Tag Archives: home owners

10 Tips to Make Your Home Attractive for Potential Buyers

Flickr: Photo by AlexKess

With the boosted first time home buyers grant looking nearly certain to end by June, I think Aussies can expect a flourish of activity right up to the very close of play. So, with all that activity, how can you prepare your home before you make it available for potential buyers to view? Here are some tips for a successful showing and possible sale:

#1 When opening your home for public viewing, make it inviting and appealing for a broad range of prospective buyers. The goal is to make them immediately feel attracted to your home.

#2 Have the home as tidy as a showroom. Clearing the clutter will not only allow the rooms to appear larger, but also an easier upkeep. Pack up all personal items, such as family pictures or stray toys.

#3 Present a meticulously clean home. Dust all ceiling fan blades, lamp shades and furniture. Clean the windows, polish the kitchen appliances and sink. In the bathrooms, clean the showers, tubs, sinks and faucets until they sparkle.

#4 The entrance to your home should be welcoming and clutter free. Accent the front door with fresh potted plants on each side. The front and interior doors should be unobstructed and squeak free. All closet doors should be easily opened and clothes neatly hung.

#5 Give your walls a fresh coat of neutral color paint. Introduce coordinating color, by adding throw pillows, area rugs, table runners, placemats, floral arrangements and plants. The tip is to stage the home so any prospective buyer will imagine themselves living there.

#6 Mirrors are great for reflecting light and create a look of spaciousness in a dark entrance. Be careful to hang mirrors and artwork at eye level.

#7 Complete all unfinished projects and any repairs needed, even if it means taking out a small personal loan for home renovation, it’ll be money well spent. Get some help from someone who can repair a cracked window pane, a loose hinge on a door or replace a broken door bell. Change all burnt light bulbs in table lamps, fixtures and ceiling fans. If a prospective buyer sees any unfinished project or neglect in your home, he or she may become suspicious of major unseen problems.

#8 Be certain that every room is used for a particular purpose. If it is an office or a guest bedroom, there shouldn’t be toys on the floor or shelves. The dining room shouldn’t have evidence of homework or a craft project in progress. Neatly organize closets and shelves with fabric or wicker containers for storage.

#9 Consider replacing dark and worn out carpet with fresh, neutral colors. Perhaps a do-it-yourself replacement of wood laminate flooring may give a modern appearance.

#10 Pets should not be allowed to remain in the home during a showing and should be taken to a friend or neighbor. Carefully brush away any pet hair that may be on the furniture, etc. Be conscious of any pet odors and ask a friend to honestly tell you if there is a smell.

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The Sneaky Hidden Costs When Buying a House

Buying a home is one of the most exciting adventures in life. It’s also one of the most expensive investments you’ll ever make.

There are far more costs to new home ownership than you know about going into it and that’s why you should have a savings account. You’ll find additional expenses right from the beginning, costs you weren’t told about that are routinely assessed to all home buyers and costs that no one, least of all you, expected.

Here are a few of the reasons you should keep on saving before you buy:

Hidden Repairs
Repairs on plumbing, the roof, a furnace, or even the electrical wiring can all come as a surprise. You expected that these features of your new home would be intact and in working order but that doesn’t guarantee they will be. It can cost a considerable amount of money to fix things that on the surface looked good, but underneath were in disrepair.

Pests
Many times a pest inspection is required prior to a conveyance. Termites, ants, roaches and other unwanted guests can create unexpected expenses in both structural repairs and pest removal. An exterminator can be an unexpected expense and be a continuing one if the pests are persistent. However, its so much better to fork out for an exterminator to give the green light on a property than end up buying a crumbling house.

Building Inspections
A licensed building inspection isn’t cheap. If this burden falls on you without your having prepared for it the costs can be staggering. Having a home professionally inspected before you pay for it is wise, of course, since many of the hidden repairs that need to be made will come to light and can be dealt with in the conveyancing. A licensed inspector will probably save you money in the long run but it will nonetheless be expensive.

Conveyancing
Transferring ownership on a home is a legal obligation and it can be a major cost factor. You’ll be wise to look around for the best deal. Conveyancers work on a sliding scale according to your home’s value or on a flat rate basis. Shop around for the most inexpensive conveyancer and use the money you save for other expenses.

Taking Ownership
Moving into a home sounds exciting but it costs plenty in gasoline, truck rental, fast food meals and other incidental expenses. It’s a truism that moving always costs more than you planned on.

The bottom line is this: keep saving, stash a sizeable amount of your money into a high interest savings account until you’re ready to make the step into home ownership. There’s sneaky, hidden costs when buying a house and you can be ready for them. Be careful not to just jump head first into buying a house…even if there is an enticing first time home buyers incentive.

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