Is it time for a change for your family? If you’re running out of space, need to follow work opportunities or just feel like a change, you may be thinking about putting your house on the market.
Here are a few things you can do now, to get ready.
Most people have an idea of what they think their house could be worth. But when it finally gets to the market, they often get a surprise — sometimes a happy one, and sometimes not.
If you’re thinking about selling, check out similar houses in your neighbourhood that have recently sold or been listed for sale. Observe how much demand there is for them — look at how many people are attending open homes, and how long the property was on the market for. You will be able to find out the final sale price, and you may even be able to talk to the salespeople about feedback from buyers looking in the area.
Some real estate agents will offer you a free market appraisal for your home, based on their local knowledge of recent sales and current listings of similar properties in your area.
Talk to your mortgage adviser
Do you know what you could afford to spend if you were to move? We can talk to you about how much money lenders are likely to be willing to lend you. This can help you work out whether you can achieve the dream move you have in mind, or whether you need to spend a bit more time saving or building up equity in your current home. We can help you set targets and plan ahead for this.
It’s common for improvements on your existing home to take a bit of a back seat when you’re living in the house and don’t fancy the disruption of having tradespeople traipsing through each day. But if you are trying to sell, fully-renovated houses tend to do best.
If you’ve got jobs that need doing, stop putting them off and crack on with it. Don’t skimp on little details — things like nice, neutral curtains, clean windows and even modern light switches can make a house stand out.
Focus on street appeal
Take a look at your house with fresh eyes and see what it would be like for someone new approaching from the street. Is the front door paint peeling? Is your letterbox battered? These are the types of details that become invisible when you’re living in a house, but make all the difference at a potential open home.
A real estate agent should be able to offer some guidance on the types of things that will make a house more appealing to buyers who are active in your area. Get a professional opinion to help guide you through the final stages of readying your house for the market.
Channel your inner Marie Kondo and get rid of everything you no longer need. Clutter can really get in the way of presenting a house at its best and make it hard for would-be buyers to imagine themselves in a property.
Consider the rental options
If your house is low-maintenance and in a high-demand area, you may decide that you want to hold on to it as a rental property. Provided you have enough equity in the house, you could be able to borrow against it to fund your next property.
Need a hand?
We’d love to talk to you about your plans and how we can help you get there. Please don’t hesitate to contact us.
Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current development or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.