How UK Homeowners Could Get Their House Off The Market In LESS Than 1 Month
UK homeowners now have the potential to get their house off the market 2 times faster than post-pandemic times. Currently, it takes 27 days to get a home sold in 2021, compared to an average of 69 days in 2019.
Searches for 'houses for sale' and 'property for sale’ have seen double-digit gains since the start of the year, with online searches rising 31% and 27% because of pent-up demand and low mortgage rates coupled with the extension of the Stamp Duty holiday.
With this trend set to continue, Estate Agents and Property Consultants Strutt & Parker have provided their advice on capitalising on a fast house sale by identifying the unique potential in a property, setting it apart from the neighbouring competition.
One of the most lucrative ways to capitalise on property value is to look for opportunities to maximise internal space.
Recent research suggests that potential buyers are likely to pay above asking prices if homes include:
·Modern kitchen & bathroom
·Loft conversion
·Spare bedroom
·New heating system or boiler
·Modern windows
·Garage conversion
·Landscaped garden
·Home office
British homeowners spent around £2,608 on home improvements last year, with the highest investments in kitchens and gardens. Any obvious renovations that could help to maximise internal space should be considered a worthwhile investment when looking for a fast house sale.
The external view of a house is equally as important as the inside. If there are two houses for sale on the same street in varying conditions, the home in need of modernisation will appear less valuable a prospect than the home upgraded to a contemporary style.
According to research, the following external features are considered to be especially important when viewing a potential home from the outside
Feature |
% |
Windows in good condition |
71% |
No missing tiles on the roof |
68% |
A tidy garden and trimmed hedges |
67% |
Well maintained driveway or pathway |
56% |
Well-maintained fences and walls |
56% |
An attractive front door |
52% |
Clear gutters |
50% |
Hidden wheelie bins |
36% |
Good lighting |
26% |
"Capitalise on the thing that makes your house different". If there are easy improvements that can be made to your home, make them, then feature them in photographs and styling to really set your property ahead of the competition," Edward Church, Head of Strutt & Parker Canterbury.