Small Changes To Boost Asking Price

By July 30, 2019 No Comments

Homeowners who want to put their property on the market will find it prudent to hold off from listing their house straight away, so they can make some simple changes to their residence that could prove very profitable in the long-run.

Here are some suggestions on how to update your home to maximise your asking price, and leave you with a hefty profit when you sell it.

 

  • De-clutter

When moving, it is a good idea to start going through your belongings and getting rid of anything you do not want or need anymore to avoid moving unnecessary things to your new place. This also has the added benefit of de-cluttering your current home, which will make it look much more appealing to potential buyers.

While most of us try and keep our houses neat and tidy, we inevitably end up with piles of papers on the kitchen table, toys scattered on the floor, and letters collected by the front door. However, this can really deter people when they come to view a house, as it makes it look much smaller as well as unattractive.

Indeed, it can put people off in the first instance as many homebuyers will not look past the mounds of clutter, assuming theirs will accumulate in the same way if they buy the property.

That is why one of the most effective things you can do to sell your house is also the cheapest – simply spend time going through your things and throwing away the items you do not need and organising those you do.

Speaking to the Express, experts at homebuilding.co.uk echoed this tip, saying: “Just by de-cluttering, adding a lick of paint and careful styling, it is possible to add five to ten per cent to the value of a property.”

They added: “The market will always place a premium on an attractively decorated and styled property.”

With that in mind, it is certainly worth grabbing a bin bag and purging things that are just wasting space.

 

  • Period features

Period properties have been incredibly popular for several years now, with homebuyers vying to get their hands on traditional Victorian terraces or grand Edwardian townhouses for the last few decades.

However, the era that is currently most sought-after is the Georgian period, with more homebuyers looking for homes that boast features from 1714 to 1830s more than any other.

This is according to research by Anglian Home Improvements, which revealed Georgian houses offer the most popular architectural style of homes and exterior features among Brits.

Costas Kariolis, head of digital marketing at Anglian Home Improvements, said: “Our rich and colourful architectural history has resulted in homes that have changed dramatically throughout the ages in terms of design and features.”

The Homes Across the Decade research fond 49 per cent of Brits like large windows like those found in Georgian homes; 44 per cent favoured bay windows of 1930s’ properties; 30 per cent would choose front doors with stained glass widows from the Edwardian period; and 22 per cent want a house with bi-fold doors, which are modern features from the 2010s.

Perhaps the Georgian features homebuyers like most are tall sash windows, a double-fronted entrance, and a wooden front door with a semi-circle glass window at the top.

The second most popular type of period property among viewers are Tudor homes, built between 1485 and 1603. These typically have a distinctive black and white exterior, exposed timber frames internally, and thatched roofs.

Unsurprisingly, Victorian properties are still on trend, and they are the third most popular period homebuyers look for. Houses from this era date between 1837 and 1901 and feature stained glass windows, ornate fireplaces, pointed arches, high ceilings, geometric floor tiles, large bay windows, dado rails, and shapely skirting boards.

Therefore, if you have a period property, it is certainly worth enhancing its original features so those viewing the house can really see them. This may include making a centrepiece of your fireplace; removing rugs off wooden floors, or even carpets and lino that is hiding the original fitting; and updating furniture to really bring out the authentic style of the house. For instance, fitting freestanding roll-top baths with ornate taps and claw feet; finding original door knobs and letterboxes; and adding  a lick of paint to the walls in a shade that complements the specific period, such as Dulux’s Heritage range.

 

  • Restore windows

As we all know, first impressions count when it comes to viewing houses, which is why so much emphasis is placed on kerbside appeal. So as well as sprucing up your garden and cleaning your gutters, it is worthwhile updating your windows.

One of the first things people notice as they approach a house they are looking at is whether the windows look old and might need replacing. If they do, this could instantly deter them before they have set foot through the front door.

So if you know your windows are not in the best condition and will need to be replaced in the next few years, it would be a good idea to consider getting them updated before you market the house.

This is particularly the case if your home is a period property but does not have windows that match or complement the era it was built. Replacing standard uPVC windows with stylish sash windows in Wiltshire, therefore, would instantly make the house more attractive, help its original features stand out, and alleviate any concerns about the quality and age of the windows and the house’s energy efficiency.

 

  • Superficial decorating

If the thought of repainting your entire house, fitting every room with new curtains, and kitting out your home in stylish furniture in a bid to help it sell terrifies you, do not worry, as you only have to undertake small decorating jobs to make it appealing to homebuyers.

While a stylish new kitchen, flash new bathroom, and freshly painted walls are always attractive, most people like to put their own stamp on a property and might feel deterred by a home that is completely done up already.

Therefore, you do not need to feel the pressure of giving your home a huge make-over before marketing it. Instead, concentrate on superficial tasks that will help the property still look good without involving too much effort on your behalf.

For instance, painting over small cracks in the ceilings, putting WD40 on squeaky doors, fixing dripping taps, securing loose tiles, and getting the carpets cleaned are important jobs to undertake without breaking the bank.

The homebuilding.co.uk website added: “Whilst small, superficial defects won’t directly affect the value of a property, they could put off potential buyers and therefore, prevent it from selling at the optimum price.”

If viewers see these defects when looking around the house, they might feel worried that they are an indication of more serious problems with the property. Therefore, by sorting them out, they can concentrate on finding positive points about the house without thinking of any negative ones.

So whether your property is a one-bedroom flat, a grand Georgian detached house, or a stylish Victorian two-up-two-down, make sure you get the most out of it and emphasise its biggest selling points.

It could mean the difference between securing a sale above the asking price, and having your property on the market for so long, buyers begin to regard your listing as something they can get for a bargain.