Queensland’s property market is almost as hot as one of our classic sweltering summer days. In fact, the housing market grew three times more than expected in 2021. And the prediction is that Brisbane’s and Gold Coasts house prices will continue to grow in 2022, outperforming all other Australian capital cities. The Queensland governments population counter estimates one person is moving to QLD every 11 minutes. These new Queenslanders will be looking for a home to buy and with a 25% increase in interstate migration most buyers are cashed up and ready to buy.
Queensland House Prices
The median Brisbane house price is $757,000 increasing 25% in 2021. Market conditions and potential buyers mean this current market is probably the best in Brisbane’s history! With interstate borders now open this brings fresh interstate buyers to compete with local buyers. So if you are looking to sell and take advantage of a hot-selling market you need to make your home stand out and get the best price possible.
Real Estate Agents Say Best ROI is Fresh Paint
Curb appeal should not be underestimated in adding to the homes final sale price. Buyers first impressions make a big difference and if your exterior paint is flaky and faded they will minus thousands from their offer. But keep in mind in a hot market, sellers should not overcapitalise on renovations and home improvements before putting the house on the market. Real Estate agents will tell you the best way to spruce up your home is a fresh coat of paint. Buyers like walking into a home and to see clean, freshly painted walls. It is the most cost-effective way to add $$$ to your property price without investing too much.
Painting a home before selling is great ROI and can add anywhere from 3% to 15% to the house value. Both interior and exterior paint jobs can lead to great Returns On Investment (ROIs).
A good place to start is with your local real estate agent, they will know what buyers are looking for and can advise on the right areas to spend money. Also, give us a call as we have over 40 years of experience in painting exterior and interiors, and working with clients getting their homes ready for sale. We can you advise on the exterior paint condition and then quotes/timeframes for a new exterior paint job.
2022 Paint Colour Trends
Our team can show you the latest 2022 paint colour trends and help you select the best paint colours to sell your home. Often it’s neutral colours, but don’t be fooled that means it’s an easier choice – there are hundreds of shades of white! Areas have their own styles for example the Gold Coast favours a Hamptons look. Read our Hamptons style blog for inspiration – https://qpaint.com.au/hamptons-style-interior-and-paint-colours/
Do I Need to Paint my Home Before Selling?
Buyers see the exterior of your home on arrival, it forms their first impression and can go a long way in making up their minds on buying your home. If your home exterior paint is flaking, patchy or generally looking tired this is an excellent area to spend money on to sell your home faster. People especially buyers imagine this as a big job and expensive but it can be done quickly and help add excellent value. And compared to your home’s value it’s a small investment. If your home is a Queenslander, exterior paint is very important as it’s a major drawcard of these beautiful homes. For brick homes, look at your gutters, window frames and the front door, with a new coat of paint on these the look of your home can be changed drastically. It’s a small renovation that packs a punch!
Don’t Forget About The Deck
Cast an eye over your deck, verandah, timber screens, timber balconies and timber railings. These areas are used daily and suffer from wear and tear, making them look tired and worn. Spending some money on these areas will help your home stand out to buyers, as they will see the attention paid to the area and know your home is well maintained. We can provide deck sanding, finishing, repair and maintenance to your decking or verandahs. Let the buyers envision themselves relaxing on the deck with a drink in hand – not sandpaper in hand! https://qpaint.com.au/timber-deck-restoration-brisbane-gold-coast/
Book Now and Get Ready For Selling
The Brisbane and Gold Coast market in 2022 going by all the real estate and expert predictions will continue to grow at an amazing pace. So if you are going to join the list of Queenslanders getting excellent returns on selling then follow the advice of the experts and get a fresh coat of paint to increase the price even more!