D_Property

During the winter, when the days are shorter, the house market is renowned for being quieter, as many sellers postpone putting their house on the market until the spring. However, this doesn’t mean buyers stop searching, so sellers should do everything they can to market their property in the best possible light.

By following a few simple steps from National Association of Estate Agents (NAEA), sellers can ensure their property looks and feels attractive to capture a buyer this winter.

David Mackie, President of National Association of Estate Agents (NAEA), says: “Traditionally, sellers hold off from marketing their homes in the bleak winter months, because they think it’s a bad time to sell. But it is time to go against these out-dated claims and get your homes market-ready by making small but effective changes to make your home an inviting prospect for potential buyers looking to make a winter purchase.”

NAEA’s top tips for those looking to sell their property during winter are as follows:

Don’t forget about the exterior: Make sure the property looks well maintained and cared for from the outside, with windows and walls freshly washed to remove any dirt. Clear the path of leaves and make sure there isn’t any ice on the paths that could cause potential buyers to slip. The first seconds upon arriving at the property are the most important in terms of impacting the buyer’s decision.

Keep entryways clutter-free and clean: As rain is falling outside, keep your home clean and tidy inside. Make sure there is a door mat present for visitors to wipe their shoes and remove any wellington boots from the front door mat, so potential buyers won’t trip over them.

Let there be light: With shorter days during the winter months, it is crucial to maintain a good level of lighting in your home to make it inviting for visitors, especially during evening viewings to create a warm and cosy ambience – and that includes outdoor lighting too. Make sure you should check all bulbs are working prior to a viewing.

A warm welcome: It’s the most wonderful time of the year, and decorating your home may encourage potential buyers to stay longer – and having a roaring fire going can create a warming feel. Don’t go too overboard with the tinsel though, as you don’t want your property to look over-cluttered. Buyers should be able to envisage themselves living in your home, so it pays to make it as inviting as possible. Smell is also important, so putting out a diffuser or some freshly cut flowers works really well.

Garden space: A messy garden can detract buyers, as it looks like lots of work needs to be done. The winter weather can also tire garden furniture, and make it look unsightly. If possible, clear patio furniture away, if not, ensure they are securely covered. It’s worth spending a few hours trimming bushes, mowing the lawn, removing fallen leaves and dead plants to make a tidy outdoor space. It is also a good idea to trim back overhanging branches, particularly those blocking the windows in order to encourage as much light into the property as possible. Increased rainfall over the winter months take its toll on guttering too, so check the gutters and drain covers are properly cleared of dead leaves and other debris, as leaky gutters and down pipes cause damage and are unappealing.

Tackle the DIY jobs you have been putting off: Make sure all small maintenance jobs have been made prior to putting your house on the market – such as fixing leaky taps or painting over cracks on the walls. Despite the fact you might not notice it, potential buyers will and fresh internal décor and paintwork goes a long way.

Winter break: If you are planning to get some winter sun and have a holiday booked, don’t forget the heating in your home should be left on at a low temperature (minimum of 15°c), in order to prevent the pipes from freezing. If you are away for a long period and don’t want to keep the heating on 24/7, make sure it is set on a timer. Longer spells at a lower temperature can be more economical than shorter blasts at a higher temperature. This will ensure there are no problems upon your return to be dealt with before showing your home to prospective buyers.

Source: www.propertyreporter.co.uk

November 25, 2016
exterior-1597096_1920

Top tips for selling your home this winter

During the winter, when the days are shorter, the house market is renowned for being quieter, as many sellers postpone putting their house on the market until the spring. However, this doesn’t mean buyers stop searching, so sellers should do everything they can to market their property in the best possible light.
November 25, 2016
home-1596607_1920

Autumn Statement 2016:five ways it will affect the property market

1. £3.15 billion is being set aside for 90,000 new houses in London. Mayor Sadiq Khan welcomed the investment, the highest ever secured for housing by City Hall, but warned Londoners that they faced “a marathon, not a sprint”. The Mayor will use the cash for housing tenures, including those with below-market rents for low-income Londoners and homes with rents set at no more than a third of average local income for middle-income earners. In addition, there will be more shared-ownership homes to help Londoners who want to buy but can’t afford to on the open market. 2. £1.4 billion is being set aside to deliver 40,000 affordable homes. Again, there is little detail as to…
November 24, 2016
hammerton-college-1751689_1920

Autumn Statement: Billions announced to boost new home building by UK Chancellor

The UK Government has announced billions of pounds of new funding to boost the building of new homes and will encourage a wider spread of home types to buy and rent. Delivering his autumn statement, Chancellor Philip Hammond announced a £2.3 billion housing infrastructure plan to support the construction of 100,000 new homes in areas of high need. Hammond also announced a £1.4 billion cash injection which will help build 40,000 new affordable homes in places where first time buyers are being prices out of the housing market.
November 24, 2016
building-828961_1920

UK property industry disappointed over lack of stamp duty reform

There is disappointment in the UK property industry that Chancellor Philip Hammond did not take on board calls for a change to stamp duty, the tax paid when a property is bought. In the run up to the autumn statement there had been hope that he might reverse the 3% additional stamp duty imposed earlier this year on additional homes which affected by to let landlords and second home buyers.
November 23, 2016
blue-sky-1284254_1280

London sees house purchase loans rise 12%

According to the latest report from CML, house purchase loans have increased in the capital by 12% on the quarter, but remain 16% down on the year. CML reported that home buyers in London took out 19,200 loans, worth £6.2bn, a 12% rise compared to the second quarter but down 16% compared to the same quarter in 2015. The value of these loans was up 15% compared to the previous quarter but down 14% compared to Q3 2015.
November 23, 2016
castle-1374916_1920

UK house price sentiment stable after Brexit vote low

Households across the UK are more optimistic about property prices than they were just after the country voted to leave the European Union, the latest sentiment index shows. The House Price Sentiment Index (HPSI) from Knight Frank and IHS Markit has been above 50 for four months in a row following a low recorded in July although November’s reading was a slight decrease from the 55.7 recorded in October but looking ahead the outlook is even more positive. November is also the second consecutive month during which household perceptions eased, but the index report says this mirrors the wider trend in house price growth since the referendum vote and suggests stability but there is north/south divide.…
Restricted Content
The contents of this website are intended only for investors from certain qualifying classes (“High Net Worth Individuals”, “Self-Certified Sophisticated Investors” and “Restricted Investors”). To access the full contents of the site you must first register in one of these categories.
Please confirm that you are a suitable investor before proceeding. If you are unsure whether you meet the specific criteria or not, you can check the definitions here.
Will be back soon