Pros and cons of buy­ing a home in spring

Lesotho Times - - Property -

IF you ask around, peo­ple will give you pros and cons for sell­ing your home in any sea­son, but the fact re­mains that mar­ket ac­tiv­ity is in­vari­ably high­est in spring and early sum­mer.

While this does have some down­sides for buy­ers and sell­ers, it also presents a wide ar­ray of op­por­tu­ni­ties, says Tony Clarke, Man­ag­ing Di­rec­tor of the Raw­son Prop­erty Group.

“Spring is all about new be­gin­nings and get­ting a head start on fu­ture plans,” says Clarke.

“It’s an ‘out with the old, in with the new’ kind of sea­son, and that goes for more than just spring clean­ing.”

He says for a lot of peo­ple, those first few weeks of sunny days and longer evenings are ex­actly the trig­ger they need to make a move on find­ing a new home.

“We see dra­mat­i­cally more buy­ers hit­ting the mar­ket place with the on­set of spring,” he says. “Part of this is al­most cer­tainly the psy­cho­log­i­cal ef­fect of the warmer weather, but it’s also be­cause there are a lot of new prop­er­ties be­ing listed, and it is just more fun go­ing house hunt­ing in the sun. Homes are brighter, gar­dens are more colour­ful, and ev­ery­thing is fresh and green. Clarke says it’s also an ideal time to think about what you’ll be need­ing in the new year, and what you can af­ford with ex­pected bonuses and an­nual in­creases on the way.” More buy­ers on the mar­ket does mean more con­tenders for prop­er­ties, how­ever, and Clarke warns that spring pur­chases tend to be faster-paced and more com­pet­i­tive than in other sea­sons. “Buy­ers in spring are def­i­nitely well ad­vised to get pre-qual­i­fied by a bond orig­i­na­tor,” he says.

“This will give them an ac­cu­rate idea of what they can af­ford, and also strengthen any of­fers they de­cide to make, giv­ing them a bet­ter chance of be­ing ac­cepted over other buy­ers if they need to com­pete for a prop­erty that they love.”

Sell­ers, of course, tend to en­joy this kind of buyer ri­valry as it of­ten means faster sales and higher prices at the end of the day. How­ever, since there are also more prop­er­ties go­ing up for sale dur­ing spring, Clarke says they could find them­selves fac­ing an equally com­pet­i­tive mar­ket­place.

“I al­ways ad­vise sell­ers to re­mem­ber that you aren’t com­pet­ing with the best house in your neigh­bour­hood,” says Clarke.

“You’re com­pet­ing with the best house in your neigh­bour­hood that’s on sale at the same time as yours. If there are only a few neigh­bour­ing homes for sale, as is of­ten the case in win­ter, there’s a good chance that you’ll com­pare favourably and cap­ture the at­ten­tion of buy­ers.”

If there are nu­mer­ous homes on sale, how­ever, he says you may find your­self hav­ing to work a lit­tle harder.

Thank­fully, spring weather tends to make this fairly easy.

“Make use of the good weather to neaten and brighten up your gar­den, and en­hance your curb ap­peal with some at­trac­tive land­scap­ing,” says Clarke.

“A fresh coat of paint on your home’s ex­te­rior and new var­nish on your wooden win­dows can also go a very long way to­wards im­prov­ing the ap­peal of your home.”

Clarke says he rec­om­mends get­ting into the spring clean­ing groove and mak­ing sure your in­te­rior is de­clut­tered and sparkling.

“Steam-clean your car­pets, dryclean your cur­tains and dust all those nooks and cran­nies that get for­got­ten dur­ing win­ter’s gloom,” he says.

“Also make sure all your fix­tures and fit­tings are in good work­ing or­der and that ev­ery­thing looks well cared for and clean.”

All things told, and de­spite its com­pet­i­tive na­ture, Clarke says spring is an ideal sea­son for buy­ers and sell­ers.

“The va­ri­ety of op­por­tu­ni­ties avail­able on both sides of the equa­tion al­most al­ways out­weigh the chal­lenges of greater com­pe­ti­tion,” says Clarke.

“With a lit­tle bit of re­search and the right prepa­ra­tion, a spring sale can be good for ev­ery­one in­volved.”

— Prop­erty24

Slid­ing doors are of­ten used as closet doors and use a min­i­mal amount of space to func­tion, mak­ing them a great choice when space is at a pre­mium.

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