The sellers who stayed out of the market because of COVID-19 were able to make sure their home stood out from the pack in a matter of months.
As Australians spend more time at home due to self-isolation measures, experts believe it is now time to start building improvements to put the house back up for sale.
Those who can weather the current economic downturn will be well placed to add value to their home and help it stand out in a post-coronavirus market.
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This comes as research from the Housing Industry Association indicates that the total value of home renovations is expected to drop from $ 33.2 billion in 2017 to almost $ 36 billion this year.
Decluttering, painting, gardening or renovating the bathroom are just a few of the projects sellers can undertake before the spring sales season, when the market is expected to return to normal.
REA chief economist Nerida Conisbee said sellers don’t need to undertake major home improvements like installing a new kitchen to gain an advantage.
“Painting is one thing most people can do, and it’s an easy way to add value to your
“Even doing simple things like cleaning the gardens to make them look beautiful in the spring can make a difference,” she said.
With the market set to remain calm until at least the spring due to the closure of traditional open houses or on-site auctions, design and renovation expert Naomi Findlay said sellers should seek to breathe new life to tired spaces.
“As we are forced to stay inside the house, we must seek to revitalize spaces that may have been neglected for some time,” she said.
Ms. Findlay said there are several improvements and renovations that a seller could undertake to ensure that his home stands out from the crowd.
“Buyers mainly look at kitchens, bathrooms and outdoor spaces, but even things like painting or coloring concrete driveways can make a big difference.”
The home improvement expert said Australians can add value by painting the mailbox, front door or cleaning the exterior.
“Painting is a great way to liven up a space while increasing value,” she said.
While many do-it-yourselfers turn to home improvement salons like The Block or Selling Houses Australia for inspiration, Ms. Findlay said they were often not the best place to get inspired.
“These types of shows make us feel that the only way to renovate is to do carpet or nothing,
and it is not true.
“It often exceeds most people’s compensation levels and you don’t have to go that far.”
Findlay said the best advice for preparing your home for sale is to follow your gut in style, since most projects can be reversed if they don’t work.
“Just go with what is habitable and make the house comfortable,” she said.
Findlay said sellers who don’t want to spend money on home improvements should make sure mosquito nets, light fixtures, and ceiling fans are dusted and cleaned.
“You would be surprised at the amount of dirty, light mosquito nets that can block,” she said.
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