THE family home is the biggest investment that most people will ever make. Maintaining your property is important to ensure that retains its value, writes REIV Chief Executive Enzo Raimondo.
Install water saving devices. Agents report that buyers are increasingly choosing properties that feature water saving devices − such as rainwater tanks, greywater systems and water efficient showerheads − for both economical and environmental benefits. Install energy saving devices. Buyers understand the link between energy use, greenhouse gases and the size of their power bills. For today’s buyers, energy saving devices are now a factor that can help make a property stand out. And, naturally, the financial and environmental benefits of solar energy or gas hot water are yours to reap until you sell the property. Plant a garden that will be attractive all-year ‘round; it’s like a facelift for your property. Planting low-maintenance natives that require little watering is one way to ensure perennial appeal – and your garden is less likely to be affected by water restrictions.Install insulation. Energy- and water-saving devices aren’t the only way to reduce domestic utility bills. Insulation can reduce the cost of heating and cooling your home.
Implement a program of cyclical maintenance. Homeowners frequently neglect to perform ongoing basic maintenance on their property and, consequently, waste a lot of time performing onerous maintenance tasks just before the home goes on the market. This complicates and delays the sale process, and may also result in increased costs. Keep an eye on exterior timber work, guttering, window frames, fencing and garden features, in particular. A program of cyclical maintenance will simplify the process of placing your property on the market.
Real Estate Institute of Victoria CEO Enzo Raimondo
