PROPERTY EXPERT REVEALS HOW TO ADD AN EXTRA $100K TO YOUR HOME SALE

Selling your home? Property guru Eric Wong, Founder of Lucca, has revealed his top five tips that could add an extra $100k to your home sale - and best of all, it won't drain your budget.

 "A few cost-effective cosmetic improvements can significantly increase your home's appeal to potential buyers, leading to a quicker sale and possibly even a higher selling price," he says.

Here are Eric's top tips.

1. Repainting Kitchen Cabinet Doors White

The kitchen is often considered the heart of the home, and a bright, welcoming space can leave a lasting impression on buyers.

Repainting outdated or worn cabinet doors white can instantly brighten the kitchen and give it a more modern feel without the need for a full renovation.

White kitchens appeal to a wide range of buyers and can make your space feel larger and cleaner. 

Cost estimate: Less than $3k

2. Repaint Coloured Walls with Neutral Colours

While your vibrant red dining room or your cozy green living room might perfectly reflect your personality, such strong colours can be a turn-off for potential buyers.

Repainting walls in neutral colours like beige or off-white can make your home appear more spacious, brighter, and inviting.

Neutral walls also act as a blank canvas, allowing buyers to easily envision their own furniture and decor in the space.

Cost estimate: $800 for a room including ceiling and door. $1200 for bathroom and kitchen

3. Regrouting Showers and Tiled Areas

Bathrooms are another crucial area that buyers pay close attention to. Over time, grout between tiles can become discoloured or start to deteriorate, making even the cleanest bathroom look unkempt.

Regrouting showers, bathtubs, and tile floors is a relatively simple and inexpensive project that can greatly improve the appearance of your bathrooms.

Clean, fresh grout lines make tiled areas look brand new and can significantly enhance the overall appeal of your home.

Cost estimate: $900 for the shower with 15 years warranty

4. Changing Lighting to Bright LEDs

Good lighting can transform a space, making it appear more open, airy, and inviting. Replacing old, dim lighting fixtures with bright, energy-efficient LED lights can have a substantial impact on your home's aesthetic.

LEDs provide clearer, more natural light, which can highlight your home's best features and make smaller rooms feel larger.

Additionally, the cost savings and long lifespan of LEDs are attractive selling points for energy-conscious buyers.

Cost estimate: $130 per light including drilling the hole and patching the ceiling from old fittings

5. Replace Carpet with Hybrid Laminated Floorboard

Old, stained, or worn carpets can be a major deterrent for buyers. Replacing carpeting with hybrid laminated floorboards is a smart investment that can immediately update the look of your home.

Laminate flooring is durable, easy to clean, and comes in a variety of styles that can mimic the appearance of wood, tile, or stone. It's also more cost-effective than hardwood flooring but still offers a similar level of sophistication and appeal.

Cost estimate: $100 per sqm installed, including removal of old carpet