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Can Certain Features Add Value to My Home?

Making big home improvements is always a big step. We all want to make our home better, but deciding which improvements should take precedence isn’t always easy. If you’re planning to sell your property in a few years, adding features that increase its value might be the best course of action.

But which features should be at the top of your shopping list? We take a look.

A converted basement

If you have the money to convert your cellar into a comfortable living space, you can increase the market value of your home by up to 30 per cent. You won’t need to obtain planning permission, and how you use the room is up to you. However, basement conversions are often more expensive than extensions.

An extended kitchen

Can certain features add value to my home?

They say that the kitchen is the heart of the home. We are spending more time than ever in our kitchens. We don’t just cook there now — we socialise and catch up with loved ones over drinks and food. For this reason, we need more space. And more of us want to separate laundry from cooking.

Add an extension to your kitchen to create a larger dining or communal area, can add value to your home. If you have the budget to add a utility room as well, you can increase the market value of your home by up to 15 per cent.

A converted loft

Converting your loft is a cost-effective way to add more living space to your home. And the more space there is, the more valuable your property is. A properly extended loft with stairs, doors, windows and utilities is usually expensive. But it’s a lot cheaper than converting a basement or building an extension. Turn your loft into two extra bedrooms with en-suite facilities, and you stand to increase the value of your home by up to 15 per cent.

Can certain features add value to my home?

Exactly the same goes for a garage. In fact, converting most garages is cheaper, as this space often already has power and a water supply.

Planning permission

You don’t always have to invest in significant improvements to increase the value of your home. Just by getting planning permission for major extensions and improvements, you can make your property a lot more attractive to buyers. If all the legal permissions are in place, you can expect the value of your home to increase by up to 10 per cent.

A conservatory

Adding a conservatory is a cost-effective way to increase the value of your home. A conservatory that extends into your back garden can increase the value of your property by up to five per cent. But put a real roof on it, and the value of your home can increase by up to 10 per cent if the new space is large enough.

A new bathroom

If your bathroom is tied, old-fashioned and past its best, replacing it with something modern, functional and stylish could add up to five per cent to the value of your property. And you don’t need to fork out for the latest features and luxury fittings to unlock your home’s price potential.

Always get a realistic estimate of the renovation costs before proceeding with home improvements. If you want to increase the market value of your home, it’s only worth your while if the works cost less than the projected value increase.

What Are the Advantages of Selling to a Property Cash Buyer?

A property cash buyer is someone who makes an offer on a home with the funds required already in their bank account. There’s no need to apply for a mortgage, which means the entire process is concluded a lot faster.

According to stats from the Land Registry, around a third of all house purchases in England and Wales involved a cash buyer in 2017. And this percentage has been rising in recent years. Why? Because there are several advantages involved — and here are a few of the most impressive.

The sale completes quickly

Cash property buyers

A cash buyer has the money needed to buy a property readily available. There’s no need for a lengthy mortgage application — something that often holds up a house sale. By cutting out the involvement of banks, a lot of the red tape is removed. Banks perform several checks before releasing funds, which always slows things down.

This is why more and more homeowners want to find cash buyers — whether that’s in the open market or through a house buying company such as Flying Homes.

There’s often a discount for cash

One of the most exciting advantages of being a property cash buyer is the opportunity to get a modest discount on market value. There’s no property chain involved, and no need for a long, drawn-out mortgage application process. This is highly desirable for sellers in a hurry, no need to bother with staging your home for a sale, just sell in an instance! And to attract cash buyers, a lot of homeowners will offer their property at a slightly reduced price.

No complex property chain

A broken property chain is a common cause of collapsed house sales. Some chains are very complex and involve 10 or more parties. When just one mortgage application or survey, the whole chain collapses.

Most chain collapses occur because of problems with finance. But take the need for a mortgage out of the equation, and an entire property chain can be put back together in a day. This is why a lot of sellers who’ve been let down by their buyer actively seek cash buyers.

If you’re in this position, it might be worth bypassing the open market completely. Flying Homes works with cash buyers around the world. If you need to find a buyer in a hurry, selling to a “we buy any house” firm could be your best option.

You’re less likely to be asked to perform repairs or modifications

Cash property buyers

Banks want to know that their cash is being used to purchase a safe home in a reasonable state of repair. Or at the very least, they want to know that the sale price reflects the current condition of the property. For these reasons, banks insist on surveys, searches and a range of other checks before they release cash.

