Spring is just around the corner which means we’re nearing the best time of the year to sell. Traditionally, warmer temperatures lure buyers back to the market after the cold of winter, giving the property sector a much needed kickstart leading into the end of the year.
If you’re considering selling your Newcastle apartment this spring, now is the time to prepare your property for sale. To get the best price for your property, it’s important to put the work in now so you can reap the rewards later. Check out these tips for getting the best price for your spring sale.
If you're thinking about putting your Newcastle property on the market in 2019 be sure to contact Borrelli-Quirk Newcastle Real Estate for your free Real Estate Appraisal.
How the Get the Best Price for Your Newcastle Apartment
Catch up with property maintenance
First impressions count when it comes to selling property, so the first step is to list any repairs, upgrades and changes required to your Newcastle apartment. This is especially important if you require strata or committee approval before starting. Ensure you complete all work before your apartment goes on the market so you can offer a move-in-ready property to buyers.
While you’re at it, updating internal finishes, such as paint, carpet and window dressings will also freshen up your property, attract buyers and secure the best possible price. If you share common areas with other residents, organise a working bee to update these areas too. This will not only boost your own sales price but also add value to your neighbours’ apartments too.
Style with the buyer in mind
After seeing lots of properties, it can be hard for buyers to separate the features of one apartment from another. Help your apartment stand out from the crowd by styling it to make an impression. Add ‘wow’ factor by investing in dramatic artwork, upgrading appliances and introducing classic furniture pieces to catch the attention of buyers.
Make it easy for potential purchasers to see the true value of your Newcastle apartment by emphasising space. Carefully arrange furniture to make the most of each room, demonstrate how spaces can be used for more than one purpose, declutter personal effects and style with the buyer in mind (not just in line with your own tastes).
Highlight the features of your apartment
To get the best price for your Newcastle apartment this spring, it’s important to sell the features of your apartment building and the lifestyle your Newcastle apartment brings. Facilities like pools, gyms, secure parking, controlled access and elevators are big ticket items with buyers looking for convenience, security and lifestyle.
If your building doesn’t boast facilities, highlight the features of your apartment to potential buyers instead. Install smart systems to add security, technology and convenience. Highlight luxury finishes, quality appliances and updated features sure to deliver the lifestyle your buyers are looking for. Focusing on the features of your apartment will help get the best possible price.
Focus on lifestyle and location
Emphasise the many benefits of the location of your Newcastle apartment, wherever you may be. You may not have ocean views, but your apartment may enjoy cooling afternoon ocean breezes. You may not have a coffee shop in your lobby, but a hidden gem of a cafe may be just around the corner. Talk up all the benefits of your location when selling your apartment.
For many buyers lifestyle is as important as location so, it’s important to remind potential purchasers of the relaxed Newcastle lifestyle they’ll enjoy in your property. Feature a surfboard in your living room, leave running shoes in the hall or hang fishing gear in your kitchen. Don’t forget to sell the lifestyle, as well as the location of your Newcastle apartment this spring.
Provide relevant information to buyers
Anticipating barriers to sale can also help achieve the best price for your apartment. If your apartment is in an older building, investing in an independent building report and making this available to buyers can allay their fears and encourage them to make an offer. Don’t give buyers a reason to look elsewhere - provide as much information as you can upfront.
Similarly, if you have interest from investors, preparing a depreciation schedule ahead of time can help you achieve a quicker sale. Having all the information they need to make an informed decision will help, especially if they are weighing up your apartment against another property. Put the odds in your favour and have information ready ahead of time for prospective investors.
Thinking of selling your Newcastle apartment in spring 2019? Newcastle’s apartment specialists, BQNRE are ready to help you get the best price for your apartment. Contact the team at BQNRE to arrange a free market appraisal today.