Welcome to your Property Improvement Plan
You are going to profit from the wealth of information we will share with you in this Property Improvement Plan.
In our experience, we have learned that the best property price comes from the best preparation and maintenance over time. As your real estate partner it is our intention-via this document-to help you maximise your property's value for life and make any future sale of your property an enjoyable and rewarding experience.
It's important that we keep our eyes on the prize. This prize being you securing the absolute maximum price for your home once you do decide to sell. Your profit will be realised when you attract a buyer who will inspect your property on the surface and obtain an independent pest and building report that will influence their final purchase decision.
With this understanding, we have constructed this Property Improvement Plan (PiP) in a way that clearly works to your final moment of truth.
So let's get started with your Property Improvement Plan.
About your home
Thank you for the opportunity to conduct a full appraisal of 11 Maher Ave East Maitland. The property is located in a great location within the established East Maitland Community. The home is surrounded by dwellings of a similar age and constructed type with brick piers, weatherboard cladding, Colourbond roofing and timber decking. 11 Maher Ave offers 4 bedrooms, 2 living areas, 2 bathrooms and an additional toilet off the laundry. The property offers good storage with side access to a double garage, double carport space and generous outdoor undercover entertaining areas.
The extension to the original home has increased the space significantly and improved the overall flow and functionality of the property. Recent improvements and additions will have certainly increased the value over time.
The River Property improvement plan has taken into consideration the design of the home, the overall condition of the property and outlines maintenance and improvement opportunities that should be considered for the sale price to reach its full potential.
These points are a guide to maximise the opportunity as we enter the marketplace and they take into consideration items identified in the pest and building report.
The team at River will guide you through the steps suggested so we can make the appropriate decisions together.
Please feel free to view and download the current appraisal for the home in present condition prior to any work being done below.
Current Appraisal - Jan 2021
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Make a preemptive strike and undertake a pest and building inspection
These days most people will make their offer to purchase conditionally upon obtaining a building and pest inspection.
So having your home inspected for structural and termite damage before an offer is accepted can be highly advantageous.
Why?
It gives you control over the selling and negotiation process. If no issues are found, you will have peace of mind knowing any future purchaser won't be able to use any problems as a means to negotiate the price down. Should an issue be found, you can take action to resolve it before your home is listed for sale.
Forewarned is forearmed
Even though your property may appear to be structurally sound and there is no visible indication that termites, subsidence or mould is present, there could be hidden problems lurking in the foundations, roof, plumbing or walls that only a professional can identify.
Many people are worried that building and pest inspectors may uncover some terrible truths about their property. For many, this concern stops them from having an inspection. But is that logical? If something is wrong with your property wouldn’t it be better to know before you put the house on the market? Being forewarned is forearmed and puts the power in your hands. Being aware of any issues with your property allows you to take control and have them fixed and doesn’t erode your position when you put your house on the market.
A pest and building inspection report empowers you
While many buyers will still insist on having their own pre-purchase pest and building inspections conducted, showing them the reports you have had prepared over the time you have owned your home shows them you have nothing to hide about the condition of your property and gives them less ammunition to negotiate as well as peace of mind that they are making a sensible purchase.
At the end of the day, pest and building inspections aren’t deal breakers and it’s what we find out right now that will protect your eventual sale price and final profit. These reports are generally low in cost yet they could be the vital knowledge in future negotiation that saves any sale and protects your profits.
Pest & Building Report
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Let's Review
Please take some time to review your report in detail. The list of recommendations we have provided are based on the details from this report. This is a great time to discuss your questions, concerns and opportunities once you have revised this information. (By the way, these reports contain a lot of disclaimer type information due to industry standards. It’s important only to focus on the summary and the agents advice as they are general in nature)
Think like a purchaser
The golden rule of thumb is - if something needs to be repaired - fix it! Walk through and be picky - try and see what a potential purchaser will see, not what you have overlooked for years. Make a list of repairs and improvements that need to be made.
Buyers will mentally add up their perceived costs of repairing all of those minor flaws and end up with an amount that is generally much higher than your actual costs will be. You may believe the repairs are insignificant, however the buyer may question the maintenance and upkeep of the rest of the property. Necessary, noncritical minor repairs and perceived owner neglect will either lower the price or lengthen the time to sell.
Your property improvement plan ( PiP ) is a list we have prepared of recommendations which are categorised into a simple table of A,B & C
Your agent will discuss the improvements in details and the reason for the advice looking at the return on investment.
Building Repairs and Improvements
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Do's & Don'ts
Now that you have gained full clarity on the property with our assessment and pest and building report, we have provided a recommended list of maintenance and improvements to consider which have been organised into 3 categories of consideration importance.
- Category A are your ‘Must Do’s’. These items are defects that have been identified in your building inspection and will require rectifying prior to any sale of the home but are recommended regardless in order to preserve and maintain the property.
- Category B are your 'Prepare for Sale' items. These will be required should you choose to put the property on the market; this would include items such as ‘professional cleaning’ and property styling’ etc.
- Category C are your ‘Value Maximisers’. These are the items we recommend you look at addressing to ensure you maximise your properties value without over capitalising. It is important to review this table with us to discuss each point and the reason for the recommendation.
Category AMust Do's |
Category BPrepare for Sale |
Category CValue Maximisers |
| Misc External Works - $1,599 | Property Styling - $3,600 (quote) | Front Veranda - $2,130 |
| Misc Internal Works - $1,032 | Professional Cleaning - $616 | Garage Works - $2,245 |
| Cupboard Roof Leak - $972 | Council Inspection - $250 | Interior Paint - $6,380 |
| Investigate roof leak over bedroom $2,305 | Pest Spray - $240 | Carport Ceiling - $5,810 |
| Investigate plumbing leak - $410 | Architraves - $1,260 | |
| Exterior Paint - $7,348 | New Carpet - $5,000 | |
| Storm Water upgrades - $7,948 | ||
| Additional Construction - $6,178.76 | ||
CAT A TOTAL $27,792.76 |
CAT B TOTAL $4,706 |
CAT C TOTAL $22,825 |
ESTIMATE SUB TOTAL - $55,323.76 |
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It is important to continually review this table with your agent to discuss each point and the reason for the recommendation. We have supplied a quotation that covers these categories for further discussion and possible implementation.
Current Situation
Our property assessment and the pest & building report have identified a number of opportunities and liabilities that should to be discussed in more detail.
The current market value of $670,500.00 may be increased with the implementation of recommendations made throughout this report.
Your agent will discuss the possible returns available if any or all recommendations are followed.
Price Update
Your Property Improvement Plan is designed to provide you with the clarity you will require in order to maximise your property's value for life. It is imperative that future reveiws of pest and building inspections, price updates and any outstanding maintenance and repairs are conducted to ensure your not only maintain but improve your property's value to its absolute maximum potential.
We will stay in contact with you to assist with any maintenance or improvements and will be in touch for your next Property Improvement Plan reveiw, which is due on: 15/01/2022.
Surrounding Sales
100 Worcester Drive, East Maitland
40 Flinders Street, East Maitland
Profit from our knowledge
This Property Improvement Plan contains information that has been expertly collated that can also be found as part of our full 'Maintaining and Preparing your Home for Profit' knowledge book. If you'd like to know more, please feel free to download your free copy.
Insurances
Financials
*quotation based on information provided by owner and correct at the time of original submission.
Missing something?
If you have anything you would like adding to your PiP that is currently not included, please let us know via the form below. You can also call our Customer Service team on 02 4934 4111 for more information.
