Sellers take note - buyers are scarce so make your home a ‘must buy’ property
The paint on your front door is peeling, those window boxes need plants and that doorknocker in the shape of a parrot is embarrassing – still, buyers will see the potential of your house, won’t they? Wrong.
If you want your home to win over a new owner, it needs to look the part, particularly in this economic climate when buyers are hard to come buy and they have plenty of choice. But there are several ways to make you home more saleable, and here are a few from Confused.com.
First impressions count
Overflowing guttering, flaky paint and exposed wooden fences that need treating aren’t assets, no matter how much you think they fit into the cottage-garden look you’re trying to create. There’s no guarantee that buyers’ will have the same taste as you, so spruce up the outside (fresh paint for the house, weatherproof/varnish any fencing, mow the lawn, trim the hedges etc) and keep on top of any repairs.
Safe and secure
External security measures are also a good selling point. Fitting a burglar alarm, joining the neighbourhood watch scheme and installing outdoor lighting can make your home more attractive to buyers and could reduce your home insurance premium.
Don’t forget the kitchen
The National Association of Estate Agents (NAEA) reckons a new kitchen can add up to 20% in value to your home, so making upgrades here could prove a real value-adding selling point.
Modern buyers are looking for a kitchen that reflects their needs. A family kitchen should be warm and inviting, while a penthouse flat probably wants a sophisticated feel, suitable for entertaining.
New kitchens are expensive though, but if you’ve got the cash to splash, why not check out ‘Tap into luxury – kitchens of distinction’ for more info on upgrading the hub of you home. Otherwise, if you can’t afford the full works, don’t panic, you can always look into smaller improvements.
Invest in new handles and doors for your cabinets. Think about replacing the blinds and windows. And don’t forget to look down. Torn lino makes a bad impression. What about a new laminate flooring which is cheap, hard-wearing and relatively simple to install?
Consider a conservatory
Government figures show the number of domestic planning applications has doubled in the last 10 years. And considering the NAEA say an extension could add 10% to the value of your property, this could be another option worth considering. After a new kitchen and bathroom, a new conservatory is the third most popular change people make to their homes.
Conservatories typically cost between £5,000 to £20,000, but you may be able to add this cost to your mortgage, or you could take out a loan.
Don’t forget to upgrade your home insurance
It’s important to know that if you increase the size of your home with a conservatory or extension, you’ll need to upgrade your buildings insurance. Likewise, if you fill this new space with expensive goodies (sofas, TVs etc), you may have to upgrade your contents insurance to remain adequately covered. If in doubt, contact the home insurance provider. And if you’re not happy with their quote, you’re always free to search online for a great home insurance deal.
So if you’re desperate to sell, demonstrating some thoughtful attention to detail could win over buyers, and with a little luck, you could soon be trading that ‘For Sale’ sign for one that says ‘Sold’.