Investors often believe that investing in property is all about the purchase process. However, if you think of the long term time horizon, the eventual sale of an investment property is just as important to realise its full value and maximise your returns on investment. Selling a property can be just as difficult as buying!
When it comes to selling a property, certain factors can increase its value. You need to ensure the property is in the best condition possible before putting it on the market. Identify any rooms or areas that are lacking and could do with a fresh lick of paint. You may need to fix a few defects, like leaking taps and squeaking floorboards, or tidy up the garden. Preparing a home for sale can take time, effort, and a bit of money – make sure you have enough of each before you gather potential buyers.
There are multiple reasons to sell your house for cash – from upgrading to a bigger property to moving to a new location. Advisors at Sell with Richard understand that the size of your house, number of bedrooms, design and area can all impact the final value of your property.
Here are a few things you can do to make it more appealing to potential buyers:
Upgrade the décor
Outdated homes are rarely as popular as modern homes. Dated wallpaper, bold colours and antique furnishings can make the home look like it needs work and renovations. It will also diminish the value of your property and consequently the profit you could make. with busy careers and family lives, most people aren’t looking for an extensive renovation project right now. Consider updating the internal doors with glass panels to create a more contemporary and stylish look. This can bring in more natural light and enhance the overall appeal of the property.
Depersonalise the home
A popular choice for home buyers or investors is to complete a phase of redecoration after they get the keys. However, this doesn’t mean that the condition of the property doesn’t factor in. Buyers need to imagine themselves living in the space.
It’s difficult to do that when a property is filled with pictures of the current family living there. Remove any family photos and personal belongings from the property before viewings begin. You could store these items in a storage locker or at a friend’s house until you find a new place to live in.
Garden and landscaping
The garden can massively impact the price of your house and the buyer’s impression of it. If you have a front garden, it is crucial to clean up the outdoor space. Make sure the weeds are removed, and the lawn looks healthy. Use a garden strimmer to tidy the lawn and trim any overgrown bushes or plants. Make the outdoor section of your property look appealing and of course, remove any rubbish lying around.
Location, Location, Location are 3 huge factors in a buyers eye. When looking at where to buy a property, buyers won’t just be considering the location of your home in the context of schools and local amenities, but also the immediate vicinity of your property. How does the garden, fencing and driveway look?
You could improve the house’s exterior by repairing any broken window frames, dirty brickwork, or wobbly fences. You don’t need to landscape the entire garden – but it should be clean enough for the buyer to imagine what they could do with it. Having a sturdy fence keeps a sense of security to your property. Having durapost for your fence panel would make your fence look more durable.
Finally, a professional photographer can help to show your home in its best light. Poor-quality photos can make a space look smaller, darker, and less attractive to buyers. Make your house look perfect and show it off online with fantastic photos. A few extra hundred pounds spent on a photographer is a safe investment.
Taking pride in the home you’ve built will help you to go out on a good note with an excellent selling price.