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How to Maximise Profit without it costing you a cent!

By Aus Property Professionals

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You’ve already heard countless advice on maximising profits when selling property.

And you’ve already realised these methods are costly upfront for small return.

But have you heard advice on how to maximise profit, without it costing you a cent!?

Probably not!

Whether renovating, an interior decorator, or NEW stylish furniture for your OLD home (that you will need to sell on gumtree when you move out anyway). They are all very costly methods to get little return.

 

My theory is simple…. You must make the buyers picture themselves living in your property to drive buyers interest. Common sense? Absolutely.

I have compiled my top 5 CENT-LESS tips below:

 

  • Go M.I.A in your own home.

Going “M.I.A” in your own property is my number 1 “free” tip. By this we mean, Missing In Action. You need to think like a buyer. Buyers need to believe they are walking into their future home, not that they are intruding on your family life!.

Although you love that enlarged print of Aunty Meryl’s 60th birthday, or your framed Yr 12 grad photo, this will actually make the buyer uncomfortable, like they are invading on your personal life.

Therefore, go M.I.A- remove all traces of personal items and family photos.

 

  • BEWARE OF THE DOG- No More!

Straight down to figures! 39% of Aussies own a Dog, 29% a Cat, 32% neither (source: 2013 Animal Health Alliance publication, Pet ownership in Australia) and with19% having allergies, you will unwittingly lock out a very large chunk of the market if there are traces of fluffy around.

Remove all pet pictures (see #1) also pet bowls, leashes, poo and pet fur from furniture!. Oh, and don’t forget that “Beware of the dog” sign.

 

  • Re-organise to maximise space.

It is completely cost effective (well, actually FREE!) to re-organise for your floor space to appear more spacious.

Stand back and take a long look at each room. If there any items of furniture that are blocking your view from one side of the room to the wall opposite there may be a better place to move this item for the space to be more open.

Through some basic changes to your existing layout, the buyer may think they are getting “more bang for their buck” when comparing to other properties of the same size.

Bonus Tip- remove any clutter for a similar effect.

 

  • Highlight

Highlight to buyers all the local amenities and conveniences (that great coffee shop, train station, etc) so the buyer is excited to live in your neighbourhood. You can leave (neatly) just a few brochures of nearby restaurants on the counter, or even a map of the local area highlighting all the amenities close by.

Another way to “highlight” your home is to turn on all the lights (GOOD selling agents should do this anyway) so your property is bright with plenty of sunlight. Who would want to live in a dark gloomy house? trust me- turn on those lights!.

 

  • Clean

Does this even need to be mentioned? It is a MUST to ensure all floors are shining clean, glass is sparkling, and dishes are washed. There is no excuse for dusty skirting boards.

-Renee Edge


About the Blogger

Renee is a Chartered Accountant who loves to provide cost effective tips for maximising profits. Like all accountants she likes to count every penny and seeks to find free solutions to everyday problems.

Renee is part of the Aus Property Professionals team, directed by renowned property investor Lloyd Edge

Lloyd is a seasoned and successful investor with a portfolio in excess of $8 Million that generates its own passive income. Lloyd is a member of the Property Investment Professionals of Australia (PIPA)

Lloyd holds real estate licences in NSW and Queensland. He has a thorough knowledge of the Sydney and Brisbane property markets as well as key regional areas in both states.

Book a free Aus Property Professionals one-on-one strategy meeting in your home or office, or by phone or Skype.

Contact us today!

 

Call 1800 1 INVEST (1800 146 837)

Email Us – [email protected]

Website – www.auspropertyprofessionals.com.au

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podcast

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Will Magee has had ambitions to enter into the Australian property market for quite some time, but it has been more than just finances holding him back.  Having been granted permanent residency just two weeks ago, Will is wasting no time and is now in the process of signing papers and finding his first investment property.

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In this episode of the Smart Property Investment Show, Will joins host Phil Tarrant to share why he is purchasing his first property in partnership with his brother, discuss the complications that can arise from such a strategy, and unpack the ongoing plan for building a joint property portfolio with his brother.

