| Home Renovations | Home Improvement | Real Estate | Homes Selling Potential | Cracked Render | Paint |
A few years ago my dad thought it would be a good idea to see what kind of sale price his home could fetch on the property market. So we contacted a real estate agent and arranged for a meeting at the property.
The home was only ten years old, but even so it had significant areas of ‘wear and tear’ that the agent pointed out as being a ‘sore point’ from a sales perspective. Essentially, any prospective buyers would feel less attracted to a home that required significant upgrade and expenditure soon after they purchased and exchanged.
The agent continued pointing out these items to us…Blistering paint, cracked render, drummy tiles, out-dated balustrade, shabby garden, evidence of rust in areas, and the list goes on.
And it didn’t stop there! Salt efflorescence stains on walls, faded paint scheme, wrong paint scheme, cracked roof tile, etc, etc, etc!
And we hadn’t even noticed half of these things!!!
Now, the real estate agent had a point to all of this of which we were very grateful for. The cost to repair and restore these items to get the house again looking its best was valued at $60K.
But, the overall increase in street appeal in turn increased the sale price by a whopping $130K, yielding him an additional profit of $70K.
I guess anyone looking to sell their home ideally does not want to be spending money on the property prior to selling it or placing it on auction. However, having the right advice could yield you a little reward that you otherwise may have missed out on.
Not a bad little earner I say…
The home was only ten years old, but even so it had significant areas of ‘wear and tear’ that the agent pointed out as being a ‘sore point’ from a sales perspective. Essentially, any prospective buyers would feel less attracted to a home that required significant upgrade and expenditure soon after they purchased and exchanged.
The agent continued pointing out these items to us…Blistering paint, cracked render, drummy tiles, out-dated balustrade, shabby garden, evidence of rust in areas, and the list goes on.
And it didn’t stop there! Salt efflorescence stains on walls, faded paint scheme, wrong paint scheme, cracked roof tile, etc, etc, etc!
And we hadn’t even noticed half of these things!!!
Now, the real estate agent had a point to all of this of which we were very grateful for. The cost to repair and restore these items to get the house again looking its best was valued at $60K.
But, the overall increase in street appeal in turn increased the sale price by a whopping $130K, yielding him an additional profit of $70K.
I guess anyone looking to sell their home ideally does not want to be spending money on the property prior to selling it or placing it on auction. However, having the right advice could yield you a little reward that you otherwise may have missed out on.
Not a bad little earner I say…
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