Get More Money At Sale By Home Staging Melbourne Properties Correctly
If you are looking to increase the sales price of your home, some property styling strategies deliver better returns on the investment than others. Identifying which strategies will have the best ROI involves identifying your target buyer and adding features which they are most likely to pay premiums for.
Lets take a look at several case studies of how people were dramatically able to affect their sale prices, with some moderate and tasteful investments in appropriate home staging in Melbourne:
1. First-time Home Buyer in Melbourne
Our client renovated their property to draw the interest of first-time home buyers. They decided to focus on this demographic because the neighborhood was up-and-coming, relatively new, and local schools were highly regarded. A well-considered home staging Melbourne program spruced up their exterior paint, performed repairs, enhanced the landscaping, and improved their dcor. Net result? Over $80,000 more in our clients pocket at sale all for a $21,000 investment.
2. Bathrooms and Kitchens Matter
No other rooms have the potential to affect the value of your home more than the bathrooms and kitchen. One client had a lovely home, but the kitchen and bathroom werequite outdated. By installing new fixtures, appliances, and cabinetry, they were able to turn $15,000 invested into nearly $100,000 more at sale by updating the property styling.
3. Consider Expansions When Justified
Paying attention to what is offered by other houses in your area is extremely important. In one instance, we were able to help a client identify that the fact that their home had only 2 bedrooms was hurting the value of their property; most homes in that particular neighborhood had at least 3. The total increase in value after a $35,000 investment which paid for the addition of a bedroom and full bath? Almost $150,000.
4. Demographics Can Drive Prices
The composition of neighborhoods can change over time. We had clients who, having raised their family successfully, were looking to transition to a smaller living space now that their children had moved out. However, every other family in that part of town had the same idea. We advised them to focus their efforts on transforming the property styling to appeal to empty-nesters. By adding a modern bathroom and extra security, and working to reduce the amount of required maintenance on landscaping, we helped them sell a home quickly, and pocket nearly $45,000 at the same time.
As you can see from these examples, it is quite possible to receive a significantly higher price upon the sale of your home, if you engage in the proper home staging Melbourne programs prior to listing. A little research into market and demographic trends can help you identify the best ways to add big value to your sale through proper property styling.