If you’re planning on selling your home, it’s only natural that you’re already getting excited about a new place and all the benefits the change will bring you. In reality, however, you need to think a great deal about your existing home and how you can get the best possible price for it. In all cases this will cost you time, effort and some money. How much you spend is entirely your decision, but, there are some investments its worthwhile making, that can help you achieve a higher price than expected and a strong leg up to buying your next property.
When it comes to selling your home, many home-owners begin thinking about how wonderful their next property will be, before they’ve even sold their own and found one they’re keen enough on, to make an offer! The reality of selling your home, even when it is to buy a new one, is that you should spend a lot of thought, time and some money, on making your existing home look its best in order to secure the highest price.
There are a number of ways to do this and not all of them come with a price, but there are some investments worth making ahead of contacting estate agents and getting your home on the market. We’ve picked out a selection of changes that we know will help your property look its best and sell quickly, for a price you’re happy with!
No doubt, as well as delighting in the organic increase in value of your property, many home-owners will have some savings to put towards a new home. Rather than keeping those savings for home improvements in your eventual new home, it can work out more financially beneficial to spend a little of those savings on sprucing up your existing home, to make it more saleable.
If you’re in a position to spend money on converting a loft or remodelling your kitchen and it can be done well, but for a reasonable cost, then this is something you should consider. The difference in price between and three- and four-bedroom home, for example, can be quite substantial, turning a £30,000 investment into something much more, when your home is marketed.
It’s similar for kitchens, which are often considered the main selling point of a home. If you spend anything from a few hundred to a few thousand pounds on improving your kitchen, the value it can add to your home can be worth it, in the longer-term.
But, these aren’t decisions to be taken lightly. That’s because:
- They will delay the timing of marketing your home
- Unknown problems could be uncovered that end up costing more than anticipated and adding further delays.
- The market could slow down during the works, limiting any value you’re adding.
- The works aren’t completed to a good enough standard to warrant the full increase in value you attached to it, beforehand.
Small Changes Matter, Too
If making those bigger changes isn’t something you want to contemplate, then do make sure you consider the overall appearance and state-of-repair of your home. So often there are numerous little details that you become blind to. But, when new people come in, particularly those who are thinking about paying a lot of money to buy your home, those small problems can really stand out.
Do your best to carefully assess how your home looks and what could be easily and relatively cheaply, improved. If you can’t see anything, invite your pickiest friends or family members over and ask their opinion.
Chances are there will be some scuffed woodwork, door handles that aren’t in full working order and some flooring areas that could do with some TLC. Looking at the kitchen and bathroom, rather than making major renovations, some tidying up can work wonders; replace cabinet doors, reseal vinyl flooring and repair dripping or leaky taps. Aside from those jobs, any rooms that look dull can be brightened up with a lick of paint, a well-placed mirror and the right lightbulbs.
Of course, you’re still looking at time and money to improve these details. But, both will be less than any work and investment associated with major renovations. And, if you or a close family friend or relative is able to help you carry out those jobs in a weekend or two, then the delay won’t be too much to worry about.
Remember, you’re not just selling your home, some viewers are buying into a new lifestyle and by improving those small details, you’re helping to show off the best bits of yours. And, even if you end up spending £1-2,000, you’re likely to more than recoup that figure when the estate agents value your property and find it in great order.
That’s because, as well as being able to sell the best elements of your lifestyle, your property is in a state to appeal to those buyers who don’t want to do any work and want to move straight into a property that ticks enough boxes, for them.
Little Details That Only Cost Your Time
If, however, your home has enough going for it that you think people will ignore those details, there are still a few little things you can do to help secure a fast sale.
Declutter your kitchen work tops and place a single bowl of fresh fruit on there. Empty out all the nooks and crannies where toys, books and anything else has been collecting. Make sure you have fresh linen on the beds, clean towels hanging up and some fresh flowers in a vase.
All of these small details help make your home more appealing by showing it off to its best. Just because you’re no longer enamoured with a particular corner of your garden, doesn’t mean it should be left to look unloved. Pop a deckchair and parasol there, highlighting a potential summer reading nook. If you no longer like the look of a carpet or floor area, move, borrow or buy a small rug to cover up anything unsightly or to brighten it up.
By spending a little time and effort, you can encourage potential buyers to fall in love with our home, just as you fell in love with it when you bought it!