belle property lane cove

5 Maintaining & preparing your home for profit | Belle Property Lane Cove Clean and sparkling homes sell well If you do the work for a potential buyer and your property is clean, crisp, complete and: • is well maintained and freshly painted; • has manicured lawns and the gutters and downpipes are free from rust and holes; • has eaves that are spotless and fresh; This could have a significant impact at sale time. You could earn more than $60,000 to $100,000 over reserve. The magic happens when you take the hard work out of the equation. Everyone is so busy, potential buyers are prepared to pay for somebody else’s sweat and effort. Profit from that. A home that doesn’t require work is an attractive prospect Maintaining and preparing your home for profit is a successful strategy for everyone involved. Often incoming purchasers are stretched to their limit and would not qualify for a renovation loan. This is the reason why people will pay more for a finished, neat and well-maintained property. A bank will loan on a property’s actual current value. A bank does not favour lending on unfinished or damaged properties. However, if the property has a clean bill of health, the new purchaser is effectively getting a renovation loan on a product with no risk. It’s a win, win.