With house sales hitting a record high in recent months and prices sky-rocketing in many areas of the UK, homeowners are flocking to sell their properties before the end of the stamp-duty holiday on March 31st 2021.
But how can you add value to your home and speed up the sales process?
Simple Changes That Could Add Value to Your Home
If you don’t have the time or the budget to undertake major renovation work, some simple changes could add hundreds or even thousands of pounds to the final sale price of your property.
- Spruce up the Interior Décor:
A surprising number of buyers will be put-off by garish, outdated or shabby décor. Emotions play a big role in a buyer’s decision to make an offer, and according to research by the Daily Mail, 56% of homeowners bought their property because they fell in love with it. Replacing highly personalised interior-design choices with neutral colours and styles will help a potential buyer to view the property as their future home. Similarly, it’s worth investing a little time and money in replacing old wallpaper and painting over peeling window frames — a well-maintained and well-loved property will feel more homely.
- Boost Your Home’s Curb Appeal:
Just as in other areas of life, first impressions count when selling a property. Adding a lick of paint to the exterior of your house or tidying up a scruffy front garden will put potential buyers in a positive frame of mind before they even step over the threshold. These changes will take minimal effort, time or money, but they can pack a powerful punch when it comes to sealing the deal.
- Change the Name of Your House:
It may come as a surprise to you that changing the name of your house could boost its value by up to 40%. But choose the name with care, as the wrong name could drive the sale price down by as much as 20%. Adding a name to your house costs between £50 and £150, yet it could add thousands to the sale price. Names that suggest stature or a country-cottage aesthetic — Crown Manor or Rose Cottage, for example — are the most popular with buyers.
- Create Space for a Home Office:
After the first national lockdown ended in May, the housing market was flooded with buyers seeking properties offering home-working space. A home office, or space for one, has become a key selling point for house hunters due to the rise in remote working since COVID landed on our shores in January. If you can, declutter and create an office space. This need not be a huge attic room or deluxe garden studio — use “dead” space under the stairs by adding lighting and a desk or convert your junk-filled box room into a usable workspace. By tapping into current buyer trends, you are more likely to get viewings, offers and the sale price you need.
- Paint the Front Door:
Picking the right colour for your front door could help you sell your house faster and for a higher price. Match the colour to the style of your house and your ideal buyer — Cotswold stone lends itself to a blue door while a country cottage may look more impressive with an olive-green frontage.
If you need a quick house sale, but don’t have the time, budget or inclination to make any of the changes listed above, consider selling to a house cash buying company. A reputable company will have the funds to buy your home outright for cash in as little as seven days, leaving you free to buy your dream house minus the usual stamp-duty land tax.
Whatever your priorities are — a super-quick sale or achieving the best price for your home — it is possible to achieve your goals without undertaking huge amounts of work or waiting months for the right buyer to come along. Even in a recession, people need and want to move house. Why not capitalise on the current housing market mini-boom and the temporary reduction in stamp-duty fees and make your move now?