If a problem is discovered that holds up the sale of your home, you’ll be expected to rectify it yourself. And this could be a costly process. But cash buyers don’t often impose such strict stipulations.

What’s the downside of selling to a property cash buyer?

Finding a cash buyer gives you a degree of certainty during the house selling process. But don’t expect a free ride. In return for this increased certainty and shorter timeframe, you’ll probably have to reduce your price expectations. Remember: selling to a property cash buyer gives you a chain-free quick sale. And this could be crucial if you need to raise funds quickly.

Selling your home to a cash buyer makes the entire process faster and less likely to fail. But you might need to lower your price expectations if speed and certainty are your priorities.

Selling your Home during Summertime

Selling your House in The Summer Months

The summer is filled with distractions, and many of them have the potential to significantly affect the process of selling houses – seasonality can be key. Buyers’ thoughts are more likely to be wrapped up in leisure time, vacation time, school holidays and generally enjoying life. Particularly during warm summers, sun-starved Brits like to make the most of the weather while it lasts, and that can dampen the demand for property somewhat. However, if you need to sell your house during the summer months, there are a few things you can do to increase the chances of a quick sale at the right price, by considering the time of year. This guide to selling your home in the summer months could help you to optimise your home for a quick and profitable sale.

Tend to Your Garden Regularly

During the summer, grass and weeds grow quickly, and it isn’t usually too long before a garden starts to grow out of control. It is important to mow lawns and weed your garden at least once every two weeks. Consider putting some items of garden furniture in order to demonstrate the possibilities for leisure, and adding a splash of colour in the form of some flowerbeds could add a different dimension to your property. A tidy colourful garden will give your home ‘kerb appeal’ – an important factor during the home buying process.

Decorate for the Summer

A combination of light tones and flashes of summer colour can really make a home look fantastic during the hotter months of the year, but it is important to use colour sparingly. Buyers tend to respond more favourably to neutral tones, so keep things tasteful. But adding colour with soft furnishings and accessories could be a great way to give your home a distinctive look. Yellows, oranges and greens work very well during this time of year.

Make the Best Possible Use of the Light

A large part of selling your house in the summer involves appealing to the emotions and imagination of potential buyers. One way to achieve this is to allow light to flood into your property wherever possible. Remove any large drapes, and change dark curtains for lighter shades. The careful placement of mirrors and furniture can also add to the bright and spacious image of your home. Allow as much of the summer sunshine into your home as you can, and you might be surprised at the positive reactions from property buyers.

Be Flexible with Property Viewings

Longer days mean people are out and about for longer, and many people will consider viewing properties for sale well into the evening. If you can host viewings at these later times, you will generate more interest in your home, which could push up the final sale price.

Move Things Outside

A hospitable, relaxing family home is always enhanced if there is scope to take daily life outside when the sun is shining. Arrange to have a family barbecue during a viewing, or set up the paddling pool for the kids. Showcasing your gardens and patios like this will help buyers to use their imagination.

Regulate Your Home’s Temperature

Summer heat can be particularly stifling at times, as most houses for sale in the UK don’t have integrated air conditioning systems. Selling your home in summer can go much better if you switch on fans and extractions fans during hot periods, and open as many doors and windows as you can. It can take a while to bring down the temperature of a hot house during the summer, so try to get into the habit of taking these measures at the beginning of every day. If you feel your home is still too hot, investing in some portable fans and a standalone air conditioning unit might be a good idea.

Selling and buying a house is an emotional process for many people, so appealing to the different emotions and requirements that summer brings could help you to sell your house. While demand can wane during particularly hot summers, estate agents and property specialists can help you to stage your home according to the season – and that could squeeze a little extra value out of your property.

Moving house? How to prepare for moving day

How can you prepare for moving house?

Moving house? How to get ready for one of life’s most stressful events, moving day, one of the stages in our selling your home guide.

All the stress of the sale of a house and haggling over home prices is behind you. No more trawling houses for sale with local estate agents – the moving day has finally arrived. While the moving process can itself be a stressful event, a little planning and preparation go a long way. Selling houses involves a complex series of legal and financial tasks, but the new start that moving day signals should be an exciting time. Formulate a plan of action well in advance, get yourself a moving house checklist, and you can truly savour the moment.

