Tips for Selling your Home with Home Improvements

selling your house

In the current economic uncertainty it’s perhaps not surprising that house prices are either stagnant or falling, with this in mind many people are looking for ways to add value to their house as well as making general improvements that they can live with till they decide to put their house on the market.

Here are some home improvements that can be made which will add value to your Devon property.

Increasing the size

A well designed conservatory or extension that doesn’t take up too much outside space could add up to five percent to your value as well as provide a more liveable home for the remainder of your time in the property. However if you end up turning your garden in to something resembling a postage stamp you could wipe out all the extra value you add.

A Second Bathroom

Be it an en suite or on the landing a second bathroom could increase your house price by up to five percent. But when thinking about installing more bathrooms don’t go overboard, a four bedroom house does not need four en suite bathrooms.

Central Heating

Even the ancient Romans had central heating so it’s only natural that houses with good central heating are worth around six percent more than those without it.

Loft Conversion

While a loft conversion could add an extra 20 percent to the value of your house it is expensive and very disruptive. If you plan on a conversion make sure you make the most of the space by adding a bedroom and a bathroom.

It is of course worth bearing in mind that all of these improvements cost a lot of money up front and do not guarantee to increase the value of your house or to make it sell faster.

Tips for Selling your Home

Selling your home can be for many different reasons either positive or negative. A loss of job or divorce can lead to a forced sale just as much as a new job or moving in with a partner can. Whether it’s executed with a leap in your step or done with a heavy heart selling your Devon Property successfully will mean you have to do the same either way to get a buyer and move on.

Ideally, you want to be able to sell your home before you buy your next. Doing the latter can cause all sorts of problems and if you hold off until your property is sold then you are in an enviable position which sellers will find attractive. Often, you can ask considerably less than the property is worth and get an acceptance due to your ability to exchange quickly.

Although circumstances may not permit, try and sell your property in a robust market. Any Devon Estate Agents worth their salt will be able to talk you through property trends of the moment and help guide you with the whole process.

First impressions with houses count enormously so check out your kerb appeal. By that I mean, on arrival, how does your property fare? Well kept lawns and borders along with more substantial elements like pristine windows and paintwork, good pointing on brickwork etc can make or break someone’s opinion of the property, so much so that regardless of what the interior is like, their impression is formed and could be detrimental to the popularity of the property.

The standard on the outside should be kept throughout the inside of the property, a good declutter along with a neutral touch with colours and textures will go far when it comes to appealing to the masses: People won’t necessarily like your taste so go for the wider market appeal.

New Build HomeBuy – A Helping Hand for First-Time Buyers

Housing Corporation

First-time buyers are having a difficult time at the moment, and, as with most things involving money, the less well-off you are the harder hit you’ll get.

So how can this be helped? Today, we want to bring your attention to one possible option: the New Build HomeBuy government scheme.

By initially purchasing a share (normally 25 – 75%) in a property, rather than the entire thing, you massively reduce the initial amount that has to be paid. The enormous investment when first buying a home is the biggest stumbling block for a lot of people.

The remaining share of the property you then pay rent on, which itself is at a reduced rate.

This isn’t where it ends though. After your initial purchase, you can buy a greater and greater share in your home, a method known as ‘staircasing’. This allows you to work all the way up to having a 100% share in the property, at which point, rather obviously, you completely own it.

If, at any point, you think, “Wow! I really want to sell my house!” then that avenue is still open. At any time up until you own 100% of the house, you can sell your share of the property to somebody of your landlord’s choosing.

It’s easier to sell once you’ve achieved complete ownership though, as you no longer have to consult a landlord. From here, you could sell with the intention of moving, stay in the property without having to pay rent, or sell to a company that buy property and rent back to you, allowing you to cash in on your newly bought house without having to move out.

Of course, when considering your options for buying you need to find the one that’s right for you. If monthly payments of rent are going to be a problem, then this scheme won’t work, just as it won’t work if you can’t get the initial down payment together. In these circumstances, there are still options for you, but it’s going to be hard, especially with the current state of the housing market.