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He said in a scenario where you haven\u2019t maintained your property to a good standard, it\u2019s worth focusing on inexpensive improvements to achieve a sale.<\/p>\n
\u201cIf it\u2019s too far gone it might not attract anyone, so quite often that can be eradicated simply with some cosmetic updates like painting, floors or carpets and window furnishings,\u201d he said.<\/p>\n
\u201cIf it\u2019s presentable people will think, \u2018Oh, we can work with this\u2019, and then they will renovate it to how they want to renovate it.\u201d<\/p>\n
Renovating to add value is obviously pricier and the two most expensive rooms to upgrade are the kitchen and the bathroom.<\/p>\n
\u201cThe kitchen is the engine of the house and that quite often, depending on what you spend, can return you significantly more than what you actually fork out.\u201d<\/p>\n
Mr Bucello said that if you have a house, $10,000 will probably cover an interior paint job, but not much else.<\/p>\n
\u201cTen thousand dollars is not a lot these days to do a little bit of work to a house, unless you do a lot of stuff yourself, obviously, because labour is the killer,\u201d he said.<\/p>\n
If you have $20,000 to spend, you have room to make some extra improvements and Mr Bucello said upgrading your kitchen benchtops is a smart move.<\/p>\n
\u201cIf you have $50,000 then once you\u2019ve completed basic cosmetic improvements and upgraded your kitchen benchtop, with $50,000 you could consider freshening up the splashback, cupboards and buying new appliances like an oven and dishwasher.\u201d<\/p>\n