Property: Fractional ownership investing discussed by expert
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With the market still booming, thousands of Britons are looking to sell up and move on. Recent news that mortgage rates are at a record low for those with chunkier deposits has sparked concerns that the property market could turn from the seller’s market, to a buyer’s market. Express.co.uk spoke to the experts to find out why a few DIY jobs could make all the difference when selling your home.
Houses on the UK property market have been snapped up in almost an instant thanks to a cocktail of the stamp duty holiday and race for space, leading people to buy larger homes.
It’s common knowledge that a presentable and tidy home is a winner when it comes to selling up but there are few tricks you might be missing when inviting potential buyers into your house.
Home improvements including loft conversions, up-to-date double glazing, insulation and open plan living are all known as best-sellers when it comes to the housing market, but what can you do on a budget?
The team at Online Mortgage Advisor have shared some of their top DIY hacks that could help you move swiftly on to your new home.
Selling your home for more doesn’t always have to be at a large expense and that’s why DIY is a sure-fire way to update and improve your property.
Everything from lighting to smarter storage solutions can make a world of difference to your home, making it more attractive to sellers.
Storage is key
Moving into a home can be overwhelming, especially in the modern day where we tend to accumulate a lot of ‘stuff’.
Making your home that little bit smarter by adding extra storage for potential buyers could be the difference between another month on the market, or a quick sale.
Shelving around a wall feature is a simple yet stunning way to illustrate a wall and create more storage space for potential buyers, while drawing focus to a point in the room.
The team at Online Mortgage Advisor recommends looking for areas where you might be able to include some hidden storage, perhaps under a dining bench or even in your bath panels.
Pay attention to lighting
Good lighting can make or break the ambience of a room and getting it right will make a world of difference to the feel of the property.
Changing the light fixtures to warm or cooler bulbs to compliment the decor is a quick way to change the way a potential buyer will view your home.
The fixtures around your bulbs will transform the space, so now is the time to invest in some unique ceiling fixtures and some gorgeous lamps to scatter around your home for a more put-together look.
Adding artwork where possible adds instant appeal to your home.
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Cold and empty looking space or blank walls can be filled with large, bold canvases or even more simplistic paintings and photography.
The team at Online Mortgage Advisor told Express.co.uk: “The simple act of hanging up some of your favourite artwork is a really great way to make your home more appealing to those prospective buyers.
“…Just make sure it’s tasteful and something that will be universally favoured, a painting not to everyone’s taste may do more harm than good when it comes to selling.”
Create an inviting outdoor space
If the pandemic has taught us anything, it’s the importance and value of having access to a personal outdoor space.
After being urged to stay at home for over a year, many Britons have decided to relocate, searching for properties with a great garden to enjoy all to themselves.
Run down gardens and neglected greenery is a no-go for potential buyers who aren’t looking for a renovation project.
Tidy up any greenery and flowerbeds, keep your lawn freshly mowed and set the scene for buyers with a sociable patio space.
Thrifted or second-hand furniture is a great option for budget fixes and you might just need a lick of paint to spruce up tired-looking features.
Add in some of your favourite potted plants which can be easily moved when you’re ready to move on from your home.
Redecorate with neutrals
Bright colours can make it difficult for prospective buyers to be able to see themselves in that space.
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Give your property the best chance possible by returning to neutrals so people can imagine what they’d do with that space, instead of over-shadowing their view with your own design taste.
The team at Online Mortgage Advisor told Express.co.uk: “Curb appeal creates a long-lasting first impression and will set the tone for the rest of the home.
“Potential buyers can immediately be put off a property if the front of your house is run down and looking tired – give it a spruce up, whether that’s a fresh lick of paint or adding a nice hanging basket by the door.”
Make simple upgrades
You don’t need to fill your home with brand new furniture – just make do with what you have.
Replace worn door handles or drawers and cupboards and consider giving tired furniture a coat of paint to breathe new life into old items.
Second hand buys are great for simple swaps and cheap upgrades which will look appealing to buyers.
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