Amid all the doom and gloom, there is one industry that seems to be thriving in many parts of the country: the real estate market.
Average home prices hit record highs this week, fueled by a temporary stamp duty holiday and a so-called race for space, as more and more people consider a lifestyle change, according to Rightmove.
So is it time to make money? Here’s how to prepare your home for a sale and even add value to it.
The right time? Average house prices hit record highs this week, according to Rightmove, fueled by a temporary stamp duty holiday and a so-called ‘race for space’
Tidying up the basement, attic, and garage is obvious, but real estate agents say the smartest sellers should go a lot further.
This is especially important in the entrance hall, because the first impression counts, so make sure it’s as clear as possible.
“You only need a small amount of furniture, so consider how easily people can walk around the property without being bothered by things sticking out,” said Knight Frank’s Christopher Burton (knightfrank.co.uk).
Put kitchen pots and pans away to clean the worktop; shipping shampoo bottles to cabinets; drawers under the bed make bedrooms look much tidier; And when you start painting, remember that dark colors make rooms look smaller.
SHOW WITH OUTSIDE
Gardens have never been more desirable. So if you are lucky enough to have outdoor space, make sure it is at its best.
Prioritize the front yard, if you have one, to impress buyers who ‘drive by’ before deciding to visit in person.
Remove weeds, set out fresh plant pots and hanging baskets, and clear a path to a freshly painted front door with shiny brass or silverware.
To the rear jet wash paths, paving and stairs, as well as sunroom windows. Decking, in particular, may have become slippery, so they should be freshened up.
Many sales were frustrated with the condition of the neighbor’s lawn next door. If they can’t mow it, why don’t they offer to do it for them? It can help to sell your home faster.
CRACK IN ODD TASKS
While major work involving gas or electricity requires qualified craftsmen, comparison website HaMuch.com admits that there are many smaller DIY jobs that many people could do to make the home more attractive and also save money.
This includes painting and wallpapering rooms, replacing old or cracked tiles, repairing unreliable floorboards and even replacing squeaky hinges.
Mark Lamb, of Victorian Plumbing (victorianplumbing.co.uk), says salespeople shouldn’t be put off by a job like bathroom tile, even if they haven’t done it before: ‘You don’t need any experience to get the job done. you just need patience.
“Getting the right amount of tiles is the key to successful tiling, take the time to measure the bathroom and always order 10 percent more tiles than necessary.”
If you want to get the most for your money, the general advice is to sell now. However, if you want to wait for things to be resolved, it may be worth giving certain rooms a makeover.
The National Association of Estate Agents (NAEA) says the main improvements that add value are kitchen and bathroom makeovers so they look fresh, modern and hygienic.
“Good lighting and uncluttered, clean surfaces in neutral colors can quickly create a welcoming and spacious feeling,” said NAEA Director Mark Hayward.
Today, a space or special room that can be used for working from home would also add to the appeal.
SET THE STAGE
If the house you want to sell is empty, you need to stage it. Design agencies such as Lemon & Lime Interiors of Derby (lemonand limeinteriors.co.uk) offer ‘virtual staging’ – advice on what furniture to rent to ‘dress up’ your home and impress buyers.
So now there’s no excuse: make sure your house is singing and dancing so you can make money while the prices are high.
On the market … Home renovation