Even though there was a DIY boom in the first lockdown, it looks as though many homeowners will carry out home improvements throughout 2022.
At Urban BASE, we are more than happy to offer guidance on these improvements. While you are free to decorate your house to your tastes, you should have potential buyers in mind if you plan on selling your home soon.
We can help you make changes that ensure your home appeals to buyers and increases in value. To arrange a viewing and valuation, don’t hesitate to get in touch with us, and we will be more than happy to assist you.
A lot of homeowners are intent on making changes to their house
A recent study of homeowners focused on the sort of changes these property owners intend to make in 2022. 69% of people who have bought a property in the last six months intend to improve their home. 52% of respondents said they plan to carry out minor changes around the house. 17% of property owners who responded are committed to a significant project, such as an extension.
An extension is often a major project, taking time and costing considerable money, but it usually has a great return.
A study by Nationwide highlighted the potential return on investment when adding more space at home (using a three-bedroom house as the base level):
- Adding a double bedroom with en-suite facilities can add up to 23% to the value of your bathroom
- A double bedroom can improve the value of your home by 12%
- An additional bathroom can add 6% to the value of your house
With short and long-term benefits on offer from these changes, it is easy to see why many homeowners consider adding more space at home. If you would like to discuss this option, or other ways to better present your house, we are more than happy to assist you.
What do homebuyers not want to see when looking at a home?
Of course, while it is vital to know what home buyers are looking for in a home, you should always pay attention to what they don’t want to see. If you ensure your home doesn’t have these features, you will enhance your chances of connecting with likely buyers.
Some of the key findings of a study commissioned by BestHeating, which spoke to more than 2,000 people asking them about features that turn them off during the viewing process, include:
- 63% of prospective buyers said structural issues put them off a property
- 62% of potential buyers are put off a home by damp
- 57% of buyers say mould puts them off buying a house
- 52% say cracks are the factor that turns them off making an offer on a home
- 51% of buyers say leaks are the factor that stop them desiring a house
- 46% of potential buyers are put off by neighbours
- 27% of buyers are thwarted by the layout of the house
- 10% of buyers are put off by the décor of the property
Contact Urban BASE for all your North East property needs
If you would like to arrange a property valuation for your home, or arrange an appointment to discuss a move into the North East rental market, we are always happy to help. Call us on 0845 6431186 today.