While many vendors are keen to connect with buyers quickly, in light of the stamp duty holiday, some homeowners are taking the long-term approach. There is a lot to be said for improving your home, and adding value to your property.
In the longer-term, there are steps you can take to enhance your home, making it more appealing to likely buyers, and helping you achieve a higher price. At Austin Property Services, we are fully committed to ensuring you connect with buyers on terms that are right for you.
Your bathroom and kitchen could be the key to selling your home
According to research carried out by the Tap Warehouse, upgrading your kitchen and bathroom can improve the value of your home by 10%.
With the average price of UK home’s standing at £235,298; this represents an increase of £23,529. This would see the house value move up to £258,827.
According to Zoopla, as of the start of September 2020, the average price paid for property in Bournemouth is £303,108. 10% of this sum is just over £30,000, which means adding 10% would lead to a value of more than £330,000.
Desirable features in the kitchen include:
Spacious and modern storage units
Island or breakfast bar
Glass doors leading outside of the property
Desirable features in the bathroom include:
Good quality tiles and grouting
A stand-alone bath-tub
A power shower
Four top tips from the experts at Tap Warehouse are as follows:
Clean the grout on your tiles or re-grout the tiles – which will result in the bathroom or kitchen looking newer than it did before
When decorating with selling in mind, opt for neutral colours, as this will help you appeal to more prospective buyers
If you are looking for an affordable way to upgrade the style of your kitchen or bathroom, you will find upgrading the taps is a great idea
Any homeowner who cannot justify the cost of a breakfast bar or kitchen island should consider buying a standalone unit
Consider what improvements are best
Tom Drake is a DIY specialist at Tap Warehouse, and he said; “Bathrooms and kitchens are two of the most expensive rooms to renovate, so poor quality in either of these is likely to give buyers the perception they'll need to invest a lot of money on renovations.”
Not all upgrades are the same, so make sure you research what is likely to have the best impact on your home, and likely buyers. Our knowledge of the local market will help you make an informed decision as to what is best for you.
Tom also said; “However, if you make the investments yourself before you place your home on the market, you’re more likely to increase your profit. After consulting with property professionals, we uncovered that investing into the kitchen and bathroom can increase the average house value by 10% (£23,529). In our experience it's often the smallest details that can dramatically improve the perception of a home. Simply installing a new tap or a modern shower can completely transform an entire room.”