Finding a Reliable Removals Firm For Moving House

It is likely that there are dozens of removals companies in your area and finding the right one can be a daunting task. It is important to remember that just opting for the cheapest quote may be a mistake. You should check with previous customers, friends and family to ascertain the level of service each firm offers, and it is also a good idea to learn what types of specialist equipment they use. Your chosen removals firm should also have sufficient insurance cover in place – just in case any of your possessions are lost or damaged in transit when moving house.

Stagger the Moving Process

Whether you find a property to rent or find property for sale in advance, you might be able to move your possessions in different stages saving you the stress of trying to get moved within only a few hours on the day. So, when the day finally arrives for moving house, you might be left with only the most essential items of furniture. Estate agents and conveyancers may be able to arrange a sale in such a way that you gain access to your new home before moving out of your current property allowing you to attend to any essential cleaning and repair jobs without the need to work around stacks of unopened boxes for moving house.

Moving House Checklist Includes Planning Every Detail in Advance

Preparing for moving house
Preparing for moving house

For a smoother day use your moving house checklist of things to do, before during and after your move. Try to make it a weekend – although removals firms will often charge more for these days. However, with less traffic on the road, you should find it easier.

Before the big day arrives, however, there are some essential tasks you can take care of in advance:

  • Contact the Royal Mail and arrange for your post to be redirected for a few weeks.

  • Download any instruction manuals you need and send any emails before moving day, as you may find that you’re waiting several days to install your new Internet connection.

  • Compile a list of instructions for the people buying your home, including will include details of how to operate windows, security systems and heating. It might be nice to leave some local information for your buyers as well, such as the names of your neighbours and the details of any local amenities.

The last thing you should do before locking up for the last time is to take meter readings for gas, water and electricity, and forward them to your utility companies.

Whether you are buying a house or selling a house, the day for moving house is usually emotional. On the one hand, you are excited and happy about moving, but on the other, you are sad about closing the door on a significant chapter in your life. By planning every detail of the moving process, you can ensure that stress and emotions are kept in check when the big day arrives.

The Seasons – Selling a House in Spring Time

The spring is widely regarded as one of the best seasons for selling houses. With the worst of the winter gone and summer only weeks away, property buyers come out in force to find a new home.

The spring signals the start of new beginnings, and for many people, it also signals the start of a new chapter in life. If you want to take advantage of this phenomenon and sell your house fast in spring, there are several relatively simple steps you can take to make the season work to your advantage.

Tend to Your Garden

There are probably thousands of properties for sale in your neighbourhood, so making a great impression from the moment prospective buyers arrive at your property is essential. A great way to do this during the spring is to inject new life into your garden. Ensure that all the debris and disruption of winter are removed, keep your lawns mowed and remove any weeds. Spring is a time of emerging colour, and you can inject some into your own garden by planting some classic spring flowers such as daffodils and tulips. If the weather is fine, consider putting out some garden furniture.

Repair Any Damage to Your Property’s Exterior

The cold, wet and windy weather of winter can take a heavy toll on the façades and fascias of your home, so use the longer, warmer days of spring to attend to any repairs that may be required. Pay close attention to the roof and windows of your home, as well as the brickwork. These areas can take a battering during the winter, and they can spoil the ‘kerb appeal’ of your home. As well as a tidy and attractive garden, a presentable property that is in a good state of repair is essential if you want to create a positive first impression amongst prospective buyers.

Spring Clean

The relative darkness of winter can result in certain areas of your home becoming less than perfectly polished and clean. However, the spring sunshine is unforgiving, and it can shine a light on dust and dirt you didn’t know was there. Of course, it is a cliché, but a good spring clean is essential if you’re selling a house in the spring. Pay particular attention to door knobs, mirrors, hard floors and chrome – these surfaces can streak and mark relatively easily. You may want to enlist the services of a professional cleaning company – just prior to your first viewing – in order to give your house a real sparkle.

Let the Light In

After a long and dark winter, it can be easy to forget that the spring presents a fantastic opportunity to breathe new life into the rooms of your home. With the sun higher in the sky and the daylight hours more numerous, you can use the extra natural light to give your property a sense of freshness and space.

If you have thick, winter curtain and drapes hanging, it may be a good idea to replace them with thinner alternatives. Also, try to stick with pastel shades for fabrics that represent the natural colours of spring. Keep your blinds fully opened, and make sure your windows are always spotlessly clean. And if you rearranged your furniture to create a cosy ambience during the winter months, move it back to create space for light to creep into.

