Why buy­ing a bath­room may see you sell quicker

The Wharf - - Property - Dawn San­doval of Dawn San­doval Res­i­den­tial

One of the ques­tions I’m asked most of­ten is: “If I carry out ren­o­va­tion work on my prop­erty, will it make a dif­fer­ence when it comes to sell­ing?”

In short the an­swer is of course it will and in many ways, not just fi­nan­cially. It’s of­ten said kitchens and bath­rooms sell houses and their con­tri­bu­tion shouldn’t be un­der­es­ti­mated.

Top of the range fa­cil­i­ties in these rooms are ex­pen­sive and, as the av­er­age buyer is nor­mally stretch­ing them­selves to the ab­so­lute max just to se­cure the prop­erty they don’t of­ten have cash left over to re­place di­lap­i­dated in­te­ri­ors.

Con­se­quently if you have a fresh one in­stalled be­fore sell­ing you’re more likely to shift your prop­erty and for more cash.

You need to make sure that you don’t go too wild with re­gard to colour. A hot pink kitchen may be fab­u­lous to you but will cer­tainly not be every­one’s cup of tea. So keep it neu­tral if you are plan­ning to sell a cou­ple of years down the line.

One word of cau­tion though, if you spend ob­scene amounts of money on your home do not think that you will cer­tainly re­coup it when sell­ing.

The likely out­come if you de­cide to splash out and spend £50,000 on a kitchen is it will not au­to­mat­i­cally bump the sell­ing price up by that amount.

What it will do is make your home stand out from the crowd and en­tice in the view­ers.

Some buy­ers have no vi­sion at all so they are look­ing for a per­fect home that is al­ready dec­o­rated. If they are view­ing two homes in the same vicin­ity and yours has been ren­o­vated and the other hasn’t the chances are yours will go un­der of­fer sooner. Such buy­ers will usu­ally be will­ing to pay a de­cent price too in or­der to se­cure a ready made ex­quis­ite home.

My ad­vice if you’re con­sid­er­ing an up­date is to go for it, if you want to get your best price. It will give you ne­go­ti­at­ing power when it comes to se­cur­ing an of­fer and should at­tract more at­ten­tion.

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