FindItMore | When it comes to selling our homes, the two things we tend to hope for the most are as follows:
- For the sale to go through quickly.
- For the property to be valued and sold for as high a figure as possible.
Surely that’s not too much to ask for, right? However, a lot of people are surprised at just how difficult achieving simply one of these things is, never mind both of them. The thing about value and selling, is it’s all dependent on the market at the time, so nothing is definite – and this is why you have to give yourself the best chance you possibly can. If you’re wondering how you can do this, then here are some tips on how you can make you’re both more sellable, and more valuable.
Do Your Research on the Local Market
The first step to knowing how to improve the value of your home and its saleability factor is by doing your research on the local market.
By looking at similar houses in the area that are for sale, you’re effectively eying up the competition. It’ll not only give you a rough indication of what your house is worth, but what you could do to make it worth more, and to have it stand out from its competitors.
The truth of the matter is, if you don’t know which properties you’re competing against (whether you like it or not), then you’ll have no way of telling which home improvements will stand you in the best stead of making the sale before them, it’s as simple as that. Luckily there is an abundance of online websites and forums such as Zoopla and Rightmove which have the right tools to help you do some digging, and make some comparisons. After all, your home is only as valuable as the market is at that point – don’t forget that.
Put Right any Structural Issues
It’ll come as no surprise that finding structural issues when looking at a property is one of the biggest turns offs for potential buyers. After all, buying a house is expensive enough, without having to pay extra to have it repaired, right?
On a serious note, however, a home with structural issues is of course far less likely to sell than a similar one without, and if it does sell, buyers are likely to ask for a discount on its current value, regardless of how much you have it up at. That being said, putting any structural issues right is integral if you want to up the value of your property, and have it sell quickly. Structural problems can include but aren’t exclusive to:
- Damp patches.
- Bowing walls.
- Structural cracks on walls.
- Rotten joists and roof timbers.
- Any infestations of insects or mice.
- A chimney stack being unstable.
- A roof that sags or leaks.
- Any missing or broken tiles on the roof.
- A slap or floor that is slightly collapsed.
If you’re concerned about any of these things and aren’t sure how to combat them, it’s best to get in touch with a professional, such as a surveyor, a structural engineer or a builder. It might cost you a little to repair it – but think of it as an investment. It’ll save you more money in the long run.
Consider Having a new Heating System Installed
If your heating system is a little old and isn’t coming up as particularly efficient on your Energy Performance Certificate, then investing in a new heating system could be the answer.
Yes, again, it’s an investment, but in the long term, it makes your home both more valuable and sellable. Plus it’ll help you to save money on your energy bills while you’re still living there. Win-win.
There are so many clever options available now, from smart meters to smart thermometers – so do your research, and figure out which one is most financially viable for you.
Last, but certainly not least, never underestimate the power of a little bit of redecoration. For example, the simple act of painting the walls, can not only make your home look fresher and cleaner but can also make it look bigger.
If you opt for a light color, then the room will appear brighter and more spacious – and if there’s one thing people buy, its space. Add a mirror to reflect the brightness and optimize the space even more, and you’ll be fighting the buyers off with a stick in no time.