Introduce Spring Colours into Your Home

The spring is often associated with pastel shades, yellows and greens, and introducing those colours into your home will create an uplifting ambience that will resonate with people during the home buying process. Work with home staging specialists or estate agents to inject colour into your property in appropriate and subtle ways. This may entail repainting walls, but it could be as simple as adding a few fixtures, fabrics and soft furnishings.

Selling a house during the months of spring allows you to take advantage of a sudden spike in demand. However, to give your property the competitive edge over other houses for sale in the vicinity, you should be prepared to go the extra mile, as people buying a house at this time of year are likely to have several options. But if you follow these relatively simple steps, you should be able to use the changing priorities and requirements of spring buyers to increase interest in your property – driving up the final sale price. For more tips and advice on how to sell your house, then call Flying Homes now on 0800 68 99 420!

Image By Anita Martinz from Klagenfurt, Austria – Colorful spring garden, CC BY 2.0, Link

Selling Your Home Guide: Negotiating the Legal Aspects of a Property Sale

Conveyancing and Managing the The Legal Aspects of a Property Sale
Conveyancing and Managing the The Legal Aspects of a Property Sale

Negotiating the Legal Aspects of a Property Sale

You’ve listed your property for sale, prepared your home for viewings and accepted an offer. You could be trying to find property to rent or the new home of your dreams. Now it’s time to tackle the complex issue of the legal process, negotiating the legal aspects of a property sale can be fraught with problems. Part of the process of selling a house, the legal formalities are designed to protect the interests of both you and your buyer, so expert guidance throughout this stage of selling a house is essential. Although you will be able to rely on the expertise of your chosen legal representative – or conveyancer – you will need to know what the process involves in order to stay abreast of progress.

Choosing Your Conveyancer

There are likely to be hundreds of conveyancers and solicitors operating in your area, and choosing the best one could be tricky.  However, follow some simple tips to ensure you get the right person for the job.

  • Ask friends and relatives for recommendations based on experience

  • Seek at least three full quotes before making a decision

  • Clarify all aspects of the service being offered and ask any questions before you reach an agreement

  • Tell your solicitor or conveyancer in advance that you want regular updates, and agree on a target closing date

  • Look for conveyancers who are offering no deal, no fee options. This will mean you are not left out of pocket if the house sale collapses through no fault of your own

  • Check the details of every quote you receive very carefully – they can include different services and criteria

  • Some estate agents will recommend solicitors and conveyancers they have worked with in the past, so seek their advice

Provide Your Conveyancer with the Necessary Information

Conveyancers deal with houses for sale every day, and they will be able to take control of the legal side of things on your behalf. However, in order to get started, you will need to supply some accurate information from the outset.

  • Your official ID and other basic information such as your mortgage roll number

  • Information about your home, including boundaries, any previous disputes and which areas of land you own

  • A complete list of all fixtures, fittings and furniture that are included in the sale

Completing the Sale

House buying in the UK can differ slightly between the constituent nations. In England and Wales, for example, the process of buying a house is completed when contracts have been exchanged. It is not possible for a buyer to pull out of the deal after this stage without losing their deposit.

The seller and the buyer will normally have their own conveyancer, and both legal representatives will coordinate the exchange process on behalf of their clients. It is common practice for a completion date to be set for around two weeks after contracts have been exchanged. Once the buyer’s money has been transferred, the legal process is complete, and you will need to surrender the keys to your home’s new owner.

If you live in Scotland, the process of completion works in a slightly different way. The seller will advertise a guide price, inviting buyers to submit their bids and projected completion dates. Once any offer has been formally accepted, financial penalties are imposed on any party that reneges on the deal. Buyers will therefore usually ensure that they have funds in place before submitting a bid.

Property buyers trying to find property for sale in England and Wales will often do so without a mortgage in place, so the risk of a deal breaking down before completion is higher than it is in Scotland. However, with the expert help of your conveyancer, you should be able to negotiate the process without too many surprises.

If you want to sell your property quickly then our unique property buying service cuts out much of the stress and hassle of dealing on the open market. The offers we can secure on your home are comparable to house prices on the open market, so you can concentrate your efforts on finding the new home of your dreams.

Want to ask a question?

Call 0800 68 99 420

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