Will will also share how they approached saving for their first property, why he is taking out the mortgage in his name exclusively, and share their savings plan for the year ahead.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

RELATED AREAS OF INTEREST:

From property in Australia to a ski lodge in Japan
Mortgage Trusts, an alternative first step for property investors
Should a real estate title be in one person’s name only?

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A property investment plan years in the making
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Median house prices in regional Victoria outperformed that of Melbourne in the June quarter, the latest REIV figures reveal. 

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Median house prices in the regions rose 4.0 per cent to $419,500 but in Melbourne they dipped by 0.6 of a percentage point to $840,000.

The result in Melbourne was due to a 0.8 of a percentage point fall in prices achieved at auction; this was despite a lift of 2.3 per cent in private sales.

Inner Melbourne suffered due to auction prices, where median prices fell by 4.9 per cent to $1,459,000 but it was middle Melbourne that was hardest hit, with a 5.4 per cent drop to $974,500.

Outer Melbourne had a good quarter with the median rising by 0.5 of a percentage point to $681,000.

Apartment prices in regional Victoria grew by 3.7 per cent to $304,500 while the metro media was up by 0.5 of a percentage point to $604,000.

REIV President Richard Simpson said that despite fewer sales, many sectors of the market were performing well.

“2017 was a bumper year and while the trendline has flattened, despite the fall in median house prices in the June quarter, median prices are still up this calendar year for both houses and units, in Melbourne and in the regions,” Mr Simpson said. 

In particular there was been strong growth in regional centres which is probably due to the first-home buyers’ concessions said Mr Simpsons.

“The first-home buyers’ concession has been a boon for regional areas. A new entrant to the property market buying a house at the regional median will pay no stamp duty, while a first home buyer of an apartment in Melbourne at the median price would pay stamp duty of nearly $25,000,” he said.

Mr Simpson said that more prospective buyers are looking towards regional Victoria which is also having an effect in Melbourne.

“Melbourne’s outer perimeter continues to grow. Small increases in the June quarter mean that the median prices for both houses and units have risen over 10.5 per cent from a year ago.

Mr Simpson said moving forward that vendors need more realistic expectations as the highs of 2017 are now over.

“Negative chatter about the future of the sector coupled with stronger lending controls by financial institutions has created some uncertainty and vendors need to be realistic with their price expectations,” Mr Simpson said.

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Regional Victoria showing up Melbourne in price performance, new data finds
object(stdClass)#1182 (52) {
  ["id"]=>
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  ["title"]=>
  string(38) "From pirouettes to property investment"
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  ["introtext"]=>
  string(381) "

If Mark Hodge’s face looks familiar to you it could be because of his time working as a professional entertainer which saw him working with the Australian ballet, appearing on multiple seasons of Dancing with the Stars and touring in musical theatre for 17 years. What you may not know is that Mark is also heavily involved in the short-term property rental marketspace.

" ["fulltext"]=> string(2718) "

Mark joins host Phil Tarrant to discuss his transition from entertainer to investor, a journey pushed forward by dance related injuries and even a hit and run which saw him needing to find alternate methods to bring in an income. Mark shares how bad long-term tenants and a gang member guided him to the short-term rental market, and how this pushed him into helping others to realise the same benefits.

Mark will also address the common concerns, discuss what his company Maisonnets specialise in and unpack how they are making the process of filling short term rentals easier for investors.

If you like this episode, show your support by rating us or leaving a review on iTunes (The Smart Property Investment Show) and by following Smart Property Investment on social media: FacebookTwitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you’d like to lend your voice to the show, email [email protected] for more insights!

RELATED AREAS OF INTEREST:

The hard-to-swallow truth: The prickly points of the Airbnb reforms
Airbnb reforms unpacked for property investors
Airbnb leasing: What are a landlord’s rights and responsibilities? 


AREAS MENTIONED:

Melbourne
Sydney
Rushcutters Bay
Maroubra
Potts Point

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From pirouettes to property investment

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