Consider
- Budget vs. ROI: Renovations can be costly but often return up to 80% of your investment.
- Timeframe: Facelifts are quicker, making them ideal for faster sales.
Make the Best Choice for Your Home
Choosing between a facelift and a renovation can significantly impact your property’s value.
- A facelift offers a fast, cost-effective update.
- A renovation can maximise your appeal and value.
Whether it’s a facelift or a full renovation, the right updates can make all the difference.
Not sure which path to take in preparing your home for sale?
Contact us now at Caroline Brown Property. We would love to help.