Over the years we have run into many property sellers who have literally spent fortunes adding to and improving their property.
When it comes time to sell their property, these same owners make the mistake of adding up all the money they have spent on improvements over the years and expect their agent to achieve a sale price that reflects a return on their investment. This is not always the case.
Such large scale improvements can simply “over-capitalise” a property. For example installing marble tiles in a typical home in Campbelltown with a cost in excess of $10,000 would not be a smart investment. In reality buyers would not be prepared to pay extra for this improvement when a similar home in the same area offers similar tiles for much less.
Shelling out a reasonable amount of money before selling is inevitable. Know why it’s important and know where you should spend you money on. For the rest of the article, read on.
