As the property bells of spring have slowed and we welcome in the new year, some are pondering if 2019 is the time to sell. Although the traditional peak listing period has passed, selling your home in the new year can be a strategic move to beat the competition.
Although the beginning of the year typically sees less properties on the market, it can mean a greater number of prospective buyers. Buyers during this period are also often thinking about the year to come and tend to be more motivated to make a fresh start.
Get your property ready to sell in 2019 with these 7 tips:
1. Clutter be gone
A new year means a new start, and buyers are looking for clean and spacious areas where they can see themselves living. Removing everyday items such as shoes in the hallway and bathroom products, as well as personal items such as family photos and children’s toys can better allow potential buyers to envision their lives in the property.
Tip: If you have limited space, it may be worthwhile renting a storage space to put your belongings away until they are needed again.
2. Well worth the pain-t
Although it may seem tedious, a fresh coat of paint can make a world of a difference to the overall appearance of your property. The goal is to make your property appealing to as many potential buyers as possible, which is why neutral colours are advantageous. On top of this, a neutral colour scheme can also have the added benefit of making a space look larger and brighter.
"The goal is to make your property appealing to as many potential buyers as possible, which is why neutral colours are advantageous."
Tip: Match the colours with the season. Using cooler tones in summer can make your home feel fresh and clean.
3. Renovations, repairs and restorations
As people’s lives are getting increasingly busy, the demand for properties that require minimal refurbishment is strong. This especially applies to first home buyers, young professionals and families with young children who simply do not have the time for frequent home overhauls.
Similarly, investors prefer properties that have minimal turnaround time for tenants to move in.
Minor repairs and restorations can make a huge impact to the aesthetic of your home and subsequently boost your final sale price. However, pre-sale repairs and renovation costs can vary greatly. It’s important to note the areas of your property that need refurbishing and make the decision to DIY or hire a professional based on your budget.
Tip: First impressions count! Make sure you also consider the exterior of your home and it’s curb appeal.
4. Take centre stage
Staging your home is all about curating the style and feel of your property in order to maximize appeal to the greatest number of buyers. The ultimate goal is to make your home look modern, cohesive and inviting.
Within the last few years, there has been a growing demand for property styling as the financial benefits of staging are reflected in higher sales prices.
Tip: If hiring a property stylist is not within your budget, you can opt to DIY. A great cost effective way to spruce up your home is to swap out your current furnishings with rented items.
5. Flower power
While it’s easy to be caught up in updating the interior of your home, it’s important not to neglect the garden. Listing your home in summer is a great opportunity to showcase your outdoor entertainment area.
Ensuring that your garden is tidy and well kept is a fail safe way to impress. Adding some colour with low maintenance plants and flowers are also an effective way to add vibrancy to the space.
"Ensuring that your garden is tidy and well kept is a fail safe way to impress."
Tip: Integrate indoor and outdoor living with the use of indoor plants. They’re a great way to jazz up empty corners and also help to purify the air.
6. Let there be light
Good lighting can have an incredible impact on the overall feeling and energy of a space. One important factor to consider that is often overlooked is light source. Natural light is always high on a buyer’s list, however light fixtures are also extremely important.
A good place to start is to test the lights in every room and replace any broken or flickering bulbs. The colour of your lights can also make a significant impact.
Warm to warm white lights, which are more yellow in colour, can give a more cozy feeling and are therefore more suited for living rooms and bedrooms. Kitchens, bathrooms and home office areas tend to go with more white to cool white bulbs as they are brighter and give a more energetic feel.
Tip: Make sure you consider exterior lighting as potential buyers may drive by at different times of the day to check out the home and the neighbourhood.
7. Find the best agent for you
Finding the right real estate agent to sell your property for the best price is not an easy task.
A good real estate agent should be experienced, knowledgeable and ultimately someone you can trust the sale of your home to.
Asking friends and families for agent recommendations is a good way to start, but don’t forget to do your due diligence and research agents online as well to ensure they have the proven track records needed to sell your property.
"A good real estate agent should be experienced, knowledgeable and ultimately someone you can trust the sale of your home to."
Once you have a pool of potential candidates, the next step is to conduct face-to-face interviews. Not only will this help you to compare apples with apples, but it’ll also help you to make the most informed decision possible when choosing someone to sell your home.
For more information on selling a home, check out our Smart Seller's Guide.