Sun 15 Apr 2018
Lee Whitelock, Director MNAEA
Look at our top tips to find out...
Take care of the essentials
Before you splash out on a flashy new kitchen, you need to get the essentials right. Valuers and potential buyers have a keen eye for these things. So, be sure your home is clean, dry, and free of damp. Also think about any maintenance work that needs doing, such as rewiring, roof maintenance and any underpinning or stabilisation. These are the essentials, so make them your top priority.
Repair superficial details
Once the essentials are taken care of, you should move onto superficial defects that could decrease the appeal of your property. Such details may not devalue a property, but they might put buyers off and prevent you from getting the best asking price. Here are some examples of the work that needs to be done:
- Dripping taps
- Mouldy sealants
- Squeaky doors
- Damaged windows
- Peeling paint
- Cracks to plasterwork
It may come as a surprise but renovating for profit doesn't have to be expensive. You can opt for cost-effective solutions and at the same time increase the value of your property in the eyes of potential buyers. Let's take a common example: flooring. You don't need to have lush, cream or beige carpets fitted to boost the appeal of your home. In fact, potential buyers would prefer the practicality of good quality floor tiles or vinyl. This type of flooring looks smart and is practical.
Throw tradition out the window
You're probably aware that certain colour schemes are traditionally used when decorating a property for sale. These colours are usually bland, such as magnolia or eggshell. Well, you can choose a more interesting or bold colour scheme. Darker colours are practical as they cover up all manner of sins, such as stains and marks. Plus, an interesting theme can even increase the value of your home.
Remodel while you renovate
If you have the budget, then you may want to consider adding space to your home. This will increase the sale value of your property and make it more attractive to potential buyers. First consider how you can put the space you have to better use. For instance, turning a room you use for storage into an office or studio. Then you may want to consider converting your loft, garage or cellar into an extra living space or bedroom.
There are many ways to renovate your property prior to selling it. For a sales valuation or further advice on selling a property in the London SE1 area, get in touch with our team of experts.