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Cosmetic changes don't have to cost a lot and they can help you get a much better price on your home. The two most important places are the kitchen and the exterior, according to some leading estate agents.
Don't think a little paint and some pansies on the porch will cover up major flaws, though. Even if the scent of lemon and a well-scrubbed floor distracts the buyer, the assessor they hire will likely discover those leaky pipes and damp walls. Most sales are subject to an inspection so cosmetic changes will not cover up major problems. You get into serious legal issues if you try and cover up defects.
If your home requires major work, get it done or lower the price. If not, there are many things you can do to improve the look and price of your place.
A potential buyer's first impression is what real estate agents call 'curb appeal'. Be sure your humble abode makes it past that initial drive-by.
Even in a beautiful house, sloppy housekeeping will give buyers pause. Cleaning your home is the easiest and most cost-effective thing you can do to make it more appealing. You want their focus on the bay window and two-car garage — not the carpet stains.
We're all proud of our decorating abilities, but unless you're selling the place furnished it's more important to help prospective buyers envision their stuff in your house. They need to imagine themselves in your space, so make it easy for them.
If you hire an estate agent, they should advise you about improvements. Agents are in and out of a lot of homes. They know what most appeals to buyers in your area. Get the low down on what does and doesn't work.
If you think these cosmetic details don’t work, I can tell you from personal experience that they do. A close friend of mine bought a home and six months later she had to relocate. In the meantime she spruced up the home with the help of some paint, a talented gardener and good cleaning agents.
Her total cost for the mini renovation was R16 000. She originally paid R730 000 for the home and sold it for an incredible R900 000. She actually made money on the deal, which is rare feat in this market and considering she only held the property for six months. So get out the oven gloves, hone your painting skills and make some extra cash on your home.
Adapted from an article on www.stretcher.com