Preparing Your Home For Sale – Sleeping in Style

When you make the decision to sell your home, knowing which changes would make your home sell more quickly or boost the sale price and knowing which would just be a waste of your time and resource is important. Here are 5 easy tips to ensure your bedrooms make an impact on your potential buyers.

When it Comes to Bedrooms, Size Matters!

After the number of bedrooms, buyers are most interested in the size. Use neutral or receding colors to make your bedrooms seem larger and reduce the amount of furniture to maximize the feeling of space. Be clever with the space you have. If you have a small bedroom use a double bed instead of a queen, or bunks in a children’s room.

Storage Style

You can never have enough storage in a bedroom! That’s why you’ll see people peeking in cupboards and wardrobes at an open house. To reduce the demands on limited space in small bedrooms, consider having built-in robes installed, but keep the interior simple because if you include all the bells and whistles you won’t recoup the costs.

Give me Sanctuary

Buyers want a bedroom where they can escape the worries of life. You can make your bedroom a sanctuary by adding a little luxury with fresh linen, puffed up pillows and extra cushions, a comfy chair and a few special features, like candles and perfume bottles.

Light and Airy

Bedroom lighting is really important in creating atmosphere. To give a romantic feel, consider adding dimmer switches and bedside lamps. If you are having evening viewings, quality lighting is essential.

Less is More

However large your bedrooms are, they will look small if they are cluttered with your personal knick-knacks. When it comes time to sell make sure you clear away the clutter. That doesn’t mean your rooms need to look totally impersonal, a few exotic perfume bottles, a vintage tea cup by the bed or a romantic candle display can make the room feel like home for potential buyers.

Is a Fixer-Upper For You?

When buying a house, a fixer-upper can be the perfect opportunity to break into the market or neighbourhood if your finances won’t allow it otherwise. However, a large scale renovation can be a dubious task if you are not fully prepared right from the beginning of the process. Before buying a fixer-upper, you need to take into account a number of factors before deciding this type of project is for you.

Planning for your Future

When buying a house, a fixer-upper can be the perfect opportunity to break into the market or neighborhood if your finances won’t allow it otherwise. However, a large scale renovation can be a dubious task if you are not fully prepared right from the beginning of the process.

Before buying a fixer-upper, you need to take into account a number of factors before deciding this type of project is for you.

Do You Have the Time to Spare?

If you enjoy taking on new projects, are creative and hands on, then a fixer upper might just be the perfect residential property investment.

Renovating an old house can be very rewarding and offers the opportunity to create a home with all your specifications. More often than not, the fruits of your labour will be a sought-after and inviting property.

However, you need to consider your current lifestyle before launching into a project. Renovations can be draining on your time and if you are busy at work or with a young family it might be too disruptive.

If you are planning on a DIY project ensure you have the time to spare. If you know you are busy, hiring professionals can combat time issues. Builders and project managers can take a lot of the strain off of you and your family while renovating.

Do you Have the Budget?

Creating a budget is crucial and sticking to it is even more so. Allowing for hidden costs will help you stay within your means during renovations.

When it comes to money and renovations, you should accommodate for and expect the unexpected. The margin for error in any renovation is large and there will be setbacks.

However, you can minimise potential disasters by obtaining a building inspection before purchasing. A building inspection will help to uncover any serious structural issues and extensive rejigging that might need to be done.

Consider also the layout of the home. Character houses are often configured in a way that doesn’t suit a modern lifestyle, such as large entertaining spaces. Do not get distracted by the charm of an older home and ignore the troubles its character can cause.

Cosmetic improvements can be done at a reasonable cost whereas tasks such as strengthening foundations will add a lot to the process, so must be budgeted for before purchasing.

Are You Over-Capitalizing?

Often, buyers purchase a fixer-upper because of the potential for capital gain when it comes time to sell the property.

Therefore it is important to make sure you are not over-capitalising on the potential value of the property taking into account renovation costs. Avoid this by considering what future buyers will look for when buying a property in your neighbourhood, and focus your renovation on that.

For example, if every house on the street has a swimming pool this might be an addition to consider.

Buying a fixer upper can be emotionally and financially rewarding, particularly if you are well prepared and careful with your budget.