Thursday, 22 May 2008

Dont Use Too Many Estate Agents

When you are selling your house it is too tempting to dilute the interest by using multiple agencies, this fits into the tie in agreement a lot of agencies have. When you are trying to sell your house look around at the agencies and find the one that is best for your house.

This may be an online agency such as BuzzProperties.co.uk or one of the many high street agencies, in any case you want to use a specialist agency, and not simply put your house in every agency.

Think of it this way, you go to a supermarket for food, a garage for petrol and so on. Do the same with your house look at the agencies, and if you are selling a country house, use a specialist agent, just the same as if your selling a house in the town. Choose as few agents as possible, as this will help you retain value in your house, as if people see your house is for sale in several agents its a clear sign that its not selling, and opens you up to price negotiations.

So think of it this way the current UK planning regulations are the way they are for a reason, only have 2 or less for sale signs outside your house, not only looks better, but helps you get a better price for your house.

So spend time finding the right agent, instead of using every agent.

Monday, 12 May 2008

Quality of Work - Dont Do It Yourself

One of the most important things that people want to buy is quality.

This goes for everything in your home, from floors to walls, inside and out. If you are a competent Do It Yourselfer thats fine, but remember people are paying for your house. So its worth getting some jobs done by a professional if you are just not competent.

If we look at tiling as an example, look at the picture below









This a a classic example of bas tiling, you can clearly see the tiles are not inline, and in a whole bathroom thiss effect is magnified by multiple errors.

Don't Do It YourSelf

So if you are not competent at doing a task, where it is jsut repainting a room, to laying a new carpet. Then get someone else to do it.This fits with other tips, in that although decorating or replacing carpets will not add any value to your house, it will help it sell. So you will get any money back you put into your house, so go nuts.

Quality Sells

People will buy quality so making your house stand out from the crowd is extremely important, making it as close to a show home is vital , especially when the house is one of the largest purchases people will ever make, they are willing to pay for quality.

So look around your house and be honest with yourself, if you cant do something to a high standard, get someone else to do it.

Wednesday, 7 May 2008

Saleable or Added Value



One of the biggest misunderstandings when it comes to selling your house is in what makes it more saleable and what actually adds value to the property.





In most cases you are trying to sell your hosue, and will get taken in by companies stating such things as "it will increase your property value", normal terms are thrown around a lot by builders and windows / conservatory companies.

Ok so you may be think that why won't a new conservatory add value to my house. Simple if the conversatory costs your £5000 you will only be able add this amount to your house, and in truth you are only going to get your money back. This goes the same for replacing windows and doors, and even new kitchens and bathrooms.

So Why Would I Bother?

You are probably asking yourself, why would you spend money adding a conversatory or putting in new windows or bathroom, if you are only going to get your money back.

SIMPLE

It makes your house more saleable that is "capable of being sold, fit to be sold". This means that you will be able to sell your house quicker, and it can set it apart from other house. As if your house is the only house in the street with new windows, a conversatory it will sell better than the other houses.

Adding things to your house can save a lot of time in the overall sale process, letting you move on to your new home and get on with your life.

What's an Addition and Whats an Improvement?

If you are trying to sell your house you need to decide what you want to do, Do you want to try to increase the value or do you want to make it easier to sell.

Remember a higher price is not always better!

Keep the two things in mind, improvements and additions. Basically speaking these are defined as

Improvements - Anything you add to your home such as
  • New Kitchen
  • New Bathroom
  • New Windows and Doors
  • New Conservatory
  • Anything else that does not directly change the structure of your house
Improvments will not add value to your house, other than the cost of the addition, they will make your house more saleable and easier to sell
Additions - Anything that you add to the structure of your home such as
  • Building a new extension
  • Converting the loft into a room
  • Anything else that changes the structure of your house.
Additions will add value to your home provided it is the right addition, such as making a 2 bedroom house into a 3 bedroom house, larger kitchen, etc.
So keep in mind a simple rule, if it costs more money chances are it will add real value to your house. And anything that changes the house from the way you bought it will increase its value. If what you are doing does not alter the house from how you bought it, it will make it easier to sell but not for a higher price.