How To Increase the Value of Your Properties to Sell it at Maximum Price

Everyone wants to maximize the value of his property listed for sale because owning property is a big investment done to get a decent return after a period. You get different quotes from different real estate brokers and real estate agents to buy your property but you expect the best return on your investment. While a property’s value relies on various factors like location, population intensity, infrastructure, and the current real estate market trend, there are some things that you can control to increase the value of your property. Is it possible to get a higher value for your property than the current market price? Yes. You can considerably improve your property’s ROI by making some low-cost smart improvements. To calculate real estate ROI, use the formula (Net Profit / Cost of Investment) x 100. Based on my years of experience in selling properties, here I share seven easy-to-do tips to help you increase the market value of your property by creating a lasting impression on potential buyers.   

Seven Home Upgrading & Remodelling Tips to Help You Sell Your Property at A Premium Price in Australia

1. Improve Landscape Curb Appeal: Evaluate your existing landscaping and explore affordable curb appeal landscaping ideas. Ensure the entire lawn is well-maintained. Consider hiring a service to keep it trimmed and tidy, which can yield a return on investment of up to 267%. Incorporate low-maintenance plants; it helps you maintain a landscape on a low budget. According to the Landscape Australia Expo, well-executed landscaping can increase property values by 10% to 15%. 
2. Upgrade Garage Door: Upgraded garage doors with advanced functionality dramatically affect the external curb appeal of the property. Choose a garage door style that creates a cohesive look by complementing to home’s architecture. A 2023 study revealed that the garage door upgrade cost can deliver up to 102.7% ROI. 
3. Upgrade Kitchen Area and Facilities: Replacing outdated kitchen appliances with energy-efficient models can help you get up to 7% more price than the price of existing ones. Renovation in the kitchen may include upgrading countertops, functionality, and surfaces to enhance the feel. If the budget allows, you can consider new flooring also. 
4. Upgrade Bathroom: Professionally planned bathroom renovations significantly impact the home’s resale value. Upgrading lighting, ventilation, vanities, storage spaces for toiletries and linens, and other facilities impress and convince potential buyers to pay more. 
5. Increase Usable Space: Yes, you can expand usable space by strategic renovations. Think about converting the attic, decluttering the basement, and expanding the outdoor living area to add an extra functional square area. Do you know an attic conversion can deliver up to 77% ROI? Similarly, features like patios and decks with some enhancements can provide an ROI of up to 80%. Extra usable space impresses buyers and appeals strongly to buy the property at your demanded price. 
6. Create an Inviting Outdoor Living Area: An attractive outdoor living space boosts the property’s aesthetic appeal and market value. Well-designed and maintained patios and decks increase living area usage. A little investment in upgrading the living area delivers a decent ROI by improving the estimated market price because potential buyers get additional space for entertainment and relaxation.
7. Fix The Small Issues: Inspecting and conducting thorough maintenance and repair before selling improves the market value of your home. The task is not limited to a particular area; it goes across the entire property; may it be the roof, floors, walls, ceilings, plumbing, structure, interior furnishing, internal and external paint touch-up, doors, electrical system, electrical fittings, and others.  

What Australian Home Buyers Want in a Property- Eight Features & Utilities

Different Australian home buyers have different priorities as per their likings, requirements, living style, and budget. Based on recent surveys and reports, here I list eight findings residential property buyers in Australia expect to have in their dream home- 

1. Buyers prefer space and flexibility for outside and inside usage.
2. Home buyers in Australia prefer to buy property designed with multi-functional living spaces
3. Homes facilitating for ‘dual living’ are in high demand. 
4. A home with a particular office space is in high demand. 
5. Pools and barbecue areas have been a mainstay of Australian home buyers’ most desired features in 2024.
6. Homes having double-glazed windows, solar panels, half-flush toilet cisterns, and energy-efficient fixtures/fittings attract more buyers and get higher price bids. 
7. Residential properties providing an option for additional rental income are preferred by mid-budget home buyers. 
8. ‘Kitchens and bathrooms sell properties’ mantra is still effective in selling a residential property at a good price.   

Eight Property Selling Hacks to Get the Higher Price of Your Home in Australia 

1. Work With the Best Real Estate Seller’s Agent: Hiring a reputed, experienced, efficient, and capable real estate agency has been a game changer.  
2. Sell Your Property at the Right Time: Consider local market conditions. Timing to sell your property significantly impacts the selling price. Local real estate agent provides realistic market insights.
3. Analyze Your Market: Explore the local trends to stay informed about the challenges and competitive landscape.
4. Use Quality Photography: Hire professional photographers to make your property more attractive and inviting for buyers. The quality of photographs matters a lot in inviting more buyers to your property.    
5. Advertise Effectively Presenting Your Property as A Class Apart: Advertise your property through multiple channels to expand its exposure to maximum buyers.    
6. Be Available for Inspection Visits: More numbers of potential buyers’ visits to your home increase the chances of getting a higher price. 
7. Set A Reasonable Price: Setting a demand price is a crucial step in selling your property. Overpricing deters potential buyers while under-pricing eats your gain. The real estate seller’s agent may give you a fair idea about the justified demand price.  
8. Be Ready to Walk Away: If you get offers much lower than your expectations because of prevailing market conditions, withdraw your property temporarily and get the advantage of the feedback you get. 

7 Ways A Real Estate Agency Can Help You Increase Your Property Market Value by Optimized Remodelling or Upgrade

Well-planned renovations and upgrades in a property significantly increase the selling price of a property; However, the entire process needs to be properly planned, objective-oriented, and justified in line with permissible budget and estimated ROI. Here comes the role of real estate experts having insights about the latest trends in property buying segment. Hiring a professional agent to optimize and streamline remodeling and upgrade of your home before selling is beneficial in multiple ways-

1. Experienced real estate agents have extensive knowledge of particular areas, buyer preferences, current trends, and the types of in-demand properties. 
2. Real estate agents identify required improvements that can enhance your property’s appeal. They recommend low-cost solutions that substantially increase the market price of property justifying investment. 
3. Real estate agents help you preserve, upgrade, repair, and remodel the property in line with local norms without hassles. 
4. Real estate agents guide you to stage your property in an impressive and convincing manner. They recommend affordable ideas to enhance the curb appeal of particular areas.       
5. Real estate agents act as your project managers. They coordinate with designers, contractors, workers, and local administration to ensure that the project is completed on time and within budget. Early completion of the project gives you more time to sell your property at a better price. 
6. Real estate agents guide you by combining two aspects: selling and buyers’ psychology-based demand according to particular times, local market trends, and economic factors. Therefore, you invest in remodeling or upgrading your property, which gives you a decent return.  
7. Real estate agents help you get required loan and financial assistance by simplifying and expediting documentation, processes, and follow-ups. 

How Vasttu Real Estate Can Help You Sell Your Home at The Best Price

Years of experience, an understanding of the local market dynamics, and a client-centric approach make Vasttu Real Estate an ideal choice for hiring a leading real estate agency to sell a property. The dependable network of real estate professionals has proven expertise to maximize the selling price of your property while ensuring a seamless property selling experience through personalized service, strategic marketing campaigns, transparency, and competitive charges.

Book a free appraisal to Vasttu.