Posted on Apr 23, 2015
If you are in a position where you will soon be moving onto pastures new, you are probably already considering what changes you can make to your home to make it the most desirable property on Rightmove. But wait, you have a budget. Before you get carried away, stop and think about how much value any changes will add to your house? Sure, it might look prettier with a fresh coat of paint but if you are thinking about a swanky new kitchen…think about your ROI first.
You see, your future buyer may be looking for a project – they might want something that they can put their own stamp on with their choice of interior, not yours. You need to identify your buyer when thinking about any renovations to your property. It can feel a bit of an impossible task and for you pessimists, it may seem pretty pointless. How can you possibly guess the person who will want to buy your home? This is where we come in, just ask us! At Villager Homes we see so many properties and meet so many people on a daily basis – both vendors and buyers. We think we’re pretty well-equipped when it comes to advising our clients on the best actions (even if that is no action) to get their property ready for sale. We like to keep up-to-date with buyer trends and movement within the market so we can do the very best job for you. Why waste thousands of pounds unnecessarily?
A survey carried out by Lloyds last year highlighted some interesting statistics; according to the banking group, 29% of the total number of home owners surveyed who carried out work believed they had added £10,001 to £25,000 to the value of their home. This is compared to 31% of the total number of home owners who said it had cost them the same amount to complete the project.
Without us seeing your property it is difficult to advise, but generally speaking, if your home is very well-presented it is often worth fixing anything that is not up to the standard of the rest of the property. This could be as minor as replacing a worn carpet or a rotten window frame.
If your house is rather…how shall we say - tired? Shabby? Well-lived in? I think you get what we mean. Don’t worry. It is likely your property will be snapped up by that demographic we were talking about earlier – you know, the ones that want to make their own changes and treat it as a home improvement project. They want your scruffy property for that very reason. Therefore, don’t waste money making changes that probably won’t be appreciated.
If you’d like more advice on preparing your property for sale, or to arrange a valuation, give us a call!
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