If you are someone who likes to keep their finger of the pulse on the UK property market, you will be intrigued to know that prices may well have peaked at the beginning on 2015. Although the market continues to grow at a proportionate rate to the economy, the steep incline in pricing has begun to level off as the second financial quarter has commenced. Such a trend may have inspired you to sell your home fast while the market remains strong, in order to maximise resale value and capitalise on considerable demand.
If you do decide to sell your home as a way of maximising its existing value, you should bear the following points in mind before making a firm commitment.
Avoid Expensive and Illegitimate Refurbishments
In previous generations, the construction of an extension or a conservatory was guaranteed to add value to any home. More stringent building regulations and a constantly changing economic landscape have changed this, however, meaning that the level of added value is no longer as pronounced or certain. This means that you should give careful consideration to any major home-improvements or refurbishments, as these are costly, time-consuming and may not deliver the kind of value that you are hoping for. These large scale works also require permission and careful planning, otherwise they may be deemed illegal and end up costing your money.
Prioritise Small and Low-cost Improvements
Just because large scale refurbishments should be resisted, this does not mean that you cannot look to add value to your property. The key is to invest in low-cost, small-scale improvements that are quick to execute. While these modifications may not make a huge difference in terms of driving higher value, they can help to create a more aesthetically pleasing and alluring home that engages potential buyers. Given the level of houses currently on the market, this will help you to sell quickly and achieve as high a purchase price as possible.
Go online to sell your Home
There are a growing number of online estate agents in the UK, each of which offers their services for a reduced, fixed fee. This helps you to drastically reduce your costs as a home-owner, while the online medium also enables you to reach a wider, national audience in real-time. If you are looking to sell your property quickly, partnering with a reputable online firm provides you with the best possible chance to realise your goals and achieve a viable profit.