5 Facts That You Should Know About Real Estate

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Moving into a new house is considered one of the most stressful things a person can go through, but selling a house is no party either. So, if you’re thinking of selling yours, then here are five facts that you should know about the real estate business.

 

1. A Seller’s Market Doesn’t Mean You Can Get What You Want

 

In many parts of the country, it’s a great time to sell your property, but you should try and keep your feet on the ground. Just because it’s a seller’s market doesn’t mean people will buy no matter what. The fact of the matter is that any house is only worth what someone else is prepared to pay for it, not what you think it is worth. Let your realtor be your guide when it comes to the value of your house, and get several estimates.

 

2. No One Expects Your Home to Be a Show Home

 

Most people are not that interested in seeing houses that look like show houses. When people are looking for a home, that’s exactly what they want to see, a home – somewhere they can imagine themselves living. Of course, it’s vital to ensure your home is clean and presentable as no-one wants to imagine themselves living in a pigsty, but it really doesn’t have to be stripped of all your belongings and styled as though it’s going to appear in a glossy magazine, to appeal to a buyer. Some things will definitely put buyers off though. If you have pets, you need to make sure that there are no smells of damp animals wafting around the house. Talking of smells, remember the classic sales techniques of baking some cookies. That’s the kind of home-smell that sells houses.

 

3. First Impressions Really Do Count But Not Where You Might Think

 

First impressions count, whether it’s meeting new people, starting a new job, or buying a new home. However, too many people concentrate on the inside of the house, forgetting that it’s actually the outside that people see first. If you have a garden or a front yard, make sure that it looks nice and tidy. And if you have a fence, a lick of paint can work wonders for your home’s curb appeal.

 

4. Look At Your Home’s Decor as An Outsider Would

 

Have a real look at the inside of your house. Try and look at it with the eyes of a potential buyer. If each room blends into the next, then you’re looking good. However, if each room is garishly painted, or you have allowed the kids to be ‘creative’, then a fresh coat of neutrally-toned paint may well be the way to go.

 

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5. Choose Your Next Home Wisely

 

Finally, if you’re selling your home, you are no doubt looking to buy as well. If you’re thinking of your next home as an investment, you should be looking at the best areas of town. As this will be where the most expensive houses are, try to think where the up-and-coming areas will be in five or ten years’ time. Your realtor will be able to advise you on this as well. And if you can find a fixer-upper, this is where you will get the most bang for your buck.

 

Selling a home does come with its stresses and there are certainly lots of forces that are out of your control. However, with enough planning and a bit of careful preparation, the process can be made to run a whole lot more smoothly.

Easy Ways to Add Value to Your Property

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Whether you have just bought a new property, are happily settled in your home or are looking to sell up and move, there are loads of easy ways that you can add space and value to your house.

 

Before you bring in the buildings and plumbers and decorators, it is worth checking with your local estate agent whether or not a major home improvement will add value to your property, and if there are any features which are particularly sought after in your area. Remember that every property has a ceiling price, so make sure the cost doesn’t outweigh the profit in your equity.

 

Loft conversion

 

The most popular way to add value to a home is to convert the loft into a useable space. Going into the loft is often the easiest way to add an extra bedroom to the house, which will immediately push up the value into the next price bracket. It’s worth remembering that an extra bedroom can add anywhere between 10% and 15% to the value of the property.

 

However, a loft conversion will usually be around $20,000 to $25,000, and you will need to get planning permission from your local authority before you get going.

 

Paint, paint, paint!

 

A fresh paint job will do wonders for the value of your property and can turn your home from old and tired into fancy and fresh. If you don’t have time to do it yourself, you can hire someone to do the residential exterior painting, as well as a painter and decorator for the inside. Stay away from bold and dark colors if you are reselling, as they will make a room or space seem much smaller than it actually is, and also hire a professional if you are in danger of making any decorating or DIY mistakes!

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Revamp the kitchen

 

The kitchen is the heart of the home. It’s a place where people gather on social occasions, where families eat and deep conversations are had. As this room is such an integral part of the home, it is important that it is attractive looking and functional.

 

If you don’t have the money for a full kitchen refit, there are some simple and easy things you can do to bring it up to a higher standard. Try replacing cupboard doors and handles for a quick and easy refresh and aim to create a space which is multipurpose. Most people spend the majority of their time in their kitchens, and it must be able to function as a place for kids to do their homework, guests to relax in while you are cooking dinner and family gatherings. Updating the kitchen doesn’t have to cost the earth, but it will be worth every penny.

 

Invest in your garden

 

Outdoor spaces have become a room in their own right, and investing in your garden is big business. By having a garden which is well laid out, you are not only adding value to your property but will also make it easier to sell!