According to the Australian Bureau of Statistics’ lending indicators data for December 2020, the value of renovations and additions reached a record high of $941.6 million at the end of 2020 nationally.

With the property market in overdrive, many home owners are busy planning upgrades to their home in preparation for selling.

We’ve gathered five top tips to help you get your home sale-ready:

1. Simple repairs go a long way

Are there lights that you’ve been meaning to fix, or windows that don’t quite open the way they should? Before you put your house on the market, take the time to complete those odd jobs around the house to make sure everything is in working order. While you’re at it, why not upgrade to more modern fixtures and fittings - think lights and door handles - which can turn a dated room into a fresh new space.

If you consider yourself to be somewhat handy, there are some great YouTube tutorials that talk you through common household repairs. Make sure to get the professionals in for any electrical or plumbing work though – you don’t want to end up spending more later!

2. Get scrubbing!

Give your home new life with a thorough spring clean. There are a range of cleaning companies that specialise in getting homes ready for sale, so it might be worth getting the pros in to make sure your house is really sparkling.

A fresh, tidy home will allow potential buyers to spend their time imagining their new life in your home rather than focusing on the work they will need to do.

Don’t forget your gardens while you’re at it. The front yard will be the first thing a potential buyer sees, so making sure it’s tidy and weed free. Street appeal is a big factor!

Once it's all done, don't forget to pack away any knick-knacks, photos or gardening equipment that may be lying around so you can create a larger and more neutral space that appeals to a range of buyers.

3. Give the place a fresh coat of paint

Lift the look and feel of your home with a fresh coat of paint. Walls can often get marked over time, so ensuring you do a good paint job will be worth your while.

Try to stick to neutral tones that will appeal to all buyers. Bold colours, while fun and vibrant, can make it harder for people to see the space as their own.

4. Upgrade the kitchen or bathroom

The kitchen is the heart of the home, so making sure it’s functional and appealing is important. Bathrooms are another important room in the home, so spending time on getting a few key items upgraded is well worth it.

Make sure you consider how much you’re willing to spend and that you are going to get a good return. Depending on your budget, there are some great modular kitchens available these days, otherwise you can have a custom-built kitchen fitted for your home.

5. Add a bit of style

First impressions leave lasting impressions, so spending some time on styling your home is key. Focus on keeping spaces neutral and let the owner imagine how they’ll be able to make it their own.

COVID-19 changed the way we use our homes, with working from home becoming a new norm. Create a home office if you don’t currently have one, as this will show a potential buyer how they can maximise the spaces available.

To find out how we can financially support your renovation projects, speak to one of our friendly team on 1300 228 228.

Important information

Banking and Credit products issued by Police & Nurses Limited (BCU) ABN 69 087 651 876 AFSL/Australian Credit Licence 240701. Any advice does not take into account your objectives, financial situation or needs. Read the relevant Product Terms and Condition, before acquiring this product in considering and deciding whether it is right for you. The Target Market Determination (TMD) for products is available on request. Lending criteria, terms & conditions, fees & charges apply.