Top tips to renovate your home to maximise the sale price

Last updated on June 9th, 2023
  Written by 
Bill Tsouvalas
Bill Tsouvalas is the managing director and a key company spokesperson at Savvy. As a personal finance expert, he often shares his insights on a range of topics, being featured on leading news outlets including News Corp publications such as the Daily Telegraph and Herald Sun, Fairfax Media publications such as the Australian Financial Review, the Seven Network and more. Bill has over 15 years of experience working in the finance industry and founded Savvy in 2010 with a vision to provide affordable and accessible finance options to all Australians. He has built Savvy from a small asset finance brokerage into a financial comparison website which now attracts close to 2 million Aussies per year and was included in the BRW’s Fast 100 in 2015 as one of the fastest-growing companies in the country. He’s passionate about helping Australians make financially savvy decisions and reviews content across the brand to ensure its accuracy. You can follow Bill on LinkedIn.
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When you’re renovating your home, you have to keep two goals in mind: making it look better than before and increasing its value, in order to maximise the sale price. While improving its looks and function is subjective, increasing its value is not; there are certain steps you need to take in order to present your home in the best and most attractive way possible and this is where you can find the tips to do it.

Take care of the exterior

First impressions, right? They are important, which is why you want to make sure that the exterior of the house is impeccable. A house that looks good will a) attract more attention and possible buyers and b) make the price go up and c) convince buyers to purchase. Ensure the roof is perfect, that the walls are freshly painted and the doors and windows are in good condition. Cracks and chipped paint do not impress anyone.

Paint the walls

There is no easier way to make a house look brand new and expensive than applying a fresh coat of paint on the walls. It’s definitely noticeable when you haven’t painted your house in a while, because they will be stained, dull and will probably smell weird. Sprucing up the house with some neutral, but vibrant colours will give it a fresh, new look while also serving as a blank canvas for buyers to work with.

Freshen up the garden

The yard is just as important as the house, sometimes. A person who is looking to buy a house does so because they want some nice, green space. So, if you want to drive up the price and make the property look more impressive, take care of your yard and garden. Luscious grass, some bushes and some colourful flowers in the backyard will change the entire landscape. Add some decorative pebbles and some lanterns and you’ve got yourself a garden worthy of an interior décor magazine.

Create a beautiful kitchen

One of the most important rooms in the house is the kitchen. This is the core space for a lot of families, so it needs to be spacious, modern, high-quality and inviting. This is the room you are going to want to invest in, because you are guaranteed to get your money’s worth. Include the latest appliances, high-quality materials, such as marble for countertops and add a fresh coat of paint to the walls, for clean air and a warm vibe.

Redo your floors

Redoing floors can be a real pain, and most buyers prefer to avoid it. That is exactly why you should do it in your home. By anticipating this requirement and getting the process over with, you eliminate the need for your possible buyers to do it, which maximises your sale price and makes your potential buyers more likely to purchase. This way, they save time, money and effort and circumvent the hassle, and you make a pretty penny.

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