fbpx
Property Wire Property Wire
NewsFinanceOpinionInterviewsAwardsAdvertise
Sign In Register

Home

Preparing to Sell Your House

29th December 2020
Share this post:  

It’s time to sell your home, but it needs some work. Selling a house can already feel overwhelming, and whether you already knew it was coming or a professional has recently pointed out the bad news to you, you may be wondering how much you need to do and how you will do it. Below are a few tips to keep in mind during this process.

Choose the Right Renovations

There are a few things to ask yourself before you proceed with fixing up the house. One thing to consider is how healthy the real estate market is in your area. If places are selling fast, you may be able to get away with fewer repairs. It’s generally a good idea to talk to your agent about the best balance of making the home attractive to buyers versus spending too much money on issues that they are unlikely to notice or care much about. Certain problems may tend to scare buyers away even if you account for the cost of repair in the house price, such as replacing a roof. In other cases, cheap cosmetic fixes, such as new paint and curtains, can make a big difference in the look of the place.

Get the Extra Cash You Need

Once you know what you need to do, you’ll know how much money you need. First, you should look at where you can cut expenses. For example, if you are paying back student loans, you might want to use a student loan refinance calculator to find out what you could save if you refinance them. This could lower your monthly payment. If you cannot cut your expenses enough, you may want to consider taking out a personal loan to cover some of these costs.

Know the Costs of Selling

The costs of a home sale are not just about the work you need to do on the house. You can have seller closing costs explained by your agent, but in general, they will include a number of different fees and taxes, such as documentary transfer taxes, escrow fees and many more. Your agent will also collect a commission, but if you are thinking of trying to sell without an agent to save money, this may not the best plan. Agents generally net you more money even when still accounting for the cost of commission.

Staging

Your agent can also help you with staging, which generally does not involve renovation but is about making the house look attractive as possible when potential buyers come by. This includes everything from cleaning to removing personal items from the home, such as family photos and signs of pets, to addressing curb appeal in how your home looks from the outside. Some people even rent furniture if their own is not in the best shape. The idea behind staging is to make the home look less personal so that potential buyers can imagine themselves in it while also ensuring that it is appealing. Decorating extremes, such as walls painted in unusual colors, should be avoided.

Share this post:  

Sign up to our daily email

Popular Posts

  • Three ways Brexit could impact the property market
  • limited company Limited company buy-to-let is an underserved market
  • UK Proptech businesses to watch out for in 2021
  • Fewer tenants in arrears but things could worsen
  • rents grow Your legal rights as a residential property landlord when dealing with rent arrears

Other News

buying property abroad
20th January 2021

Is 2021 a good year to invest in properties abroad?

property boom rising prices
20th January 2021

Will the UK Property Boom Continue in 2021?

las vegas
19th January 2021

Land Based Casinos React to COVID-19

Studying in apartment
18th January 2021

Study Abroad: How To Choose the Right Home?

About UsRegisterAdvertiseAdvertising T&CsTerms & Privacy PolicyContact Us
OpinionNewsFinanceInterviewsFeatures
AwardsPR and Content AgencyUKTNTerms & Privacy Policy
Change privacy settings
© 2021 Media Ventures International Limited t/a PropertyWire.
Registered in England & Wales at WeWork 41 Corsham St London N1 6DR. Company number 11023400.